Dubai Islamic Bank launches financing solution for future Tesla owners Dubai Islamic Bank launches financing solution for future Tesla owners
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Dubai Islamic Bank launches financing solution for future Tesla owners

Dubai Islamic Bank launches financing solution for future Tesla owners

The fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience

Divsha Bhat
Tesla

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.

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

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