Dubai Islamic Bank, Al Ramz Corporation announce strategic alliance

Dubai, UAE – Dubai Islamic Bank and Al Ramz Corporation, a UAE capital markets financial institution providing a wide spectrum of financial solutions, announced Thursday a strategic partnership to leverage capital markets services and expand financial offerings to customers. 

Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital, a subsidiary of the Al Ramz Corporation, where the bank will also offer its banking services to their customers. 

The brokerage service was earlier provided through its subsidiary Dubai Islamic Financial Services (DIFS).

The new strategic partnership will see collaboration on a number of initiatives including brokerage as well as the advancement of capital market offerings.