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Dubai: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has entered into a partnership with Dubai Electricity and Water Authority (DEWA) to offer exclusive auto finance deals for electric vehicles within the DEWA Store on DEWA’s smart app. DEWA Store provides exclusive offers and discounts to DEWA’s customers in cooperation with a number of government and private sector companies. It is the first of its kind for government departments in the UAE. DEWA Store users can benefit from DIB’s unique auto finance offer aimed exclusively at individuals who want to purchase electric vehicles. This auto finance offer, with its preferential profit rate, aims to encourage customers to buy environmentally-friendly electric vehicles. This supports the UAE Vision 2021, which focuses on sustainable development and protecting the environment to improve the overall quality of life.
"We are pleased to have Dubai Islamic Bank join the companies that offer exclusive offers and discounts to DEWA’s customers through DEWA Store, which is part of DEWA’s smart app. Providing this exclusive offer to finance electric vehicles through Dubai Islamic Bank, encourages DEWA’s customers to buy electric vehicles; supporting sustainability, which is very important for DEWA. DEWA has installed 200 electric-vehicle charging stations across Dubai as part of the Green Charger initiative, to support the Smart Dubai initiative to make Dubai the smartest and happiest city in the world. DEWA provides free electric-vehicle charging for customers registered in the Green Charger initiative until the end of 2019,” said Marwan Bin Haider, Executive Vice President of Innovation and The Future at DEWA.
Nasser Al Awadhi, Chief of Consumer Banking at Dubai Islamic Bank, said: “We are proud to be an environmentally-conscious organisation focused on pursuing eco-friendly initiatives. Embracing sustainable banking practices embodies our commitment not only to enhance customer experience, but also support CSR and sustainability simultaneously. As a leading organisation in the country, we welcome the opportunity to collaborate with DEWA to enhance the range of services they provide in a green manner”.
Dubai Islamic Bank’s partnership with DEWA is part of its efforts to focus on establishing sustainable banking practices, while it strives to provide the most appropriate products and offerings combined with the best experience for its growing customer base.
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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 second largest Islamic bank in the world. The Bank currently operates around 70 branches and more than 550 ATMs 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 1.9 million customers, DIB offers its growing consumer base an increasing range of innovative Sharia compliant products and services.
In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shari’ah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, as well as the most extensive and innovative portfolio of Alternate Distribution Channels. The launch of Panin Dubai Syariah Bank in Indonesia early in 2017 marks DIB’s first foray in the Far East, the bank owns a nearly 40% stake in the Indonesian bank. Additionally, in May 2017, Dubai Islamic Bank PJSC was given the license by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd.
The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking 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. A clear indication of the bank’s leadership position in the Islamic finance sector, DIB has been named the Best Islamic Bank in the various prestigious ceremonies. Recognizing its outstanding performance amongst the world’s Islamic retail banks, the bank was recently named as the “Strongest Islamic Bank in the World” during the Islamic Retail Banking Awards 2018. Reflective of its leadership in the global Islamic finance industry, DIB has also been recognized with a number of accolades including Banker Middle East Awards, Dubai Service Excellence Scheme, Global Finance, The Banker and Islamic Finance News Awards.
For more information, please visit us at www.dib.ae
For more PR information, please contact:
Dubai Islamic Bank
Kashif Moosa
Head of Investor Relations
Direct: +971.4.2075454
Email: kmoosa@dib.ae
Weber Shandwick
David Ross
Senior Account Director
Direct: +971.4.445 4254
Email: DRoss@webershandwick.com
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