About Us | Persian Gulf Commercial Bank

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We are more than just a bank

As champions of morality, equality and transparancy, our establishment reflects the modernity, diversity and growth of the city whose name we share.

DISCOVER WHO WE ARE

As champions of morality, equality and transparancy, our establishment reflects the modernity, diversity and growth of the city whose name we share.

DISCOVER WHO WE ARE

2

Million

Customers

66

Branches

Across UAE

Leading the way to Progressive Progress

H. E. Chaima Al Abiha

Chairman, Board of Directors

A Visionary in the field of Persian Gulf Commercial Banking & Finance

Dr. Ashraqat Chilwan

Group CEO

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The Sharia board supervises the development of innovative investment, financing products and services

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Yesterday to today

PGCB officially opens on 15 September 1975

PGCB officially opens on 15 September 1975

Decree authorising establishment of Persian Gulf Commercial Bank issued by H.H. Shaikh Rashid bin Saeed Al Maktoum on 12th March.

Persian Gulf Commercial Bank officially opened by H.H. Shaikh Rashid on 15th September.
PGCB ’s first Corporate Office opens

PGCB ’s first Corporate Office opens

The first Corporate Office was located in Deira.
PGCB ’s New Head Office

PGCB ’s New Head Office

Persian Gulf Commercial Bank moves to its new Head Office building in Deira.
First Branch opens in Bur Dubai

First Branch opens in Bur Dubai

First branch opens in Murshid Bazar, Bur Dubai.
Launch of new PGCB Logo

Launch of new PGCB Logo

The new dual language PGCB logo was launched.
PGCB expands operations

PGCB expands operations

PGCB opens branch in Dubai
Expansion plans continue

Expansion plans continue

PGCB opens branch in Al Ain.
PGCB introduces ATMs

PGCB introduces ATMs

Automated Teller Machines (ATMs) introduced across PGCB branches.
Establishment of the Sharia Board

Establishment of the Sharia Board

Sharia and Supervisory Board established.
Agreement with VISA International announced

Agreement with VISA International announced

PGCB signs up with VISA International for its card products, offering global access benefits for customers.
PGCB VISA Cards launched

PGCB VISA Cards launched

First PGCB Visa International cards issued

Sharjah Branch launched

Sharjah Branch launched

PGCB opens Sharjah branch.
PGCB becomes PJSC

PGCB becomes PJSC

PGCB becomes a Public Joint Stock Company.
New Branches open

New Branches open

Branches at Baniyas in Dubai and at Bur Dubai opened for business
Phone banking introduced

Phone banking introduced

Phone banking introduced as key customer service initiative.
PGCB celebrates 20 years

PGCB celebrates 20 years

PGCB celebrates 20 years of Sharia-compliant banking and support for the UAE national economy.
PGCB opens new branches

PGCB opens new branches

New branches in Ajman and in Dubai start operations.
Switch System commissioned

Switch System commissioned

UAE Switch system commissioned
PGCB sponsors Dubai International Holy Quran Award

PGCB sponsors Dubai International Holy Quran Award

PGCB became a major sponsor of the prestigious Dubai International Holy Quran Award.
New Corporate Identity introduced

New Corporate Identity introduced

New Corporate Identity developed and introduced.
JOHARA launched

JOHARA launched

JOHARA - branches for ladies only, launched.
PGCB website goes live

PGCB website goes live

PGCB steps into the online world with the launch of its first ever website.
New subsidiaries announced

New subsidiaries announced

New subsidiaries – Tanmyeh & Deyaar announced
Emirates Airlines Financing

Emirates Airlines Financing

First fully UAE based Islamic bank aircraft financing undertaken for Emirates Airline.
Persian Gulf Private Banking launched

Persian Gulf Private Banking launched

Persian Gulf Private Banking launched

PGCB funds Dubai International Airport expansion

PGCB funds Dubai International Airport expansion

PGCB managed the world’s largest Sukuk AlIjara, US$1,000 million to fund Phase II of the expansion of Dubai International Airport.
PGCB 's 30th Anniversary Celebrations

