Business | Banking

DIB to launch Emirates Leasing

Dubai Islamic Bank (DIB) is set to launch Emirates Leasing, its new wholly-owned subsidiary, to provide the region with a one-of-a-kind mobility solution, offering Sharia-compliant full-service vehicle leasing as well as fleet management services and sale and lease-back with a focus on cars and light commercial vehicles.

  • Staff Report
  • Published: 23:43 August 26, 2008
  • Gulf News

Dubai: Dubai Islamic Bank (DIB) is set to launch Emirates Leasing, its new wholly-owned subsidiary, to provide the region with a one-of-a-kind mobility solution, offering Sharia-compliant full-service vehicle leasing as well as fleet management services and sale and lease-back with a focus on cars and light commercial vehicles.

"Emirates Leasing will enter the UAE market with a strong commitment to quality and customer service, offering a wide variety of tailor-made products and services catering to fleet operating companies," the company said in a statement.

Emirates Leasing said it will offer a highly competitive alternative to the rental business targeting small to large companies, who wish to outsource and improve their fleet operation, ensuring that they only pay for what they actually use.

"Emirates Leasing aims at satisfying mobility requirements, at minimising fleet costs and at improving mobility efficiency of its customers," it said.

The leasing concept will be supported by a comprehensive IT-System, providing the most cost effective solution with a saving potential of up to 35 per cent per annum compared to existing offers in the market.

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