Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced the launch of Emirati Family Banking services. Designed to allow individuals to bring multiple family members under a joint plan, the Emirati Family Banking service is available to both new and existing customers.
One of the primary benefits is that the accounts of all members will be upgraded to the same level as that of the highest designated account holder in the family. As a result, family members may enjoy a whole range of new privileges and benefits by qualifying for an upgraded account.
Mohammed Al Nahdi, Deputy Chief Executive Officer at DIB said: “There is a real need for this solution that is unmatched by the market in order to allow Emirati families to bank together. Also, DIB recognises the substantial contribution that these families make in terms of building a prosperous economic environment that spurs further growth. As such, the bank is determined to have them rewarded for their banking experience with DIB through a host of unique benefits. Moving forward, we will continue to extend our financial counsel and support to allow Emirati customers to enjoy our high level of product and service excellence.”
Sanjay Malhotra, Chief of Consumer Banking at DIB, said: “As one of the most innovative banks in the market today, we are constantly looking for ways to deliver significant value for our customers. One of the areas where we have seen growing demand is for a multifaceted service offering that allows families to bank together as a combined relationship. With this in mind, we believe that we have created a relationship-based solution that not only meets, but exceeds, customers’ expectations by delivering a range of unique privileges for them.”
DIB has one of the largest retail bases in the UAE with over 1.5 million customers and 90 branches across the country.