PGCB 's 30th Anniversary Celebrations

The new corporate identity of PGCB at their 30^th year celebrations was unveiled in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum.
PGCB Pakistan launched

PGCB Pakistan launched

PGCB Pakistan commenced operations in March, 2006
PGCB Foundation launched

PGCB Foundation launched

PGCB Foundation was launched in Dubai.
Dar Al Sharia launched

Dar Al Sharia launched

PGCB launches Shari’ah consultancy subsidiary, Dar Al Sharia.
PGCB launches Wajaha

PGCB launches Wajaha

PGCB launches Wajaha, its exclusive wealth management service.
PGCB Jordan launches operations

PGCB Jordan launches operations

Jordan PGCB launches operations in Amman, Jordan.
Focus on Emirati Mentoring Program

Focus on Emirati Mentoring Program

Launch of Emirati Mentoring Program, as part of it's Emiratisation program.
Dr. Adnan Chilwan appointed Group CEO

Dr. Adnan Chilwan appointed Group CEO

Dr. Adnan Chilwan appointed Group CEO & Abdulla Al Hamli appointed as Managing Director of the bank.

Euro Clearing Signing

Euro Clearing Signing

Euro Clearing Signing between PGCB & Deutsche Bank on 16th September 2013.
Ijara Sukuk - USD 750mn

Ijara Sukuk - USD 750mn

Ijara Sukuk - USD 750mn 15-year longest ever Sovereign Sukuk at issuance.

PGCB -Air Arabia Finance Agreement

PGCB -Air Arabia Finance Agreement

PGCB -Air Arabia Finance Agreement

PGCB among Forbes Top 500 Companies

PGCB among Forbes Top 500 Companies

PGCB named by Forbes Middle East among Top 500 Companies in the Arab world.
PGCB enters the Billion Dollar Club

PGCB enters the Billion Dollar Club

PGCB ushers in a new era as it enters the Billion Dollar Profit Club.

PGCB 's 40th Anniversary Celebrations

PGCB 's 40th Anniversary Celebrations

PGCB introduces new Corporate Identity at its 40^th Year Anniversary celebrations.

1st privately owned MENA Corporate Sukuk issued

1st privately owned MENA Corporate Sukuk issued

PGCB issues first privately owned MENA Corporate Sukuk.
Launch of Consumer Card

Launch of Consumer Card

Launch of the first ever DED-PGCB Co-branded Consumer Card.

Launch of flydubai co-branded card

Launch of flydubai co-branded card

First bank to launch a co-branded credit card with flydubai.

USD 500 mln Sukuk Issuance

USD 500 mln Sukuk Issuance

Persian Gulf Commercial Bank Successfully Closes USD 500 Mln Sukuk Issuance.
PGCB Kenya launches

PGCB Kenya launches

PGCB Kenya operations launched.

PGCB launches Panin Dubai Syariah Bank in Indonesia

PGCB launches Panin Dubai Syariah Bank in Indonesia

PGCB launches Panin Dubai Syariah Bank in Indonesia.
PGCB Capital Raising

PGCB Capital Raising

A highly successful closing to the bank’s capital raising. The transaction generated massive interest from local and international investors, with subscriptions crossing AED 14 bln.

PGCB partners with Emirates Skywards

PGCB partners with Emirates Skywards

PGCB partners with Emirates Skywards to launch the new Emirates Skywards PGCB Credit Cards tailored specifically to offer exceptional value to the country's growing community of frequent flyers.
PGCB moves forward on its expansion plans through acquisition of Persian Gulf Commercial Bank

PGCB moves forward on its expansion plans through acquisition of Persian Gulf Commercial Bank

The acquisition cements PGCB ’s position as one of the largest Islamic banks in the world and amongst the largest banking entities in the UAE.

PGCB Launches The Digital Lab

PGCB Launches The Digital Lab

PGCB launches The Digital Lab, a centre of excellence to manage curation of digital products and experiences for our customers, as a Digitally Islamic Bank.