Moro Hub Powers Sustainable Digital Transformation for Dubai Islamic Bank with a Green Data Centre

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), signed an agreement with Dubai Islamic Bank (DIB), a pioneer in Islamic banking, enabling the bank to leverage Moro Hub’s state-of-the-art green data centre facilities located in the Mohammad Bin Rashid Solar Park. The agreement was signed during COP28 UAE at Expo City Dubai. The signing ceremony was addressed by Mohammad Bin Sulaiman, Chief Executive Officer of Moro Hub and Obaid Al Shamsi, Chief Operating Officer of Dubai Islamic Bank in the presence of several other VIPs and notable dignitaries from both parties.

“Moro Hub’s green data center offers cutting-edge solutions powered by sustainable energy, and by choosing our solar-powered data centre, Dubai Islamic Bank is not only enhancing the efficiency and security of its digital operations but also contributing to the UAE’s national agenda for sustainability. We look forward to supporting them in their digital transformation journey,” said Mohammed Bin Sulaiman, Chief Executive Officer of Moro hub. Recognised as the world’s largest solar-powered data centre by the Guinness World Records, the facility is located at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, utilizes clean and renewable energy sources to reduce its carbon footprint, making it an ideal choice for companies like DIB that prioritize environmental responsibility.

“We are delighted to partner with Moro Hub. Hosting some of our strategic services in their green data centre, powered by renewable energy, marks a thrilling advancement in our operations. This strategic move underscores our dedication to environmental sustainability and mirrors our commitment to maintaining the utmost standards in security, reliability, and efficiency within our digital infrastructure.

This partnership not only aligns seamlessly with our goals for sustainability and digital security but also represents a significant stride towards responsible and efficient digital practices,” said Obaid Al Shamsi, Chief Operating Officer of DIB. This collaboration between Dubai Islamic Bank and Moro Hub marks a significant milestone in the financial industry’s embrace of sustainable practices, underscoring the importance of green technology and positioning DIB as a leader in environmentally conscious digital innovation. As part of 10X, Dubai Electricity and Water Authority (PJSC) mobilised its innovation unit to create a new entity called Digital DEWA, which uses innovation in artificial intelligence and digital services to meet the current and future requirements brought about by the 4th industrial revolution.

This entity required an innovative, agile data hub, and thus Moro Hub was established. Forming the backbone of Digital DEWA, Moro Hub was introduced to fulfil the need for an innovative and agile data centre. Through its purpose-built, industry-accredited data hub, Moro Hub uses its expertise, capabilities and alliances to contribute to the digital transformation of society.

Trusted to secure, manage, and integrate data, Moro Hub is committed to providing value through customer-centric innovation, creating new opportunities now and in the future. For more info, please visit . Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint-stock company listed on the Dubai Financial Market.

Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full-service Islamic bank and the second-largest Islamic bank in the world. With Group assets over USD 80bln and a market capitalization of more than USD 10bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group, DIB offers an increasing range of innovative Shariah-compliant products and services to retail, corporate and institutional clients.

In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across several markets worldwide. The bank has established DIB Pakistan Limited, a wholly-owned subsidiary that is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, as well as the most extensive and innovative portfolio of Alternate Distribution Channels. The launch of Panin Dubai Syariah Bank in Indonesia early in 2017 marks DIB’s first foray in the Far East, the bank owns over 25% stake in the Indonesian bank.

Additionally, in May 2017, Dubai Islamic Bank PJSC was given the license by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in 2018 in UAE. In early 2020, DIB completed the acquisition of Noor Bank, which solidifies its position as a leading bank in the global Islamic finance industry.

In 2021, DIB increased its foreign ownership limit to 40% reflecting the increasing confidence of global investors towards the bank. The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services.

DIB has been named the Best Islamic Bank in various prestigious ceremonies and recognized for its outstanding performance amongst the world’s Islamic Banks, marking it a clear indication of the bank’s leadership position in the Islamic finance sector. Please follow us on DIB’s social channels:.