Monday 25 January 2021

DLD inks e-mortgage deal with Dubai Islamic Bank

DUBAI, April 1, 2018

The Dubai Land Department said it has signed an e-mortgage agreement with Dubai Islamic Bank to help minimise the procedures for its customers in submitting documents for mortgage contract registrations.

The agreement is aimed at saving customers both time and effort by integrating the duo's services, said Juma bin Humaidan, the deputy director-general of DLD, after signing the deal with Mohammed Abdulla Al Nahdi, the deputy chief executive officer of DIB.
This will minimise the procedures for submitting documents for mortgage contract registrations by processing them through DLD’s electronic mortgage system, eliminating the need for customers to visit the department or any of its service centres, stated Bin Humaidan.

"Our new e-mortgage agreement with DIB is aligned with our efforts to support Dubai's digital transformation and provide convenient transactions for all parties. We would like to express our gratitude to DIB’s staff for their continued cooperation with us, and their support of DLD initiatives that contribute to the development of the emirate’s real estate sector," he added.

Commenting on the deal, Al Nahdi said: "Our co-operation with DLD for the new e-mortgage services is an important step for our customers. The e-mortgage agreement will help provide a more effective solution with the aim of saving our customers time and effort."

DIB, he stated, had played a vital role in strategic partnerships with government institutions in support of Dubai’s vision of creating a culture of innovation.

"The bank's collaboration with the DLD is a testament to our leadership in the banking sector," supporting Dubai's drive for digital transformation," he added.-TradeArabia News Service

Tags: Dubai Islamic Bank | DLD |

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