Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and a leading powerhouse in the world of Islamic Finance, hosted the 2022 Trade Club Alliance (TCA) General Assembly at an exclusive event, held on the 14^th and 15^th of November 2022 at the Sofitel Dubai The Obelisk.

As the exclusive banking partner of the TCA in the UAE, DIB hosted the event – held for the first time in Dubai – in support of the organization’s aim of simplifying international trade by improving connectivity between importers and exporters. More than 13 international banks participated in the general assembly, with senior representatives from seven banks attending physically and others joining virtually to discuss ways in which TCA collaboration can be further strengthened.

DIB’s role as host of the TCA General Assembly and as a member of the TCA itself complements the bank’s commitment to boosting international trade through the Transaction Banking division of its corporate banking business.

Geared towards supporting large and mid-sized corporate clients – as well as wider UAE economic growth – DIB provides corporate and commercial clients with trade services, real estate, foreign exchange, money markets, business finance, Islamic Sukuk, hedging solutions, and structured investment solutions to accelerate growth.

Commenting on this initiative, Dr. Adnan Chilwan, Group Chief Executive Officer at DIB said: “International trade is integral to socioeconomic development. As a TCA member and exclusive banking partner to this year’s General Assembly in UAE, we are proud to play a part in advancing dialogue and collaboration on trade development initiatives that make a real and lasting difference to businesses and economies around the world. The work we are doing with the TCA also serves to complement our own trade support programs that are helping SMEs and growing firms to expand overseas, access new markets and secure trade finance solutions.”

Naveed Ali, Chief of Corporate Banking at DIB, commented: “We are incredibly excited to have been able to host the 2022 Trade Club Alliance General Assembly as its exclusive banking partner in the UAE and to play a vital role in enhancing collaboration across TCA partner banks. Holding the assembly for the first time in UAE is a reflective of the global recognition UAE enjoys today as one of the open economies in the world. Running such key initiatives should help advancing business growth and enhancing relationships between those involved in international trade.”

Ehsaan Ahmed, Head of Transaction Banking at DIB, stated: “Our focus is on the development of innovative, Sharia-compliant, and value-added trade solutions that have a clear ability to support the growth of corporate clients looking for competitive trade solutions. We share in the TCA’s commitment to enhancing international trade through the delivery of seamless customer services through both physical and digital channels.”

DIB’s membership of TCA is closely aligned to the bank’s market-leading digitization strategy, offering unique services and functionality to DIB’s trade clientele via end-to-end global trade support from partner banks. It is anticipated that joining TCA will increase DIB’s trade volumes, deepen relationships with existing customers and attract new ones.