Al Masaood Automobiles and Dubai Islamic Bank come together for attractive auto finance

Buy in 2022, pay in 2023 - sounds great, right? This has now become a reality thanks to Al Masaood Automobiles, the exclusive distributor for Nissan, INFINITI, and Renault in Abu Dhabi, and the Western region, joining hands with Dubai Islamic Bank.

Under the new scheme launched by the two entities, customers will be able to book their desired vehicle in September 2022 and be able to make the deferred payment in 2023. This scheme aims to make it easier for the customers to buy a car and plan their payments.

That’s not all as buyers will also be getting a 15-day exchange guarantee, up to 5 years of warranty, Al Masaood service inclusive, and roadside assistance as part of the Al Masaood Confidence Programme. 

This scheme has come as a result of a survey done by Visa, in which 82% of respondents said that they want ‘Buy Now, Pay Later’ for various purchases. 

Bachir Gemayel, Sales and Marketing Director, Al Masaood Automobiles said: “Our collaboration with Dubai Islamic Bank is aimed at delivering simple and convenient payment solutions to our customers. Deferred payments have greatly risen in popularity in the market, and as a customer-centric dealership, we constantly work towards providing our customers with quality service and peace of mind in their journey with us, through innovative solutions and approaches.”

Sanjay Malhotra, Chief Consumer Banking Officer at Dubai Islamic Bank, said: As one of the largest auto finance providers in the UAE, we understand our customers’ needs very well. This is also a key factor in building successful solutions for our partners.”

“Being one of the most progressive Islamic financial institutions in the world, our aim has always been to offer customer centric propositions through strategic partnerships across the customer’s car buying journey, and we truly believe that this initiative will further enable simplicity and convenience for Al Masaood Automobiles’ customers,” he concluded.