Al Hilal Bank, a progressive Islamic bank, is offering automobile financing rates starting from 1.99 per cent with up to three months’ grace period during Dubai International Motor Show 2011.

The event, which opened today at the Dubai International Convention and Exhibition Centre, will run till up to November 14.

Al Hilal Bank customers will have the chance to drive away with their dream car from some of the world’s leading automakers by availing flexible financing and insurance terms, a statement said.

Customers will need to present their original passport, salary certificate, driving licence and bank statement for three months.

 “Dubai International Motor Show 2011 has cemented a place in the automotive world as one of the leading platforms for displaying the latest and the best models in the market. We wanted to take advantage of its growing prominence to enable our clients who also happen to be motoring enthusiasts to fulfill their dreams via one of the best auto financing schemes in industry. Our goal is to match the world-class calibre of the vehicles with world-class financing services that only we can offer as a progressive Islamic banking institution,” said Mohamed Zaqout, head of the personal banking group at Al Hilal Bank.

Al Hilal Bank is fully owned by the Abu Dhabi Investment Council, the investment arm of the Government of Abu Dhabi. – TradeArabia News Service