Islamic Bank of Dubai to offer DIB Trade Club membership and Trade Club Alliance access to businesses and SMEs
Dubai: Dubai Islamic Bank (DIB), the largest Islamic bank in the United Arab Emirates and the world’s leading Islamic finance power, today announced its intention to offer its clients membership in the Trade Club Alliance ( TCA) – an innovative international digital business networking platform, providing businesses and SMEs with a wealth of relevant business expertise and the ability to connect with trusted partners across the globe.
The Trade Club Alliance, led by the Santander Group and currently extended to a global network of 15 banks, aims to improve connectivity between importers and exporters, simplifying international trade.
The Business Portal, on the other hand, complements the former, with an online knowledge base providing customers with business data and other relevant data from several hundred trusted sources. The portal, which aims to improve business efficiency, includes 5 modules or tools, including country profile, market information, counterparty information, trade compliance and custom calculators. DIB can extend the portals to its existing or potential clients while establishing strategic relationships with a network of global banks.
DIB believes this move will open up exciting new avenues for existing and potential customers to generate new leads and opportunities and facilitate business expansion into other markets.
Commenting on the announcement, Dr Adnan Chilwan, Group Managing Director at Dubai Islamic Bank, said: “DIB is proud to have helped businesses in the region succeed and our commitment to supporting economic growth in the United Arab Emirates. remains an essential element of our strategy. In this context, we have joined TCA as an exclusive partner in the United Arab Emirates to offer enhanced business solutions to our corporate and SME clients. This global program will not only allow companies to identify trusted partners in other geographies for business, but will also allow them to seek financial services advice from any of the alliance’s 15 current banking communities. , ready to expand even further in other markets. The introduction of this new platform to the market is expected to improve growth opportunities for UAE-based international business oriented companies.
“Access to a one-stop-shop of business resources allows customers to discover global opportunities, receive personalized correspondence for their products or services, and exchange international trade information with over 21,000 other members.”
Membership complements DIB’s cutting-edge digitization strategy, delivering unique services and features to DIB’s business customers through end-to-end global business support from partner banks. TCA membership is expected to
increase DIB trading volumes, deepen relationships with existing customers and attract new ones.
Start exploring now, visit www.dibtrade.ae
About Islamic Bank of Dubai:
Founded in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE in terms of assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full-service Islamic bank and the world’s second-largest Islamic bank. With Group assets of over $ 80 billion and a market capitalization of nearly $ 10 billion, the Group operates with a workforce of over 10,000 employees and approximately 500 branches in its extensive global network across the Middle East, Asia and Africa. Serving more than 3 million clients across the Group, DIB offers a growing range of innovative Sharia-compliant products and services to individuals, businesses and institutional clients.
In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Sharia-compliant financial services in a number of markets around the world. The bank established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer priority and platinum banking services, as well as the largest and most innovative portfolio of alternative distribution channels. The launch of Panin Dubai Syariah Bank in Indonesia in early 2017 marks DIB’s first foray into the Far East, with the bank holding an almost 25% stake in the Indonesian bank. Additionally, in May 2017, Dubai Islamic Bank PJSC obtained the license from the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB was designated D-SIB (Domestic Systemically Important Bank) in 2018 in the United Arab Emirates. . In early 2020, DIB finalized the acquisition of Noor Bank, which strengthens its position as a leading bank in the global Islamic finance sector.
The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking around the world. DIB has won a series of accolades that testify to these efforts in a variety of fields, including retail banking, investment and investment banking, as well as CSR and advisory services. DIB has been named Best Islamic Bank at various prestigious ceremonies and recognized for its outstanding performance among Islamic banks around the world, making it a clear indication of the bank’s leading position in Islamic finance industry.
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© Press release 2021