| 05 March, 2018

Emirates Islamic Bank supports Rental Disputes Center initiatives

Initiatives fall under 'Yad Al Khair Committee' in alignment with 'Year of Zayed 2018'

Emirates Islamic Bank supports Rental Disputes Center initiatives

Dubai, United Arab Emirates: In line with the ‘Year of Zayed 2018’ initiative launched by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the Rental Disputes Center (RDC) — the judicial arm of Dubai Land Department (DLD) — has received a generous donation of AED 500,000 from Emirates Islamic Bank to support insolvent tenants in rental claims disputes. The RDC has already set up the committee ‘Yad Al Khair [Hand of Giving] Committee’ to study the cases that require support from the donation.

Judge Abdulqader Mousa, Director of the RDC, commented: “We would like to thank Emirates Islamic Bank for this noble humanitarian initiative, which will help us to achieve more stable relations between landlords and tenants, thereby sustaining Dubai’s attractive real estate environment.”

Mousa added: “We will use the donation to pay the dues in difficult cases, reflecting the charitable and humanitarian aspect of our operations. The RDC has assigned a specialised committee to study the families’ situations and identify their circumstances. In 2017, we received many similar donations that are in line with the spirit of the ‘Year of Zayed’ in the UAE.”

Commenting on the contribution, Awatif Al Harmoodi — General Manager of Operational Quality & Processes at Emirates Islamic Bank — said: “As one of the leading Islamic financial institutions in the UAE, we at Emirates Islamic Bank are fully committed to supporting the ‘Year of Zayed 2018’ initiative launched by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE. We focus on a range of programmes and events that are designed to provide support and assistance to eligible groups in the UAE community in line with our corporate social responsibility, charity and humanitarian policy.”

Al Harmoudi added: “We are proud to lend a helping hand to various segments of beneficiaries in the UAE community. Our partnerships with these institutions are aligned with the objectives of the ‘Year of Zayed 2018’ initiative, as they are designed to reach as many of these segments as possible.”

Al Harmoudi concluded: “Our cooperation with the RDC is part of our ongoing series of agreements and community partnerships, which have been a focus in previous years and remain so this year. Emirates Islamic Bank is keen to expand its corporate social responsibility strategy to cover all segments of the UAE, and we will continue to cooperate with the RDC in Dubai to further this endeavour.”


About Dubai Land Department:

Dubai Land Department (DLD) was found in May 1960 to establish the most prominent real estate sector in the Middle East and in the world.

DLD provides outstanding services to all its customers whilst developing the necessary legislation to propel the real estate sector in Dubai, organizing and promoting real estate investment, and spreading industry knowledge. DLD seeks regional and worldwide innovation in real estate with the aid of its active organizations that include: Real Estate Regulatory Agency, the regulatory arm, Real Estate Investment Management & Promotion Center, the investment arm, Dubai Real Estate Institute, the educational arm, and Rental Dispute Center, the judicial arm.

© Press Release 2018