Dubai Islamic Bank
Pakistan (DIBPL) and Ria Money Transfer (“Ria”) the third largest money
transfer company in the world, have partnered to offer money transfer pay-out
services in Pakistan.
The agreement allows customers from all over the world to send money to their
beneficiaries in Pakistan through Dubai Islamic Bank Pakistan, with greater
convenience for their family and friends. Beneficiaries can now collect cash in
minutes from 238 locations without the need for an account, while Dubai Islamic
Bank Pakistan account holders can also receive funds directly to their bank
account.
“DIB Pakistan, as a major player in Pakistan Banking Industry’s Remittance Business, is excited to partner with Ria to further enrich our customer touch-point channels and bring convenience to all home remittance beneficiaries who receive funds from Pakistani expats all over the world through our network of 238 locations across Pakistan,” said Mr. Junaid Ahmed, CEO of Dubai Islamic Bank Pakistan. “I’m confident that our Bank’s sustainable partnership with Ria will boost the remittance volumes in Pakistan by focusing on our individual strengths.”
“DIB Pakistan, as a major player in Pakistan Banking Industry’s Remittance Business, is excited to partner with Ria to further enrich our customer touch-point channels and bring convenience to all home remittance beneficiaries who receive funds from Pakistani expats all over the world through our network of 238 locations across Pakistan,” said Mr. Junaid Ahmed, CEO of Dubai Islamic Bank Pakistan. “I’m confident that our Bank’s sustainable partnership with Ria will boost the remittance volumes in Pakistan by focusing on our individual strengths.”
Ria’s CEO and President, Juan Bianchi, added, “Ria’s agreement with Dubai
Islamic Bank of Pakistan provides more choice for Pakistanis living abroad to
send money home. We are pleased to start this partnership and provide our fast,
secure and affordable services which will benefit the loved ones of Pakistani
expats in this top 10 remittance receiving country.”
About Dubai Islamic Bank Pakistan
Dubai Islamic Bank Pakistan Limited (DIBPL) is a wholly-owned subsidiary of
Dubai Islamic Bank UAE (DIB), the world’s first Islamic Bank. The parent
company DIB is a listed company in Dubai. DIBPL commenced operations in
Pakistan as a scheduled Islamic Commercial Bank on March 28, 2006. As a Minimum
Capital Requirement (MCR) compliant Bank, the DIBPL enjoys a short-term credit
rating of ‘A-1’ and long-term credit rating of ‘A+’ with a “positive” outlook,
from JCR-VIS, indicating the bank’s robust position in the industry.
DIBPL has always endeavoured to provide innovative financial products and
services to our customers through our growing network of over 238 locations
(200 Branches and 38 Branchless Booths) across 62 cities in Pakistan. DIBPL
continues to reaffirm its commitment of World Class Banking expertise with the
largest Shari’a compliant product suite in Retail, Corporate, Consumer, Trade,
Commercial, Treasury and Investment Banking services across Pakistan.
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