Dubai Islamic Bank SWIFT/BIC code

DUIBAEAD – the SWIFT/BIC code of Dubai Islamic Bank

The short code DUIBAEAD and the 11-character code DUIBAEADXXX identify the same bank: Dubai Islamic Bank in Dubai, United Arab Emirates. A BIC has a single purpose: it makes sure that a cross-border transfer reaches the right bank. In daily life you mostly come across the code on invoices from abroad, in payment forms and on the account details that Dubai Islamic Bank provides.

This page is meant to help anyone who pays into an account at Dubai Islamic Bank and wants to get the details right. The SWIFT code alone cannot identify an individual account holder; that is what the account number or IBAN .

How long does an international transfer to Dubai Islamic Bank take?

How quickly a payment arrives at Dubai Islamic Bank is determined by a few things: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in either country can add a day or more. Occasionally a bank asks about the purpose of a payment before releasing it.

When a payment takes longer than expected, contact the sending bank about the tracking status and the transaction reference. Specialist transfer services often show tracking online showing how far the payment is.

If the money does not arrive after a few business days, the sender needs to start with the bank that sent it. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.

Watch out for payment fraud

Criminals regularly send fake invoices with new bank details. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Before paying, verify changed bank details by phone, using a number you already had. Urgency and secrecy tend to be warning signs. If money was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams can also work the other way. Someone sends too much and wants you to return the difference via a different route. A screenshot of a transfer is no proof.

International transfers from Dubai Islamic Bank: the real cost

A bank transfer abroad can cost rather more than the fee suggests. There is the transfer fee, possibly charges from correspondent banks along the way and, above all, the exchange rate markup.

The real cost is often in the rate: many banks convert using an exchange rate with a margin built in. A simple test: put the rate you get against the mid-market rate and work out the difference on your amount.

Money transfer services often offer a rate near the mid-market rate and lower fees. GoldexPay lists transfer providers side by side so you can see the amount the recipient gets before you commit. Choosing a specialist does not mean leaving Dubai Islamic Bank: you simply pay the service from your account.

How up to date is this code?

Our SWIFT/BIC directory is based on publicly available sources. Institutions merge, change names and change codes – a directory can be a step behind. Counts and locations come from our own dataset.

For any payment that matters, always check the BIC with Dubai Islamic Bank or with the recipient. GoldexPay has no connection to Dubai Islamic Bank. Should you notice a mistake, we welcome a message.

DUIBAEAD or DUIBAEADXXX – which one to use?

A BIC is made up of fixed blocks: characters one to four stand for the bank, the next two show the country and the two after that mark the location. That gives you DUIBAEAD for Dubai Islamic Bank.

XXX at the end of DUIBAEADXXX does not stand for a missing value or an error: it stands for the main office of Dubai Islamic Bank. Some banking apps ask for 11 characters, in which case you simply enter XXX behind DUIBAEAD.

As a rule the code is typed in capitals. Watch for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Paying into Dubai Islamic Bank in AED

Accounts at Dubai Islamic Bank are usually held in AED, the local currency of United Arab Emirates. Money sent in a different currency will be exchanged into AED before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate charge for that conversion – the cost sits in the rate.

Where the conversion happens affects how much arrives. In many cases it is cheaper to send AED straight away via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for AED change during the day – some services let you fix a rate in advance. For regular payments, small differences in the rate make a real difference over time.

Is DUIBAEAD still correct? How to check

The most reliable place for the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. Compare it with DUIBAEAD here.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges. An error in the account number is a bigger problem, because the money may be credited to someone else.

A validity check in your banking app only tells you that the code exists – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient gives extra certainty. When you pay someone new, some people start with a small test amount.

Head office or branch code at Dubai Islamic Bank?

Dubai Islamic Bank has 4 separate SWIFT/BIC codes. One of them is the head office code, DUIBAEADXXX; the others identify branches or departments.

In most cases you do not need to pick a branch: payments sent to DUIBAEADXXX reach Dubai Islamic Bank without problems. Branch codes are only needed when the account holder specifically asks for it, which is more common for business accounts and trade services.

The best way is to take the code straight from the account holder’s invoice. Branch codes are more prone to be retired than DUIBAEADXXX when a bank merges or closes offices.

Incoming international payments to Dubai Islamic Bank

If you expect a payment from another country, send the payer a complete set of details. The basics are: your name, IBAN or account number, DUIBAEADXXX and in many cases your postal address.

You can include Dubai Islamic Bank and its city as well, since some forms ask for it. A typo in your account number can be more trouble than it looks.

The amount you receive can be less than what was sent. Intermediary banks may deduct a fee, Dubai Islamic Bank may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. On invoices, you can state who bears the costs.