Dubai Islamic Bank kicks off Al Islami Festival

Press release

Published April 24th, 2011 - 06:29 GMT

This year’s festival will see DIB provide customers with many value-packed promotional campaigns

Dubai Islamic Bank (DIB) kicked off a season of promotions and prizes with the launch of the Al Islami Festival. This year’s festival will see DIB provide customers with value-packed promotional campaigns including low car and personal finance profit rates, special offers on credit cards and free gifts/vouchers with account and Takaful products. The Al Islami Festival will run from April 24 - June 20, 2011.

“Dubai Islamic Bank has always believed in offering great value to its customers combined with a great product experience. With the exciting array of promotions and prizes available during Al Islami Festival, customers can really enjoy the better way to bank which DIB represents,” said Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer and Wholesale Banking, Dubai Islamic Bank.

During the Festival, DIB will offer Al Islami Auto Finance from only 3.49 per cent per annum profit rate. Any customer who takes advantage of the broad array of Al Islami Personal Finance solutions will receive attractive profit rates starting at only 7.99 per cent per annum. Additionally, customers applying for an Al Islami Credit Card (Classic/Gold/Gold Premium/Platinum/Platinum Plus) will be able to get up to AED 1500 worth of value as Wala’a Dirhams.

Also, as part of the festival, DIB will offer an AED 200 shopping voucher to customers who take out the Al Islami Takaful Nama’ policy - a robust savings and investment plan with protection, while Al Islami Takaful Riayati, which offers protection to families against accidental death or disability, will come with a free gift.

With three new accounts offering a free gift upon opening, the Al Islami Festival has something for everyone. The Al Islami Current Account Plus is an account with no minimum balance requirement, the Al Islami 2-in-1 Account offers a cheque book and profit in one account, while the Al Islami E-Savings Account features an online savings account that offers higher profit rates.

Background Information

Dubai Islamic Bank

Since its formation in 1975 as the world’s first full-service Islamic bank, Dubai Islamic Bank has established itself as the undisputed leader in its field, setting the standards for others to follow as the trend towards Islamic banking gathers momentum in the Arab world and internationally.