The Islamic home finance facility of Dubai Islamic Bank (DIB) has so far attracted scores of applications worth Rs 5.5 billion. DIB deputy chief executive M A Mannan shared with the reporters the success of home financing and Islamic visa debit card. He said debit card has already acquired a customer base of 5000 card holders within a very short span of time, while Rs 300 million have been provided under home financing. Our remarkable performance speaks for two things a dedicated sales team and an outstanding product, Mannan said. He specifically highlighted the Shariah compliance of all products of DIB and said all the services were approved by the Bank s Shariah board and are at par with those provided by conventional banks. DIB is a subsidiary of the Dubai Islamic Group of UAE. Mannan noted that Pakistan banking sector has started attracting huge investment from the Middle East and Gulf after September 11, 2001.
