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Monday, November 30 - 2009

Dubai Islamic Bank opens new branch in Sharjah

  • United Arab Emirates: Monday, May 05 - 2003 at 13:02
  • PRESS RELEASE

Dubai Islamic Bank (DIB), the premier Islamic financial services institution in the Middle East, has opened its second branch in Sharjah raising its total number of branches in the UAE to 17.

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  • From left : Mr. Saad Abdul Razaq, Executive Vice-President, Retail and Corporate Banking  Services; Mr. Butti Khalifa bin Darwish, Chief Executive Officer; Mr. Mansoor Al Awadi, Nothern Emirates Dept. Manager, Sharjah Branch Manager; Mr. Abdul Kareem Mohd. Akbar, Branch Manager, at the opening of the new branch.
    From left : Mr. Saad Abdul Razaq, Executive Vice-President, Retail and Corporate Banking Services; Mr. Butti Khalifa bin Darwish, Chief Executive Officer; Mr. Mansoor Al Awadi, Nothern Emirates Dept. Manager, Sharjah Branch Manager; Mr. Abdul Kareem Mohd. Akbar, Branch Manager, at the opening of the new branch.
Commenting on the bank's new drive, Mr. Butti Khalifa bin Darwish, Chief Executive Officer, DIB said: "The opening of the new branch comes in response to the increasing demand for DIB's services in Sharjah. Located on Wasit Road, the new branch will serve the surrounding residential and industrial area, while the old branch will continue to service the city centre."

"This initiative comes as part of the bank's expansion strategy and continuous endeavor to provide its customers with convenient next-door banking services including financial consultancy in both commercial and real estate sectors, current and saving accounts, investment deposits and financing services, foreign remittances and Ijarah leasing services." said Mr Darwish

Mr. Saad Abdul Razak, Executive Vice-President Retail and corporate Banking Services, DIB, said: "DIB has always sought to pioneer innovative initiatives and banking services in accordance with Islamic Sharia. The opening of the new branch is a further step towards implementing this objective on a wider scope." Mr Abdul Razak noted that clients in the Wasit area are now able to access services outside the bank's official working hours since the branch will be run morning and night shifts.

"Our new branch in Sharjah has self-service divisions within the premises, with specialised automated kiosks for the Al Islami Online (Internet banking service), Al Islami Al Mubasher (telephone banking services) and on-line cash deposit services," Mr Abdul Razak explained. The automated kiosks will allow clients to deposit cash, which will be credited to their accounts immediately or to check their accounts on a round-the-clock basis.

DIB aims to ensure that its growing customer base can conveniently access the bank's innovative range of services wherever and whenever they choose to do so, using technology as an enabler.
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Notes and media contacts

For further information, please contact:
Fakher Daghestani/Ghizlan Alam
ASDA'A Public Relations,
Burson-Marsteller exclusive affiliate in the Middle East
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556

Established on 1975, Dubai Islamic Bank is considered to be the first Islamic bank in the world that has implemented the principles of Islam in all its practices. It was founded with active assistance of the UAE Government, the Central Bank and people of the UAE.

The economic and business philosophy of Islam encourages generation and sharing of profits. However, it forbids giving or taking of interest. Dubai Islamic Bank is the first Islamic bank in the world to practically implement this concept. Leveraging the strengths of Islamic business and economic concepts on one hand and state-of-the-art banking technology on the other, DIB creates partnerships with its customers to generate profits, which are then shared with them. DIB has created a vast array of Islamic banking and finance products to suit every conceivable need of its customers.

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