Dubai Islamic Bank launches financing solution for future Tesla owners

Dubai Islamic Bank (DIB), the Islamic bank in the UAE, has launched Islamic auto financing for Tesla customers, which will be available through a digital application process.

A key goal of this collaboration is to promote green financing solutions and simplify the transition to electric vehicles in the UAE, while also offering Tesla buyers a digital process and compelling rates.

Customers will be able to apply for auto financing easily and experience a better buying experience with the new solution.

Dubai Islamic Bank offers new financing solutions to future Tesla owners, read more https://t.co/1CGUr8mwng #DIBEvolve

بنك دبي الإسلامي يقدم حلول تمويل جديدة لعملاء تسلا المستقبليينhttps://t.co/gQRgxOLblh pic.twitter.com/AmTYlUWpTQ

— Dubai Islamic Bank (@DIBtoday) January 12, 2023

Directly integrated in to Tesla’s online ordering process, this will be a convenient and user-friendly option for buyers who are looking for a financing solution that aligns with their values.

“We are honoured 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,” commented Sanjay Malhotra, chief consumer banking officer at DIB.

The programme is available for all Tesla vehicles.

Read: Dubai Islamic Bank prices $750m inaugural sustainable sukuk