| 07 Sep 2008 |
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Al Hilal Bank ties up with Etihad Airways
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Since the bank's recent inauguration, the newest player in the Islamic Banking sector sees agreement with major strategic partner
Abu Dhabi, United Arab Emirates 07 September, 2008 - Al HilalAl Hilal
, the newest face in Islamic banking, has announced Etihad AirwaysEtihad Airways as one of its first strategic airline partners. Within the bank's first few months of operations, the establishment of the relationship marks Al HilalAl Hilal's entry into the Islamic banking sector as a major player, setting itself up for a significant contributing role in the UAE economy.
"We are pleased to announce our partnership with Etihad AirwaysEtihad Airways," said Mohamed Jamil Berro, CEO, Al Hilal BankAl Hilal Bank. "Having cemented our relationship with a company that is already known for its progressive and industry-changing practices, we feel it particularly appropriate that Etihad AirwaysEtihad Airways is one of our first airline customers."
"This agreement is an ideal step forward on our path to become a critical player in the growth and economic development of the UAE," continued Berro.
Al Hilal BankAl Hilal Bank
has already established itself as a key player in the local financial sector and has partnered with a number of strategically significant institutions and government bodies within the UAE.James Hogan, chief executive officer of Etihad AirwaysEtihad Airways, said: "These are exciting times for EtihadEtihad as the airline continues to grow and establish itself on the global stage. It is, however, equally important for us to develop and nurture strong relationships in the local market, especially with partners which share our vision and objectives in Abu Dhabi."
"We have every confidence that our corporate banking agreement with Al HilalAl Hilal
will meet our financial objectives and we look forward to working with the bank in developing our Sharia'a compliant banking activities, especially in the area of finance and investments."In its initial stages of operation, Al Hilal BankAl Hilal Bank has broken new ground in creating a more approachable service offering than what has been traditionally available in the market, while maintaining Sharia'a compliance.
An example of the bank's fresh new take on banking is the company's innovative format for consumer interaction, the Financial Mall. By providing Al HilalAl Hilal patrons a holistic atmosphere where customers can not only bank but engage in a specialized experience catered to their individual needs, Al HilalAl Hilal has set a new standard in the banking sector.
With this unique infrastructure in place, Al HilalAl Hilal expects to enjoy enormous success very quickly. With its innovative approach to Islamic finance, customer service and location, it has already captured the imagination of customers and soon foresees growth beyond the national boundaries of the UAE.
About Al Hilal BankAl Hilal Bank
:Al Hilal BankAl Hilal Bank
is wholly owned by the Abu Dhabi Investment Council, which is an investment body of the Government of Abu Dhabi. The Bank has an authorized capital of over AED 4 billion and is licensed to operate as an Islamic commercial bank. Al Hilal BankAl Hilal Bank is committed to becoming the region's leading financial institution, escalating the development of Islamic Banking with a fresh approach to the industry, new technology and service excellence.About EtihadEtihad Airways
Etihad AirwaysEtihad Airways is the national airline of the United Arab Emirates based in the UAE's capital, Abu Dhabi.
Currently EtihadEtihad offers flights to 48 destinations in the Middle East, Europe, North America, Africa and Asia.
For more information:
Miriam Farshoukh
Account Executive
MEMAC Ogilvy PR
miriam.farshoukh@ogilvy.com
04-3050377
Vemuri Srinivas
Head of Branding & Corporate Communications
Brand Equity
Al HilalAl Hilal Bank
vemuris@alhilalbank.ae
050 5840 235
For further details:
Etihad AirwaysEtihad Airways Corporate Communications:
Tel: + 971 (0) 2 505 8317 / 8573
visit www.etihadairways.com.
© Press Release 2008
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