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Mashreq Al Islami unveils Islamic Gold

Innovative Sharia'h Compliant Premium Banking products and services
Dubai, March 13^th, 2013: Mashreq Al Islami , the Islamic banking division of Mashreq, one of the UAE's leading financial institutions announced the official launch of Islamic Gold proposition. The new product underlines the Bank's commitment towards its customers and continuous product innovation. The Premium banking segment can now avail Sharia'h Compliant Islamic Gold offering with customized financial solutions.

The launch event was attended by customers and senior officials from the Bank to engage in an informative session. Mashreq representatives comprised Tooran Asif - Head of Personal Banking, Momin Hyat - Manager, Sharia'h Covernance & Compliance, Caetano Fernandes - Head of Mashreq Gold and Ali Moosa - Regional Manager Distribution.

Premium Banking customers can now enjoy Islamic Mashreq Gold products through the most comprehensive range of Shariah Compliant Investments such as; attractive income funds, capital protected Islamic Structured notes, providing leverage on fixed income products, share financing, Islamic reverse convertibles, and providing fixed income and equity brokerage services.

One of the key features of this premium banking service is a skilled and dedicated Relationship Manager assigned to manage and oversee the total relationship with the bank, these relationship managers are CISI Certified and Sharia'h Certified as well to cater to individual wealth management needs.

Tooran Asif, Head of Personal Banking at Mashreq commented, "The launch of the Islamic Gold is another step towards offering innovative Islamic financial solutions. Customers can now look forward to first-class Sharia'h Complaint product and services tailored for them. Mashreq Al Islami is well suited to provide the ideal solutions to its Customers because of the strengths we have as a Bank, the deep local knowledge of the market, the products that we offer and the strong distribution that we have across 48 branches strategically located in the UAE."

Islamic Gold privileges include access to over 29 Mashreq Gold locations strategically located across the UAE, preferential rates on Wakala Deposits, remittances & forex and finance facilities, priority processing of transactions, free ATM/Debit Card, 3 free Marhaba and Golden Class airport services per annum with additional vouchers available at a discounted rate

Caetano Fernandes - Head of Mashreq Gold said; "Mashreq Gold is an exclusive banking service with customized benefits, designed for our premium banking customers. With the launch of Islamic Gold, all the privileges of this product can be offered with exceptional service, unique benefits and expert solutions tailored to accommodate customers' financial requirements."

Mashreq Al Islami provides a full range of retail banking products and services including Current and Savings Account, Mudaraba Term Investments and Wakala Deposits with attractive profit rates, Personal, Auto, and Home Financing solutions with competitive profit rates. MAI also has attractive Takaful offerings for Life Coverage and Saving Plans.

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About Mashreq:
Mashreq is one of the UAE's leading National Financial institutions and the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first to launch such products as travelers' cheques, credit cards and ATMs.

Mashreq has received numerous international awards reflecting the bank's successful record, such as the 'Best Regional Consumer Internet Bank for Online Deposit, Credit and Investment Product offerings' by Global Finance Best Internet Bank Awards 2012, Best Regional Retail Bank by The Banker ME Industry Awards 2012, Best Branch Design Award & Best Islamic Investment Fund Award for Mashreq Al Islami Income Fund from Banker Middle East Product Awards 2012, Dubai Human Development Appreciation Award 2012 for its efforts towards the Development of the Emiratisation initiative.

As a leading financial Institution in the UAE, Mashreq aims to be world class in every facet of its business; including its social responsibility to the community it serves in. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.

For further information, please contact:
Huda Ismail
Public Relations, Mashreq
Tel: 04 -6083629
Email: HudaI@mashreq.com

Nssrin Khalil
Public Relations, Mashreq
Tel: 04 - 6083836
Email: NssrinK@mashreq.com

© Press Release 2013

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