Dubai Islamic Bank launches Wajaha, exclusive wealth management service

Published December 17th, 2009 - 03:03 GMT

Dubai Islamic Bank (DIB) announced today the launch of Wajaha, a distinguished Wealth Management service for ultra high net worth individuals. Tailored to meet the distinct needs of the ultra high net worth clients, Wajaha is an invitation-only service that offers unparalleled advantages, from unique financial products to personal relationship managers, offered within a private setting in exclusive Wajaha Centres in Abu Dhabi, Dubai and Sharjah.

Wajaha Members are offered a range of personalised benefits including a specially designed Wajaha Infinite Debit Card, a diamond-studded Al Islami Infinite Credit Card offering high credit limits and an array of additional value-added services; as well as preferential financing terms through Wajaha Home and Auto Finance. In addition, Wajaha Members have access to the Wajaha Takaful Savings Programme, with the peace of mind that comes with secure, Sharia-compliant savings.
Wajaha account holders get free access to airport lounges in 600 airports worldwide, and can also benefit from an International Concierge Service, available 24 hours a day, seven days a week. Staffed by professional service advisors trained to meet the needs of Wajaha clients, the concierge service is available in more than 400 cities in 120 countries worldwide. Wajaha clients also enjoy specialised travel insurance, roadside assistance, exclusive travel offers and secure cash delivery/pick-up services.

"We are extremely pleased to announce the launch of Wajaha, the latest initiative of Dubai Islamic Bank, which has been carefully designed to meet the specific needs of our ultra high net worth customers," said Abdulla Al Hamli, Chief Executive Officer, Dubai Islamic Bank.

“The launch of this exclusive service is in line with the bank’s overall Retail Banking strategy, which examines each customer’s entire relationship with us, and offers solutions that best meets their needs,” he said.

"In this period of global financial uncertainty, wealth preservation has become even more important, underlining the criticality of sound financial advice and solid relationships” said Dr. Adnan Chilwan, Chief of Retail and Business Banking, Dubai Islamic Bank. “Wajaha has been designed to address all the priorities of ultra high net worth individuals in today’s fast-paced, global environment, based upon the safety and security of banking with Dubai Islamic Bank.”

"Our tailor-made Wajaha services include Islamic investment products that are carefully structured to offer competitive, secure returns and a range of flexible benefits," he added.

The launch of Wajaha has created an elite tier for ultra high net worth individuals, who are invited by the bank to enjoy the best products and services. Affluent clients enjoy the bank’s Al Islami Private Banking programme, while all other Dubai Islamic Bank clients participate in the bank’s award-winning retail banking programme, with an unrivaled suite of Islamic products and services.

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