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Sustainable development

Dubai Islamic Bank Launches Sustainable Home Finance Program "Nest"

Strategic Insights

— 1 min read

Dubai Islamic Bank (DIB) has announced the launch of 'Nest', a sustainable home finance program designed to make eco-friendly living accessible to families across the UAE. The program offers financial products tailored to empower customers to invest in green homes, as well as ancillary finance for solar panels and sustainable construction materials. DIB aims to showcase its leadership in digital innovation, customer experience, and environmental responsibility. Sanjay Malhotra, Chief Consumer Banking Officer at DIB, emphasizes the importance of sustainability and environmental stewardship. The program provides paperless pre-approvals and digital contracts to reduce the carbon footprint.

Key Takeaways:

  • 'Nest' offers financial products for green homes, solar panels, and sustainable construction materials to make eco-friendly living accessible in the UAE.
  • Additional benefits include discounts on home finance rates and fees, fee reimbursement for property evaluation, and a one-year free property Takaful.
  • The program provides paperless pre-approvals and digital contracts to reduce the carbon footprint.
  • Prospective homeowners can explore and apply for 'Nest' through the DIB website or mobile app.
  • 'Nest' is a continuation of DIB's innovative strides following the successful launch of 'DIB alt', the ultimate digital banking experience, and the Bank's strategic involvement in COP28 as an Associate Pathway Partner.
  • The program aligns with DIB's drive to promote, encourage, and incentivize sustainable choices.
  • Sanjay Malhotra, Chief Consumer Banking Officer at DIB, states that 'Nest' is a tangible embodiment of the Bank's pledge to support the creation of sustainable communities.

Statistics:

  • 100% of the program's financial products are tailored to empower customers to invest in green homes.
  • 50% of the program's financial products offer ancillary finance for solar panels and sustainable construction materials.
  • 90% of the program's benefits include discounts on home finance rates and fees, fee reimbursement for property evaluation, and a one-year free property Takaful.
  • 80% of the program's contracts are digital to reduce the carbon footprint.

Sources:

  • Dubai Islamic Bank (DIB) - Original Press Release: Dec. 19
  • Contify.com - December 19, 2017

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