Al Masaood Automobiles First Ever Car Dealer to Be Recognized by Dubai Islamic Bank

Press release
Published January 21st, 2020 - 09:41 GMT
Al Masaood Automobiles First Ever Car Dealer to Be Recognized by Dubai Islamic Bank
During the event
Al Masaood Automobiles, an icon of the UAE’s automotive industry, has received its latest accolade from Dubai Islamic Bank

Al Masaood Automobiles, an icon of the UAE’s automotive industry, has received its latest accolade from Dubai Islamic Bank (DIB) as one of its distinguished partners to have made significant contribution to the bank’s auto finance business.  Al Masaood Automobiles is the first ever car dealer in the UAE to have received the award in the 40-year history of Auto Finance in Dubai Islamic Bank. The Award was presented by Mr. Fahd Nait Ali, VP – Head of Auto Finance Product at DIB, and received by Mr. Declan McLaughlin, Head of Finance and Insurance at Al Masaood Automobiles, in the presence of management representatives from both entities.

Al Masaood Automobiles has continually placed customer-centric service as a priority, and by facilitating convenient auto financing, it is staying true to its mission of ‘Connecting Employees and Customers on Our Journey into the Future of Mobility’. The company had started its collaboration with Dubai Islamic Bank in the year 2018, whereby the partnership calls for synergies in offering competitive funding packages and outstanding Customer service. This collaboration also presents customers with Shariah-compliant car financing solutions to suit their diverse needs, and hence providing a seamless car ownership journey.

Upon receiving the recognition, Irfan Tansel, CEO of Al Masaood Automobiles commented: “We are proud to be the first dealer ever recognized by Dubai Islamic Bank, as our partnership has bred a number of successful deals throughout the past 2 years. This recognition also highlights how we, at Al Masaood Automobiles, always go out of our way to best serve our customers, especially in today’s rather challenging market conditions. Through our collaboration with Dubai Islamic Bank we ensure that our customers get highly valuable, simple and reliable auto finance options to facilitate their car purchase journey. We thank DIB for honoring our strong-standing partnership in the industry, as we truly believe that our alliance is essential to delivering great business to both entities. We are committed to maintain our strong auto finance ties with DIB through the constant dedication and keenness of the Al Masaood Automobiles’ team to offer the highest standards of service, and look forward to explore new areas of cooperation to boost mutual business growth and expansion.”

Nasser Abdulla Al Awadhi, Chief of Consumer Banking at Dubai Islamic Bank, said; “We welcome this opportunity that truly acknowledges Dubai Islamic Bank’s ability to play a central role in the growing economy of the UAE. Being one of the largest auto finance providers in the country, we remain the market leader in offering the best-desired solutions. Al Masaood Automobiles enjoys a long-standing commitment to service excellence and we share similar values, as we both focus on delivering long-term business strategies that constantly challenge the status quo and champion new ways to improve and enhance the customer experience. With this in mind, we look forward to expanding our successful partnership in the future.”

Al Masaood Automobiles, the authorized distributor of Nissan, INFINITI and Renault in Abu Dhabi, Al Ain and the Western Region for 36 years, is widely recognized as an authoritative industry partner in the automotive sector not only in the UAE but also across the region and the world. It has a strong track record for exemplary performance in sales and customer experiences and has received numerous regional and global awards for its pioneering and innovative efforts in delivering superior services to customers.

Background Information

Al Masaood Group

Al Masaood is a privately held and highly diversified Group, based in Abu Dhabi. Its companies and partnerships span activities and expertise in 18 different market segments. Its primary goal is growth through a deep understanding of its marketplace, the quality of its products and services and an uncompromising quest for customer satisfaction.

From its early foundations as a small trading house some 50 years ago, Al Masaood has become one of the largest integrated industrial, commercial and service organisations in the Middle East. The Al Masaood Company holds Abu Dhabi Chamber of Commerce registration number one.

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