Dubai Islamic Bank and the Rental Disputes Center develop solutions to pay rent for defaulters
Dubai Islamic Bank and the Rental Disputes Center in Dubai have cooperated and developed solutions to pay financial obligations for defaulters and provide them with financial support from zakat funds.
The Rental Disputes Center and Dubai Islamic Bank are working together to come up with alternatives to help defaulters meet their financial commitments.
Together with the Rental Disputes Center in Dubai, Dubai Islamic Bank has established methods to fulfill defaulters' financial responsibilities and give them with financial support from zakat money. These solutions were produced through a cooperative effort between the two organizations.
An agreement that allows the provision of Zakat funds to eligible defaulters in rental cases in Dubai
An arrangement that enables the provision of Zakat funds to qualified renters who are in default in Dubai, The Rental Disputes Settlement Center of the Dubai Land Department recently signed a memorandum of understanding with Dubai Islamic Bank. The purpose of this agreement was to establish a joint cooperation relationship between the two parties, provide financial support to the Rental Disputes Settlement Center from the Zakat funds of Dubai Islamic Bank, and strengthen this partnership through the development of... And innovation of methods and ways of community service that would maximize the societal impact of this support. In accordance with the terms of the agreement, Dubai Islamic Bank will make a contribution toward the provision of financial assistance to the Rental Disputes Center in Dubai. This support will, in turn, be distributed fairly among those who are eligible to receive it, and Dubai Islamic Bank will also provide the center with the technical support necessary to enable it to carry out programs and initiatives. the repercussions of our working together.
Dubai Islamic Bank and the Rental Disputes Settlement Center determine those entitled to pay the rent on their behalf
The Rental Disputes Settlement Center and Dubai Islamic Bank collaborate to identify who is legally obligated to pay rent on their behalf, As part of the agreement reached between the two parties, the Rental Disputes Settlement Center will investigate the requests for humanitarian cases and assistance that have been sent to it by Dubai Islamic Bank. It will then provide the bank with a case report once it has finished all of the necessary procedures that it has been required to complete in order to determine whether or not the case is eligible. A request for help can also be made by the Rental Disputes Settlement Center for a new effort that is being undertaken by Dubai Islamic Bank. According to the terms of the agreement, the institution that will have the authority to decide on zakat fatwas and Sharia issues that arise between the two parties will be the Internal Sharia Supervision Committee. This committee will have its headquarters in the General Administration of the Rental Disputes Center in Dubai.