Dubai Islamic Bank (DIB) has launched Wajaha, a wealth management service, to meet the needs of ultra high net worth clients. Wajaha is an invitation-only service and offers financial products to personal relationship managers, within a private setting in exclusive Wajaha centres in Abu Dhabi, Dubai and Sharjah.
Wajaha members will be offered a range of personalised benefits including a specially designed Wajaha infinite debit card, a diamond-studded Al Islami infinite credit card offering high credit limits and preferential financing terms through Wajaha home and auto finance. In addition, Wajaha members will have access to the Sharia-compliant savings Wajaha Takaful savings programme.
Some of the benefits for Wajaha account holders include free access to airport lounges in 600 airports worldwide, professional service advisors, travel insurance, roadside assistance, travel offers, secure cash delivery/pick-up services and International Concierge Service.
Abdulla Al Hamli, CEO of Dubai Islamic Bank, said: “We are extremely pleased to announce the launch of Wajaha, the latest initiative of Dubai Islamic Bank, which has been carefully designed to meet the specific needs of our ultra high net worth customers. The launch of this exclusive service is in line with the bank’s overall retail banking strategy, which examines each customer’s entire relationship with us, and offers solutions that best meets their needs.
Adnan Chilwan, chief of retail and business banking at Dubai Islamic Bank, said: “Wajaha has been designed to address all the priorities of ultra high net worth individuals in today’s fast-paced, global environment, based upon the safety and security of banking with Dubai Islamic Bank. Our tailor-made Wajaha services include Islamic investment products that are carefully structured to offer competitive, secure returns and a range of flexible benefits.”
