21.05.2010 - Dubai Islamic Bank introduces Al Islami Salam Finance
Dubai Islamic Bank, or DIB, has launched Al Islami Salam Finance, a new product that offers liquidity through personal financing to DIB customers. According to DIB, with low salary requirements, minimal documentation and rapid processing, Al Islami Salam Finance is the latest Sharia-compliant product which offers a personal, business and corporate finance solutions. The product is based on the Islamic financing structure of Salam, which is a sale contract whereby the Bank pays the cash price in advance, and the customer agrees to deliver goods with certain specifications and quantity on agreed future dates............................................Full Press Release: Source
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