Dubai Islamic Bank

Features and Services

Manage collections through branches as well as electronic channels

Manage payment

Funds transfer
Pay order issuance
IBFT
Corporate cheques issuance
RTGS
Cash over Counter
Utility Bills payment
Tax payment

Host to host integration

SFTP
API

Advanced customized reports

Cash Management Solutions

Centralize your payments with ease

In today’s competitive business environment management of a company’s working capital has become crucial as it helps in increasing liquidity while keeping costs low. Keeping this in mind we have designed a comprehensive and fully optimized payments platform that minimizes costs and improves straight-through processing. Leveraging our comprehensive system you can make use of a wide assortment of payment methods both electronic and paper based.

Integration

With our advanced payment platform you can initiate transactions in singular or bulk form as well as gain host-to-host connectivity with your Enterprise Resource Planning (ERP) systems. Complementing the payments module we provide you access real–time account information. This will aid you in maintaining a clear view of your organization’s day-to-day cash positions, enabling you to make better use of your surplus balances.

Electronic Payment

Internal Funds Transfer – within DIB Accounts

DIBCONNECT PLUS portal can be used to transfer funds across any DIB Account across Pakistan with no restriction on the amount being transferred on real time basis with straight through processing.

Inter Bank Funds Transfer – IBFT

DIBCONNECT PLUS Portal also allows its users to transfer funds through IBFT instantly between banks without any hassle on real time basis. Through this service CLIENT can transfer funds from their account to any 1Link member banks across the country up to limit of *10 Million per transaction.

*Limit can be increased based on client’s request

Real Time Gross Settlement – RTGS

DIBCONNECT PLUS Portal also allows its users to transfer funds through RTGS between banks electronically. Through this service CLIENT can transfer funds from their account to any Bank Account in Pakistan. DIB also offers MT102 (Rs 100k to 1million) and MT103 (1million to 1Billion) which coverts automatically based on input amounts.

Since settlement for RTGS is through SBP, transaction process between 9:00AM to 3:00PM would be processed on same day and instructions after CUT OFF will be processed the next Working Day.

Financial Instruments

Pay Order Issuance

DIBCONNECT PLUS Portal can process Single or Bulk Pay Order issuance request. The Pay Order issuance request will land electronically at our designated CMO centre. The Cash Management Ops team will issue the PO and dispatch/deliver the same as per your instructions.

Corporate Cheques Issuance

DIBCONNECT PLUS Portal can issue Single or Bulk Corporate Cheques at client premises or bank premises. Our designated CM processing Centre will print the Cheques with or without customer’s digital signatures as per the customer’s requirement and deliver at the specified address based on the instructions provided.

Utility Bills Payment

For the ease of our clients, we have also integrated all Utilities companies i.e. KE / SSGC / PTCL in our DIBConnect Plus portal so that our client can pay all their bills electronically via bulk upload file mechanism.

Tax Payment

DIBConnect Plus Portal is also integrated with all government authorities through which our clients can pay their Tax / Custom Duties and any other type of payment to government authorities.

Cash over Counter

Cash over counter is especially designed to address blue-collar staff salaries / daily wages employees, our client can upload a bulk file via bulk file mechanism and their staff can get their cash withdrawal from any DIB branch.

Collections

Streamlined Receivables

Collections are critical for every business. When it comes to receivables collection solution for CLIENT caters to both its client i.e. Travel Agents and Individual Customers. DIBPL delivers the right array of collection services designed to meet the evolving needs of CLIENT.

Collection at our wide range of branch network with integrated API for real time notification
Cash pickup from designated locations
Collection via DIB internet banking
E-Collection via our Fintech partners
Collection via CDM (Cash deposit machine)

Impeccable integration

Dubai Islamic Bank Collection Services will reduce your overall collection costs and maximize your working capital. Complementing the collections solution, CLIENT will be provided with a transaction information portal from where it can access real-time transactional information from anywhere, at any time. Our collections services can also provide assistance as the business grows to newer levels of effectiveness, efficiency and profitability.

Our dedicated team will enable you to

Realize collections nationwide
Deposit all kinds of incoming instruments
Receive online collections from ATMs, Internet Banking etc.
Automate your billing process

Customized Deposit Receipts

Leveraging Dubai Islamic Bank’s wide branch network, Agents and customers can deposit payments into CLIENT’s account from any DIB Bank’s branch.

Standing Instruction Debit Authority

This is an efficient and convenient mode of collections. This specific collection module concentrates on pull mechanism and allows client to pull funds from their respective distributor’s account on respective intervals.

e-Collections

This system is designed to cater the need of CLIENT as it is centrally controlled. This dealer-initiated collection module allows the stake holders of CLIENT to directly transfer funds to the company’s account by the internet using our DIBCONNECT PLUS Portal access capability. The module significantly reduces the processing time of the transaction and maximizes your cash flow by immediately crediting your Main Collection Account.

Customized Reporting

MIS Reporting

DIBCONNECT PLUS Portal also provides users with an unprecedented level of visibility across all collections and disbursement activities. The MIS reporting module hosts an array of specialized reports which can be customized as per the requirement of each client for better financial information. The module supports real-time access to transactional information and account balances. Apart from the MIS Reporting Capability the platform also houses a module whereby you can access the companies Account Statements, which can be downloaded into multiple formats.

MT940

DIBConnect PLUS also offers MT940 statement which client can generate for any specific day as per the need from portal and can upload it in their respective ERP for auto reconciliation.

Cash in Transit (CIT) Services

A 24/7 customizable and flexible cash collection service offered to CLIENT with numerous benefits such as insured pickup, overnight storage facility. CLIENT can have the ease of mind that their cash is efficiently and safely managed.

Client Service

We have a dedicated team for our clients using our corporate portal, you can reach out to them for your portal related queries at below address:

Email address: [email protected]

Contact number: 021-33148560 / 021-33148785

Employee Banking – Key Features

Shariah complaint product offering.
Cost-effective solution.
Smooth bulk account opening mechanism.
24/7 salary transfers.

Why DIB

Dedicated employee banking team to cater client needs.
Minimum documentation required.
Free SMS, cheque book & debit card.
Easy access to consumer banking products (Personal, Auto, Home finance) with preferential rates.

Transaction Banking