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During this year's Al Islami Festival, DIB will launch a new product - Flexi Pay Home Finance - as well as provide customers with value-packed promotional campaigns for Auto Finance, Personal Finance and Credit Cards.
The Al Islami Festival runs from July 20-September 30, 2008.
Al Islami Flexipay Home Finance is a unique home finance product, launched by DIB with an introductory profit rate of just 5.5% per annum for the first two years, bringing the dream of individual home ownership within the reach of more people than ever before.
The award-winning Al Islami Auto Finance product is offering a profit rate of only 3.99% per annum, with the first payment to be made after 90 days.
Recently named the UAE's Auto Finance Provider of the Year by Autocar Middle East, the region's leading car magazine, DIB is the provider of auto finance for one in every three cars financed in the UAE.
Al Islami Cardholders who use any Al Islami Card for a purchase transaction during the same period will be automatically entered into a raffle draw, to win five prizes of Dhs50,000, and fifty prizes of Dhs10,000 each, which will be loaded to the cards of the lucky winners.
During the course of the 2nd Al Islami Festival, any customer who avails of the broad array of Al Islami Personal Finance solutions will also be entered into a special raffle draw, with four lucky winners driving home in a brand-new Mercedes C-class.
'On behalf of everyone at Dubai Islamic Bank, I am delighted to announce the launch of the 2nd Al Islami Festival, which offers an exciting array of promotions and prizes to our customers' said Dr. Adnan Chilwan, Chief of Retail Banking, Dubai Islamic Bank.
'Already acknowledged for our leading position in the card, auto, home and personal finance space in the UAE, this special promotional period will further enhance DIB's standing among consumers seeking fantastic opportunities to benefit from the best that Islamic banking has to offer. This summer, we look forward to welcoming everyone to Dubai Islamic Bank.'
Dubai Islamic Bank launches 2nd Al Islami Festival
Dubai Islamic Bank (DIB) has announced the launch of the 2nd Al Islami Festival, a season of special promotions and prizes.
- United Arab Emirates: Tuesday, July 22 - 2008 at 12:42
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Dubai Islamic Bank is a Sharia-compliant financial institution. As such, please refrain from using any of the following terms in reference to the bank and its activities:• Loan
• Lender / Lending / Lend
• Borrower / Borrowing / Borrow
• Credit facility
• Advance
• Interest
About Dubai Islamic Bank:
Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices. DIB is a public joint stock company and its share is quoted on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. In a very short space of time it has created market leading services and products that are setting benchmarks for the rest of the sector.
DIB set a world record by raising a $3.52bn sukuk for the Nakheel Group. This sukuk adopted a structure never used before in Islamic or conventional banking history. This Sukuk adopted a 1st of its kind structure never used before in Islamic or conventional banking history.
The bank has been proactive in creating partnerships and alliances at both the local and international level. DIB has adopted an aggressive expansion strategy, which started with the establishment of DIB Pakistan Limited, a wholly owned subsidiary of DIB. DIB opened its first representative office in Turkey to enhance its access to that market. DIB has also acquired a stake in Al Khartoum Bank and a stake in Emirates and Sudan Bank (ESB). These steps mark DIB's ambitious plans to roll out its operations into regional and international markets as part of its overall strategic plan.
DIB has won the respect of its peers around the world. The bank was recently named by Islamic Finance News the UAE's Best Islamic Bank. DIB has also received many awards from international organizations such as the prestigious 'Bank of the Year - UAE' award for 2006 by The Banker magazine and accolades from Euromoney. DIB has garnered the attention of international credit rating firms receiving ratings from Standard & Poor's and Moodys agencies
For further information, please contact:
Nicholas Nesson / Ghaleb Zeidan/ Mohammed Daggamseh
ASDA'A Public Relations
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
Posted by Eman HassanTuesday, July 22 - 2008 at 12:42 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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