Dubai Islamic Bank recognises Al Masaood Automobiles

23 Jan 2020

An icon of the automotive industry in the United Arab Emirates, Al Masaood Automobiles, has been given a new accolade from Dubai Islamic Bank, being named as a distinguished partner that has made a major contribution to its auto finance business.

This is the first time in the 40 years of Dubai Islamic Bank’s Auto Finance that the award has been given to a UAE car dealer.

Dubai Islamic Bank’s VP-head of auto finance product Fahd Nait Ali presented the award to Al Masaood Automobiles’ head of finance and insurance Declan McLaughlin, with management representatives from both companies present.

Customer service has long been a priority for Al Masaood Automobiles, and the company has stayed true to its mission statement of connecting customers and employees on the journey to the future of mobility with the facilitation of convenient auto financing.

The firm began collaborating with Dubai Islamic Bank two years ago in 2018, with the partnership calling for synergy by offering superb customer service and highly competitive funding packages.

The collaboration also meant that customers were presented with car financing solutions that could meet a variety of needs while being Shariah-compliant, and thus offering a seamless journey to car ownership.

Al Masaood Automobiles’ CEO Irfan Tansel says that the company is proud to be the first car dealer that Dubai Islamic Bank has recognised, with the partnership resulting in many successful deals over the course of the last two years.

The recognition also highlights the exemplary customer service offered by Al Masaood Automobiles in the challenging market conditions of the current world, Tansel adds.

The partnership between the two companies ensures that customers receive reliable, simple and extremely valuable auto finance options to help with their journey to car ownership.

Tansel thanked Dubai Islamic Bank for honouring their partnership, adding that he believed that the alliance was crucial for both entities to be able to deliver great business.

Al Masaood Automobiles is committed to maintaining its strong auto finance ties with Dubai Islamic Bank via the keenness and dedication of its team to provide the highest service standards and exploring new cooperation methods to boost mutual expansion.

Dubai Islamic Bank’s chief of consumer banking Nasser Abdulla Al Awadhi says that the company welcomes the chance to show that it can play an important role in growing the economy of the UAE.

Dubai Islamic Bank is one of the country’s biggest auto finance providers, and is the market leader in regard to providing the most desirable solutions, according to Al Awadhi.

The bank shares similar values as Al Masaood Automobiles in regard to a commitment to excellent customer service and a focus on long-term business strategies to find new methods of enhancing and improving the experience of customers.

Al Awadhi says that the company is looking forward to seeing the successful partnership expand still further in the future.

Anyone driving a motor vehicle in the UAE is under a legal obligation to be covered by at least a basic form of third-party car insurance.