Dubai Islamic Bank launches three new account options

Dubai, June 28, 2010: In line with its commitment to offering pioneering Sharia-compliant products and services to its customers, Dubai Islamic Bank (DIB) announced today the launch of three new account variants to its product portfolio. Tailored to meet the needs of different customer segments, the new accounts – Al Islami 2-in-1 Account, Al Islami Current Account Plus and Al Islami E-Savings Account – represent the bank’s latest addition to its diverse product range.

Dubai Islamic Bank launches three new account options

“Having a customer base of almost a million customers is a source of pride for DIB but presents its own challenges. It means that we need to cater to extremely varied needs of customers representing over 170 nationalities. The launch of these new retail products indicates our focus on fulfilling these customer needs and providing innovative products and services to them,” said Dr. Adnan Chilwan, Chief of Retail and Business Banking,DIB

. “We are committed to broadening our product range and to offer compelling value to our customers combined with a great product experience.”

The Al Islami 2-in-1 Account offers the convenience of cheque book and profits in one account, with attractive profit rates that are credited on a quarterly basis. The account also comes with a free Al Islami Debit Card with daily cash withdrawal limit of AED 7,000, in addition to numerous other value added features.

Al Islami Current Account Plus is offered to salaried customers and provides a Current account with the additional benefits of no minimum balance requirement and Al Islami Salary-in-Advance facility, all for a fixed monthly fee.

The Al Islami E-Savings Account has been launched in response to the increased demand for a savings account that can be managed completely online and comes with a low opening balance requirement of AED 1000 only. Customers can earn higher profit rates with this account.

“Innovation remains a key focus at DIB. As part of our 2010 retail strategy, we will continue offering the best and most innovative Sharia-compliant banking solutions to all our customers,” added Dr. Chilwan. ”