Dubai Islamic Bank Offers Auto Finance At Profit Rates Starting From 4.50 Per Cent

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced that it is offering auto finance at profit rates starting from just 4.50 per cent p.a. Al Islami Auto Finance is available for up to 72 months, with a minimum monthly salary requirement of AED 3,000. No down payment or salary transfer is required to avail of this offer, which covers both new and pre-owned vehicles.

This attractive financing demonstrates the bank’s generally positive outlook as well as its strong liquidity position, and is in line with its expansion plans announced earlier this year. By the end of this year, DIB will open 10 new branches, expanding its nationwide network to 64 branches, further strengthening its presence across the UAE, while also offering an overall enhanced customer experience.

“As the provider of auto finance for one in every three cars financed in the UAE, Al Islami Auto Finance has long been the leading solution of choice for consumers here,” said Dr. Adnan Chilwan, Chief of Retail and Business Banking, DIB. “In today’s highly competitive market, the bank has recognised the need for flexible auto finance options – which is why we are very pleased to announce this extremely attractive offer that provides a host of valuable benefits.”

DIB has the country’s largest team of qualified auto finance professionals, many of whom are available directly at dealer locations. The bank offers an unmatched range of Sharia-compliant auto financing solutions – along with value-added services such as insurance finance and service contract finance – at extremely competitive profit rates, catering to a broad cross-section of the UAE population.

Dubai Votes Dubai 92 Best Radio Station

Arabian Radio Network (ARN), one of the largest radio networks in the GCC and a member of Arab Media Group (AMG), today announced Dubai 92 has earned the coveted distinction of the Dubai’s ’Best Radio Station’ following a month of public online voting for the Best in Dubai Awards 2009.The oldest English FM frequency in the GCC, Dubai 92 received the emphatic public endorsement from 30,000 voters. Mahmoud Al Rasheed, General Manager of ARN, said: "A huge thank-you and congratulations to the entire team at Dubai 92 for coming out with top honors at the Best in Dubai 2009 Awards. It is great to see this team’s passion, dedication and commitment rewarded in such a way.""Dubai is a very competitive market," commented Steve Smith, Chief Operating Officer of ARN. "To have had so many nominations (City 1016, Dubai Eye 103.8, Virgin Radio Dubai 104.4 and Dubai 92) is not only a singular achievement but also bears testament to the round-the-clock hard work that is put in by our specialized teams at ARN" he added.Brought under the ARN umbrella in 2004, Dubai 92 features world class programming and presenters such as Catboy and Geordiebird in the Breakfast Show and Sarah Kilalea on Dubai Drive.Steve Pulley, Head of ARN English Programming, stressed that "The success of our programming is due to the fact that we cater to a diverse audience and that we are constantly asking our listeners what they want to hear, what they are interested in and what we can do to make this radio station Dubai’s number one station across the board."The region’s fastest growing radio network and communications service, the ARN group comprises Arabic stations Al Arabiya, Al Khaleejiya, and Noor Dubai; English frequencies Virgin Radio, Dubai Eye, and Dubai 92; and City 101.6 and HIT 96.7, broadcasting in the Hindi and Malayalam languages, respectively.