The credit card will give customers access to flydubai's OPEN rewards and benefits

As part of the program, three types of credit cards will be introduced to cater to different customers

Partnership is in line with DIB's efforts to provide innovative, value added solutions to its customers

Dubai, UAE; November 23, 2016

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today the launch of its credit card in partnership with Dubai-based flydubai. The credit card will enable customers to enrol in OPEN, a newly launched rewards programme from flydubai. By joining the programme, customers will earn OPEN reward points every time they use their DIB flydubai Credit Card for local and international purchases.

To cater to different customers, three types of credit cards have been launched, namely the Classic, the Platinum and the Signature Credit Card. Based on the card they choose, customers will be able to earn OPEN reward points on domestic and international retail purchases, as well as earn additional reward points on spends with flydubai. In addition to accumulating OPEN reward points, customers can also enjoy a range of benefits, including discounts across select retailers in the UAE, lounge access and travel privileges.

Dr Adnan Chilwan, Group CEO at Dubai Islamic Bank commented on the Bank’s new card launch: “We are delighted to have this exclusive partnership with flydubai. This unique range of credit cards cater to an extremely diverse audience in the UAE who travel frequently for business and pleasure. Critically, DIB’s own 1.7m customer base provides us with excellent insights into the growing needs of regional travellers. So, it was a natural step for us to partner with flydubai and introduce a card that is innovative and convenient to use.”

Commenting on the launch of the credit card in partnership with Dubai Islamic Bank, Ghaith Al Ghaith, CEO of flydubai said: “flydubai has been committed to developing product offerings to enhance the experience of customers, most recently  launching our new rewards programme called OPEN. Through our partnership with Dubai Islamic Bank, we welcome this co-branded credit card as a way to make the travel experience with flydubai even more rewarding for our passengers.”

 OPEN, rewards by flydubai, is the new rewards programme of flydubai. It’s called OPEN because it’s simple and straightforward. Members can earn reward points with every flight and then use those points to pay for flights and upgrades any day of the year as there are no blackout dates, and because no minimum balance of points is required, members can also pay for flights with a mix of cash and points.

“DIB’s product development and innovation is focused on a growing segment of consumers who are seeking financial products that are not only convenient and accessible but also compliment their busy lifestyles. Given that air travel in the emirates has grown more than 13% year on year over the last 5 years, DIB flydubai credit card holders will be uniquely placed to capitalise on their spend and access a variety of benefits aimed squarely at enhancing their overall travel experience,” concluded Dr Chilwan.

To apply for a DIB flydubai Credit Card, visit www.dib.ae , call +971 4 609 2222 or visit any Dubai Islamic Bank branch in the UAE. Alternatively, you can SMS FD to 4224.

-Ends-

About Dubai Islamic Bank: 
Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full service Islamic bank and the fourth largest Islamic bank in the world. The Bank currently operates 90 branches across the UAE, is present in seven markets worldwide and is expanding its global footprint to further grow and develop the industry. Serving close to 1.7 million customers, DIB offers its growing consumer base an increasing range of innovative Sharia compliant products and services.

DIB has been proactive in creating partnerships and alliances at both the local and international level. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which has a network of more than 243 branches across 62 major cities in Pakistan. DIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic Bank, and in 2015, it received regulatory approval to increase its shareholding in PT Bank Panin Syariah in Indonesia to 40 percent.

Embarking on a newly established growth agenda in 2014, the Bank has been a leading performer in the UAE financial sector over the last three years with record breaking performance despite volatile market conditions. The massive growth has seen DIB’s market share cross over 6%, the financing book nearly doubling and deposits growing by over 50% during the same period. Even more impressive is the more than 100% growth in profits in the last three years as DIB joined the exclusive USD 1 bln profit club in the country.

The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking for businesses and consumers worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. Consequently, DIB has been recognized as “Best Islamic Bank in the UAE" at the 2016 World Finance – Islamic Finance Awards, “Strongest Islamic Retail Bank in the GCC” at the 2015 Islamic Retail Banking Awards, Best Islamic Financial Institution for Large Corporates and Best Trade Finance Provider at Global Finance - The World’s Best Islamic Financial Institutions 2016.

For more information, please visit us at www.dib.ae .
Please follow us on DIB’s social channels:
https://www.facebook.com/dib.uae/
https://www.youtube.com/user/DubaiIslamicBank
https://twitter.com/DIBtoday
https://www.linkedin.com/company/dubai-islamic-bank
https://www.instagram.com/dubai_islamic_bank/

For more PR information, please contact:
Dubai Islamic Bank     
Jawaher Juma Al Shamsi    
AVP – Head of Corporate Communication & PR       
Direct: +971 4 207 5314        
Email: jawaher.alshamsi@dib.ae                                              

Weber Shandwick
Grace Wittenberg
Senior Account Manager
Direct: +971 4 445 4254
Email:GWittenberg@webershandwick.com

About flydubai:
Dubai-based flydubai strives to remove barriers to travel and enhance connectivity between different cultures across its ever-expanding network. Since launching its operations in 2009, flydubai has:

·         Created a network of 90 destinations in 44 countries, with 19 new routes launched in 2015.

·         Opened up 59 routes that did not previously have direct air links to Dubai or were not served by a UAE national carrier from Dubai.

·         Operates a single fleet type of 54 Next-Generation Boeing 737-800 aircraft and will take delivery of more than 100 aircraft by the end of 2023.

In addition, flydubai’s agility and flexibility as a young airline has enhanced Dubai’s economic development, in line with the Government of Dubai’s vision, by creating trade and tourism flows in previously underserved markets.

For more information about flydubai services, please visit www.flydubai.com  .

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For media enquires please contact the flydubai Press Office or call 600 520 050

© Press Release 2016