PSME and Dubai Islamic Bank collaborate to offer financing for automotive solutions in the UAE

Introduction:


Owning a Porsche in the United Arab Emirates has become more accessible than ever before, thanks to a strategic partnership between Porsche Services Middle East & Africa (PSME) and Dubai Islamic Bank (DIB). This collaboration offers customers fully Shari’a compliant financing options, making the Porsche ownership experience seamless and tailored to their values.

Shari’a Compliant Financing with DIB:


Through Dubai Islamic Bank, customers can now engage in a fully Shari’a compliant process when purchasing a Porsche. The Islamic ‘Murabaha’ model of financing ensures that every step of the journey, from start to finish, adheres to the principles of Islam. This partnership reflects a commitment to providing innovative and flexible financing solutions tailored specifically for the UAE market.

Enhanced Benefits for Customers:


The collaboration between PSME and DIB not only broadens the options available for Porsche ownership but also includes all brands under the Volkswagen Group. This partnership aims to optimize the customer experience by providing a wider range of financing solutions that cater to the discerning demands of luxury car buyers in the UAE.

Commitment to Customer Experience:


David Picandet, Managing Director of Porsche Services Middle East & Africa, expressed excitement about the partnership with Dubai Islamic Bank, highlighting the commitment to enhancing the ownership experience for Porsche owners. This strategic alliance aims to offer value-added services that align with customers’ values and provide a luxury driving experience that goes beyond just owning a Porsche.

Expanding Access to Shari’a-Compliant Financing:


Sanjay Malhotra, Chief Consumer Banking Officer at Dubai Islamic Bank, emphasized that the partnership with PSME marks a significant step forward in expanding access to Shari’a-compliant automotive financing in the UAE. By collaborating with Porsche Services, DIB aims to broaden the horizons of ownership and ensure that customers can enjoy a luxury driving experience with financing solutions that align with their values.

Conclusion:


The partnership between Porsche Services Middle East & Africa and Dubai Islamic Bank represents a significant milestone in making Porsche ownership more accessible and tailored to the values of customers in the UAE. By offering fully Shari’a compliant financing options and enhancing the overall customer experience, this collaboration sets a new standard for luxury car ownership in the region.

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