Dubai Islamic bank P.J.S.C (DFM:DIB) (DIB) said it had received approval from its board to explore the possible acquisition of Noor Bank PJSC. Dubai Islamic also received approval to appoint financial advisers to conduct due diligence and valuation of Noor Bank, it said in a statement. DIB is in talks with shareholders of Noor Bank over a possible acquisition of the lender, three sources told Reuters in April.