Dubai Islamic Bank PJSC (“DIB”), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world, is pleased to announce the launch of Islamic auto financing with a fully digital application process for Tesla customers in the UAE. This collaboration reaffirms DIB’s commitment to promote green financing solutions and to simplify the transition to electric vehicles in the UAE, as an auto finance market leader and in line with its corporate sustainable strategy, while also offering the best digital process and compelling rates to Tesla buyers.
DIB's fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience. Directly integrated in to Tesla’s online ordering process, this will be a convenient and user-friendly option for Tesla buyers who are looking for a financing solution that aligns with their values.
Commenting on the partnership, Sanjay Malhotra, Chief Consumer Banking Officer at Dubai Islamic Bank said: “We are honored to join hands with Tesla to offer unique Islamic financing options to potential customers. Being a leader in the UAE’s auto finance market, we aim to make it simpler for future Tesla buyers to access affordable financing options that offers a seamless digital process at competitive rates.”
With the launch of a digital Islamic financing experience for Tesla customers, DIB is leading the way in offering ethical and sustainable financing options for customers in the UAE. To learn more and start the application process, all interested Tesla buyers are invited to visit Tesla’s website. The program is available for all Tesla vehicles.
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