Emirates Islamic

Emirates Islamic is one of the leading Islamic financial institutions in the United Arab Emirates, offering a variety of Sharia-compliant products and services. Established in 2004, Emirates Islamic aims to become a prominent player in the Islamic banking sector by providing a full range of banking services that meet the specific needs of individuals, businesses, and corporations adhering to Islamic law. ### Services and Products #### Personal Banking - **Accounts**: Emirates Islamic offers a range of account services, including savings accounts, current accounts, and fixed deposits, all structured around Islamic principles such as Mudarabah and Wadiah. - **Cards**: The bank provides various credit and debit card options, which comply with Sharia standards, featuring benefits like cashback, travel rewards, and shopping discounts. - **Financing Solutions**: This includes home financing, personal finance, auto finance, and goods financing. Instead of charging interest, the bank earns returns through Sharia-compliant methods like Murabaha and Ijarah. - **Investment Services**: Emirates Islamic offers structured investment products, including Sukuk (Islamic bonds), which enable customers to invest in Sharia-compliant portfolios. #### Business Banking - **Business Accounts**: They provide customized accounts for differing business needs, featuring special packages like Business Banking Plus. - **Trade Finance**: Solutions such as Letters of Credit and Guarantees are available, aligning with Islamic financing principles. - **Asset Management**: This covers a range of services including wealth management and tailoring advisory solutions for high-net-worth individuals, through Sharia-compliant investment vehicles. #### Corporate Banking - Provides comprehensive corporate banking services including cash management, trade services, and corporate finance solutions, ensuring they meet the Islamic finance requirements. ### Operations Emirates Islamic operates across the UAE with an extensive network of branches and ATMs, enhancing customer accessibility and ensuring convenience. The bank has embraced digital innovation, offering a robust online banking platform and mobile application to facilitate ease of access and transaction capability for its customers. The bank participates actively in community service and educational initiatives, promoting financial literacy and supporting various charity programs in alignment with Islamic values of social responsibility. ### Global Presence While its primary operations are centered in the UAE, Emirates Islamic is a subsidiary of Emirates NBD, one of the largest banking groups in the Middle East, which enhances its credibility and extends its network of relationships regionally and globally. This relationship allows Emirates Islamic to leverage wide-ranging expertise and resources while maintaining its focus on Islamic banking. Emirates Islamic remains committed to its vision of becoming the leading Islamic bank in the Middle East by further expanding its services and strengthening its market position. The bank continuous efforts to offer innovative Islamic financial products make it a key player in the global Islamic banking sector.