Press Release

JCR-VIS upgrades the Short-Term Rating of Dubai Islamic Bank Pakistan Limited to A-1 (A-One)

Karachi, January 28, 2010: JCR-VIS Credit Rating Company Limited has upgraded the short-term rating of Dubai Islamic Bank Pakistan Limited (DIBP) to ‘A-1’ (A-One) from ‘A-2’ (A-Two). The medium to long term entity rating has been maintained at ‘A’ (Single A). Outlook on the rating remains ‘Stable’.

The revision of short-term rating takes into account the recent capital injection of USD 9m by the sponsoring bank, allowing DIBP to meet the minimum capital requirement of Rs. 6b for FY09. Moreover, DIBP has also been able to post profitable results for the first time during the full year 2009; continuation of positive trends in this regard may further enhance the level of capitalization going forward.

For further information on this rating announcement, please contact the Mr. Safdar Kazi (safdar@jcrvis.com.pk / Ext: 501) or Ms. Sabeen Saleem (sabeen@jcrvis.com.pk / Ext: 510) at 35311861-70 or fax to 35311872-3.




Faheem Ahmad
President & CEO

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright January 28, 2010 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.