July 2009 Commercial Bank of Dubai (CBD) Commercial Bank of Dubai (CBD) has opened a new branch of Attijari Al Islami in Sharjah and plans to open two more in the second half of this year, a company statement said yesterday. The new branch has taken the total Attijari Al Islami branches to four, including two in Dubai and one in Abu Dhabi. Peter Baltussen, Chief Executive of the bank, unveiled the branch in the presence of senior executives of the bank. "We are delighted to announce the opening of this Attijari Al Islami branch which will support the rapid growth and development of the economy of Sharjah. In recognition and respecting the desires of a growing number of our valued clients to conduct their banking and financial transactions in accordance with Shariah principles, we are pleased to be able to offer Attijari Al Islami in Sharjah. This move emphasises our commitment to support the growth of Islamic banking in the UAE. Focusing on our client's needs coupled with building long-lasting relationships with them will continue to be the drivers of CBD CBD 's future growth," said Baltussen. Nabil Tayyeb, Head of Islami Banking, said: "We are dedicated to playing an active role in the field of Shariah-compliant banking within the UAE at both the retail and corporate levels. "Attijari Al Islami will offer an extensive range of Islamic financial products to our retail, corporate and investment banking clients. We aim to set quality standards in Islamic banking." He added: "All our 'Attijari Al Islami' branches are distinguished by their modern design and managed by a team of professionals who have substantial experience in understanding client needs and in providing them with innovative Shariah-compliant solutions." The Shariah Supervisory Board of Attijari Al Islami consists of prominent Islamic scholars and is chaired by Dr Hussain Hamed Hassan. The Sharia Supervisory Board is responsible for reviewing, approving all product offering.

By Staff Writer

© Emirates Business 24/7 2009 omar 1.1:zy