Dubai Trade and Dubai Islamic Bank join forces

Companies banking with DIB benefit from real-time payment.
Mahmood Al Bastaki, director, Dubai trade, and Musabbah Al Qaizi, head of electronic banking, DIB, signing the agreement.
Mahmood Al Bastaki, director, Dubai trade, and Musabbah Al Qaizi, head of electronic banking, DIB, signing the agreement.

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Dubai Trade, the premier trade facilitator under Dubai World, and Dubai Islamic Bank (DIB), the world’s first fully-fledged Islamic bank, have signed an agreement to integrate the banks’ Direct Debit Services with the portal’s e-payment gateway Rosoom.

The partnership will enable supply chain companies using Dubai Trade portal to access their DIB accounts online and execute monetary transactions seamlessly.

The agreement was signed by Mahmood Al Bastaki, director, Dubai trade, and Musabbah Al Qaizi, head of electronic banking, DIB.

Rosoom, the e-payment gateway for the online services of DP World, Jafza and Dubai Multi Commodities Centre (DMCC), serves importers, exporters, freight forwarders, clearing agents and hauliers as a single window for all trade related transactions. Rosoom offers Dubai Trade customers secure multiple payment methods to settle their bills and save on time, effort and cost.

Mahmood Al Bastaki, director, Dubai Trade, said: “Dubai Trade is honoured to enter into this partnership with a reputable financial institution like Dubai Islamic Bank. This initiative will further empower our vast trading community with innovative new tools to conduct their business in a secure environment. It is part of Dubai Trade’s commitment to bring added value to its supply chain e-services that have already won praise for sharpening the competitive edge of the business sector in the UAE.”
 

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