Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced a partnership with the Sheikh Zayed Housing Programme. Enhancing its position as the preferred bank for UAE Nationals, Emirates Islamic will provide home finance solutions to the beneficiaries of projects built and delivered by the housing programme.
The partnership strengthens Emirates Islamic’s support of the UAE government’s vision to offer adequate, high quality housing to citizens.
Commenting on the partnership, Wasim Saifi, Deputy CEO, Consumer Banking and Wealth Management at Emirates Islamic, said: “As a leading Islamic bank in the UAE, Emirates Islamic has always focused its efforts on enhancing life for Emarati citizens. We are very pleased to announce this partnership with the Sheikh Zayed Housing Programme, solidifying our commitment to provide housing for UAE nationals, which is a key priority of our nation’s leaders. We will continue to endeavour in our efforts to support Emarati families to ensure that they can access quality and affordable housing easily.”
Mohammed Abdul Latif Lootah, Executive Director of Support Services at Sheikh Zayed Housing Programme, said: “We are delighted to partner with Emirates Islamic to offer new home financing solutions for UAE Nationals that ensure national family residential stability and improve access to adequate housing. We believe that public-private sector collaborations, like this one with Emirates Islamic, emphasise integration with the private sector, which is a key partner in achieving the Programme’s aspirations through the quality of services it provides.”
As part of its value proposition, Emirates Islamic will offer several benefits to Sheikh Zayed Housing Programme home financing beneficiaries, including 50% discount on processing fees for auto and personal finance solutions. Customers will also receive Emirates Islamic’s free-for-life ‘Emarati Credit Card’, which is the only card of its kind in the country for UAE Nationals.
About Emirates Islamic:
Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is one of the fastest growing banks in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE.
Emirates Islamic offers a comprehensive range of Shari’a-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 60 branches and 208 ATMs/CDMs across the UAE. In the fast growing area of online and mobile banking, the bank has the reputation as an innovator, being the first Islamic bank to launch a mobile banking app and the first Islamic bank to offer Apple Pay in the UAE.
Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. The bank won the prestigious Euromoney award for innovation in Islamic Finance in 2015 and Global Finance’s Innovator in Islamic Finance award for EI trade, the world’s first Shari’a-compliant online trade finance and supply chain platform. The bank has won several industry accolades in 2017, including Service Olympian Award for ‘Most Improved Website’ and ‘Best Social Media Reach’. In 2018, Emirates Islamic was named ‘Best Islamic Bank” in the UAE by Global Finance and ‘Best Islamic Banking Brand’ by Global Brands Magazine. The bank has also claimed the ‘Best Mobile Banking app’ award, and the ‘Best Islamic Card’ for its Emarati Credit Card at the Banker Middle East Product Awards 2018.
As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
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