| 17 Aug 2010 |
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DIB named UAE's best once again
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Named 'Best Takaful Distributor in UAE' for Q2 2010 by Germany's FWU AG
Bank recognised for sustained performance of Al Islami Takaful Savings Programme throughout 2009-2010
(DIBDIB) announced today that it has been named the "Best Takaful Distributor in the UAE" for the second quarter of 2010. The award was recently presented to the bank by Germany's FWU AG, a global leader in Takaful product development, in recognition of the exceptional performance of the Al Islami Takaful Savings Programme.
Launched in 2009, the Al Islami Takaful Programme is part of DIBDIB's comprehensive suite of Sharia-compliant banking solutions. This programme combines savings and investment plans with personal Takaful protection, creating a unique product that offers two key benefits - savings and protection - within the same plan.
"In a year that has proven to be challenging for all businesses, we are proud of our continued success of the Al Islami Takaful Savings Programme. Since launch in 2009, the Programme has proved to be extremely popular amongst DIBDIB
customers," said Dr. Adnan Chilwan, Chief of Retail and Business Banking, Dubai Islamic BankDubai Islamic Bank. "Our extensive branch network and professional customer service across the UAE have been instrumental in achieving this phenomenal performance. The success of the Takaful Savings Programme despite turbulent times, has led us to launch a number of new and innovative Takaful products to suit the varied needs of our customers." The Al Islami Takaful Programme offers a range of investment options to suit different risk profiles, with flexible payment options - from monthly contributions to one-time lump-sum contributions - and flexible maturity periods. Depending on their age, customers can choose a plan term from 7-30 years (for regular savings) and 3-30 years (for lump-sum investments). The product also offers the flexibility to increase or decrease contributions and make partial withdrawals at any time during the term.
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About Dubai Islamic Bank
Dubai Islamic BankDubai Islamic Bank (DIBDIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. DIBDIB is a public joint stock company, and its shares are listed 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. The bank currently operates 63 branches in the UAE.
DIBDIB has been proactive in creating partnerships and alliances at both the local and international level. The bank has established DIBDIB Pakistan Limited, a wholly owned subsidiary which has a network of 36 branches across 16 major cities in Pakistan. DIBDIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic BankDubai Islamic Bank
DIBDIB has won the respect of its peers around the world for many years, and its leading position has been reaffirmed by the 34 awards that it has won in 2008 and 24 accolades in 2009, across diversified areas, including retail, corporate and investment banking. The bank's most recent awards include "Best Islamic Bank in UAE" for the fifth consecutive year by Islamic Finance News, "Best Islamic Bank in UAE" by Asiamoney magazine, and "Best Islamic Finance Bank" by N-Y based Global Finance magazine.
For further information, please contact:
Nicholas Nesson/Gunjan Chaurasia/Tasneem Abdur-Rashid
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
E-mail: n.nesson@asdaa.com/g.chaurasia@asdaa.com/t.rashid@asdaa.com
© Press Release 2010
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