Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched their “Trade More, Earn More” campaign to incentivise small and medium-sized businesses to use the bank’s trade solutions suite for optimal import and export business transactions.

The SME sector accounts for more than 94% of total operational companies in the UAE and over 86% of the private sector’s workforce, while approximately 40% of Dubai’s GDP comes from its SME sector alone. The new business banking campaign strengthens the bank’s commitment to the UAE’s thriving SME sector, supporting it with incentives for sustainable development and trade while unlocking the UAE economy’s full potential.  

The three-month campaign will run from 15 February to 15 May 2023 rewarding business banking customers routing import and export documentation through Emirates Islamic’s trade solutions suite. Customers will have the opportunity to earn unlimited cash back on successfully processed documentations with the bank.

Commenting on the campaign, Farid Al Mulla, Head of Consumer Banking and Wealth Management at Emirates Islamic, said: “The UAE's strategic location has reinforced its position as a global logistics and trade hub. With UAE non-oil foreign trade hitting 2.2 trillion dirhams in 2022, we look forward to supporting the economy with a comprehensive set of business banking tools and incentives, while promoting sustainable development in one of the UAE economy’s most crucial sectors, the SME community. Emirates Islamic business banking continues to take innovative strides to ensure that Emirates Islamic retains its role as the UAE’s SME bank of choice.”

-Ends-

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 42 branches and 209 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp. 

Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic won recognition in 2022 for its financial performance, innovative products and customer experience. The bank won three awards at the World Finance Islamic Finance Awards - namely “Best Islamic Bank in UAE”; “Best Islamic Bank in Customer Experience, UAE” and “Best Credit Card in UAE” for its Etihad Guest Credit Cards - a range of exclusive, co-branded credit cards with Etihad Airways. The bank was also named ‘Best Islamic Bank for SMEs’ at the MEA Finance Awards, recognised for its innovative proposition for small and medium enterprises (SMEs) and its status as a preferred bank for entrepreneurs seeking Shari’a -compliant products and services for their businesses. Emirates Islamic was named the UAE’s most valuable Islamic banking brand and MENA’s sixth most valuable Islamic banking brand, with a value of USD 325 million, in The Banker’s 2022 brand valuation.

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.

For further information please visit www.emiratesislamic.ae
Or please contact:
Amina Al Zarooni
Media Relations Manager, Emirates Islamic
Email: AminaAlZarooni@emiratesislamic.ae
Tricia Kaul
asda’a bcw, Dubai, UAE
​​​​​​​Email: Tricia.Kaul@bcw-global.com