KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) inaugurated its New Sabzi Mandi branch in Karachi on January 2.

The New Sabzi Mandi branch was inaugurated by Wamiq Rizvi, COO DIBPL. Naveed Malik, Distribution Head, DIBPL, and members of the New Sabzi Mandi Association were also present at the occasion.

Speaking on the occasion, COO DIBPL Wamiq Rizvi said “the inauguration of our branch at the New Sabzi Mandi Karachi shows Dubai Islamic Bank’s commitment to the long-term prosperity of Pakistan by opening more branches to spread Islamic Banking nationwide.”

“This new branch of DIB happens to be the only branch opened by any Islamic bank right in the middle of the New Sabzi Mandi Karachi, the largest wholesale market of fruits and vegetables in Asia. Besides, this new branch is also the only branch in New Sabzi Mandi offering bank transfer services to any bank operating across the country. This unique feature of DIB’s New Sabzi Mandi branch will help cater to a significant number of businessmen, traders and commercial customers in this crucial area,” Rizvi, COO DIBPL said.

DIBPL is a subsidiary of the Dubai Islamic Bank UAE, the world’s first Islamic Bank. DIBPL has an endeavour to provide innovative financial products and services to its customer to experience World Class Banking. The Bank enjoys a short-term credit rating of ‘A-1’ and long-term credit rating of ‘A’, indicating the bank’s robust position in the industry.—PR