Dubai Islamic Bank Discontinues 'Salary in Advance' Service

Publish date: Thursday، 22 February 2024

Dubai Islamic Bank (DIB), the UAE's largest Shariah-compliant lender, has stopped its widely-used 'salary in advance' service for customers. The decision was made following the bank's comprehensive review of its financial products and its active exploration of alternative solutions for customers.

Impact on Residents

DIB's 'Salary in Advance' service was popular among UAE residents seeking financial relief during urgent times of need. The option, which allowed customers to apply for advance salary via online banking or ATMs for a nominal fee, was a crucial lifeline for many.

Customer Assurance

Acknowledging the impact of this major decision on customers, the bank assured ongoing communication regarding any new developments. DIB also notes that many other local banks are offering a salary in advance service.

Dubai Islamic Bank Discontinues 'Salary in Advance' Service

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