Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has entered into an agreement for an innovative new service with the Emirates Group (Emirates). Through this service, DIB will receive and accept electronic salary certificates of Emirates employees. The Memorandum of Understanding (MoU) was signed between Raju Buddhiraju, Chief of Consumer Banking, DIB and Hussain Shaikh, Vice President – HR Employee Services, the Emirates Group at a ceremony held recently.
The innovative electronic letter solution will significantly streamline the process of applying for personal banking products at DIB by Emirates employees. This environmentally-friendly initiative will resolve the need for DIB to conduct employer verification checks, reducing turnaround time and speeding up the application approval process.
Commenting on the initiative, Raju Buddhiraju, Chief of Consumer Banking, DIB said: “As one of the most innovative banks in the UAE, we have worked to deliver a leading suite of financial services that are designed to help our customers securely and efficiently meet their banking needs. This focus on diversifying our services is an essential component of our growth strategy and as a result, we are delighted to introduce this offering as part of our continually evolving electronic banking platform that will further enhance our ability to better serve our customers.”
The e-letter service will be available to all Emirates employees who apply for DIB’s personal, auto and home finance products.