KARACHI - Dawood Islamic Bank (DIBL) has been renamed as Burj Bank, effective July 11, 2011, with the approval of the State Bank of Pakistan (SBP), says a press release. This is a result of over $21 million invested by the Islamic Corporation for Development of the Private Sector (ICD), Jeddah and Unicorn Investment Bank, Bahrain, in Dawood Islamic Bank (DILB) Burj Bank has emerged with a new vision and a mission. The new vision of the bank is to become the benchmark for Islamic Banking backed by a new mission to be among the top 10 banks of Pakistan within a decade. The foreign investment made by ICD and Unicorn in the bank is a reflection of the confidence in Pakistan in general and prospects of Islamic banking in the country in particular.