Commercial Bank of Dubai opens a new branch of 'Attijari Al Islami' in Sharjah

Peter Baltussen, CEO of the bank unveiled the branch in the presence of senior executives of the bank.

The opening of the new branch in Sharjah brings the Attijari Al Islami branches to a total of four, including two in Dubai and one in Abu Dhabi. The bank plans to open two more Attijari Al Islami branches in the 2nd half of 2009.

Peter Baltussen, CEO of CBD, said:

"We are delighted to announce the opening of this Attijari Al Islami branch which will support the rapid growth and development of the economy of the Emirate of Sharjah. In recognition and respecting the desires of a growing number of our valued clients to conduct their banking and financial transactions in accordance with Sharia principles, we are pleased to be able to offer 'Attijari Al Islami' in Sharjah. This move emphasizes our commitment to support the growth of Islamic banking in the UAE. Focusing on our client's needs coupled with building long-lasting relationships with them will continue to be the drivers of CBD's future growth and success."

Nabil Tayyeb, Head of Islami Banking said, "We are dedicated to playing an active role in the field of Sharia compliant banking within the UAE at both the retail and corporate levels. Attijari Al Islami will offer an extensive range of Islamic financial products to our retail, corporate and investment banking clients. We aim to set new quality standards in Sharia compliant banking, will result in better products and superior service for our clients."

He added, "All our 'Attijari Al Islami' branches are distinguished by their modern design and managed by a team of professionals in this field who have substantial experience in understanding client needs and in providing them with innovative Sharia compliant financial solutions."

The prestigious Sharia Supervisory Board of 'Attijari Al Islami' consists of prominent Islamic scholars and is chaired by Dr Hussain Hamed Hassan. The Sharia Supervisory Board is responsible for reviewing, approving and overseeing all 'Attijari Al Islami' Sharia product offerings. It is responsible for certifying and endorsing strict adherence to the principles of Sharia in all products and services.