Dubai Islamic Bank (DIB) has announced the opening of its first exclusive ladies banking branch in Sharjah. The branch, which is located in Al Ghubaiba district in Sharjah, is DIB’s third Johara branch in the UAE, after the inauguration of Al Khalida Johara branch in Abu Dhabi, and Jumeirah Johara branch in Dubai.
The new branch is expected to meet the increasing demand for an exclusive ladies bank in Sharjah and would offer innovative and flexible financial services for women.
Al Johara customers in Sharjah are now afforded the privilege of conducting their financial transactions in complete privacy and comfort in a professional environment devoted to meet the customers’ financial needs and requirements.
Mohammad Al Ameery, DIB’s Senior Vice President and head of branches, said: “The opening of Johara’s third branch in Al Ghubaiba reflects the bank’s support for initiatives that boost the role of women in the development of UAE’s economy.”
The new branch is fully managed and administered by the most qualified UAE female financial professionals. The branch is specialised in providing financial solution for women and is expected to fulfil the growing demand for DIB’s products and services across the UAE.
Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices. DIB is a public joint stock company and its share is quoted on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. In a very short space of time it has created market leading services and products that are setting benchmarks for the rest of the sector.
The bank’s recent financial results confirm the strength of its balance sheet and profitability. Figures for the year ending December 2004 reported a 36 per cent increase in net profits including depositors’ profits, to reach AED 1.02 billion (US$278 million) compared to AED 751 million (US$205 million) for 2003. The bank’s assets at the end of December last year had grown 35 per cent in the same period to AED 30.8 billion (US$8.3 billion), against AED 22.8 billion (US$6.2 billion) for the equivalent year previously.
© 2005 Mena Report (www.menareport.com)
