Adib, a leading financial institution, has partnered with Porsche Services Middle East & Africa, the local Volkswagen (VW) Group entity, to offer financial services solutions to customers of the Volkswagen Group brands in the region.

The partnership between Adib and Porsche Services provides customers with Islamic finance solutions at authorized dealers across the UAE. This offer applies to the customers of Volkswagen, Audi, Porsche, Bentley and Lamborghini.

Adib is the first Islamic bank worldwide to partner with Porsche Financial Services to provide financial service solutions to customers.

The cooperation agreement was signed by Albert Moser, CEO & president of Porsche Financial Services GmbH, Jörg Pape, COO of Porsche Financial Services GmbH, Andreas Popp, director of Porsche Services Middle East & Africa and Philip King, global head of Retail Banking of Adib, along with the presence of various representatives from Volkswagen, Audi, Bentley and Lamborghini.

Philip King said: “We are delighted to be the first Islamic bank to work with Porsche Financial Services to offer customers attractive and flexible car financing solutions. Adib continuously aims to provide Shari’a compliant products and solutions to our customers through various means to ease processes and ensure the best possible service.”

Adib provides a range of car financing benefits such as, deferred payments, deposit assistance, attractive monthly instalments and short tenure contracts, a statement said. – TradeArabia News Service