12 May 2013
Al Hilal Bank, a progressive Islamic bank based in Abu Dhabi, is clarifying that it has no connections at all with Al Hilal Exchange, a money transfer and currency exchange service provider which recently had its licensed revoked by the UAE Central bank.
Al Hilal Bank was established in June 2008 with an authorized capital of AED 4 billion and is fully owned by the Abu Dhabi Investment Council, the investment arm of the Government of Abu Dhabi. The bank is Shariah compliant and operates through a network of 21 branches strategically located across the United Arab Emirates as well as 3 other branches in major cities of Kazakhstan. Al Hilal Bank aims to become the leading financial institution in the region and is committed to increase the growth of Islamic banking by providing new direction, new technologies and special services.
Al Hilal Bank, a progressive Islamic bank based in Abu Dhabi, is clarifying that it has no connections at all with Al Hilal Exchange, a money transfer and currency exchange service provider which recently had its licensed revoked by the UAE Central bank.
Al Hilal Bank would like to inform its customers, partners, stakeholders and the general public that it is not involved with any of Al Hilal Exchange's operations and that the similarity of their corporate names is merely coincidental. Al Hilal Bank is a separate and independent entity.
About Al Hilal Bank:
Al Hilal Bank was established in June 2008 with an authorized capital of AED 4 billion and is fully owned by the Abu Dhabi Investment Council, the investment arm of the Government of Abu Dhabi. The bank is Shariah compliant and operates through a network of 21 branches strategically located across the United Arab Emirates as well as 3 other branches in major cities of Kazakhstan. Al Hilal Bank aims to become the leading financial institution in the region and is committed to increase the growth of Islamic banking by providing new direction, new technologies and special services.
For more information:
Al Hilal Bank
Mariam Yousef Ahli
VP for Marketing and Corporate Communication
Email: myahli@alhilalbank.ae
Mob: 050 744 77 55
Orient Planet PR and Marketing Communications
P.O. Box: 500266, Dubai, UAE
Tel: 00971-2-44 18 995 (Abu Dhabi)
Email: media@orientplanet.com
Website: www.orientplanet.com
© Press Release 2013
