United Arab Emirates, Dubai, November 29th 2010: Getting true to its values of innovation and customer convenience, Emirates Islamic Bank announced the launch of a new promotion for smartBUSINESS customers.  smartBUSINESS is a convenient and efficient online banking service that enables business customers to perform a wide range of banking transactions such as payroll processing, bulk payments, third party payments, Central Bank transfers, local and international telegraphic transfers,  preferential foreign exchange rates,  access to account statements, credit card payments, and other features 24X7 days year round.  Until the end of February 2011, SmartBUSINESS customers will enjoy a waiver of the monthly subscription fee as well as the one time set up fee.  

With a dedicated support team in place, SmartBUSINESS can also assist through the initial setup and transaction initiation thereby creating a partnership that is available to all customers 24/7. The service comes with innovative security and control features enabling customers to transact online with complete confidence.   

"Expanding our innovation ability to reshape automated financial solutions into more accessible and  versatile is a key factor in the offerings for our local market. Taking this approach allows our customers to manage their financial transactions with confidence and ease, allowing them to focus on their core business." said Mr. Faisal Aqil, GM Retail Banking for Emirates Islamic Bank. "All industries have gone through some challenging economic times over the last 18 months and we're committed to developing and creating the best possible ways to help their business flourish. "

SmartBUSINESS is available to all UAE based businesses through customer relationship managers at Emirates Islamic Bank.

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Notes to editors:
The security system for SmartBUSINESS includes 128 bit SSL data encryption certified, Access is controlled through Subscriber ID, User ID and Password, Unique SMS authentication for User addition, Transaction release and a Complete Audit Trail.

About Emirates Islamic Bank:
Emirates Islamic Bank opened its doors in October 2004 with a mission to provide consumers in the UAE with effective and innovative Shari'a-compliant financial solutions. The Bank offers a range of Shari'a compliant products and services conforming to the highest standards of Islamic finance and all its activities are overseen by a Shari'a board comprising several prestigious scholars of Islamic law. On the retail side, the bank has an array of products, such as a full range of credit cards including Visa Infinite Card; Manzili Home Finance, Intaleq Car Finance, and many other products. The bank has also launched Al Reem Ladies Banking, a specialized banking service designed to cater to the banking and financial needs of women in the region.

The bank also offers Ethmar Priority banking to suit the demands of the high-net-worth clients.

Emirates Islamic Bank is very active on the Corporate Banking level, seeking exceptional investment opportunities in the local as well as the regional market. Within almost three years of its inception Emirates Islamic Bank has managed to position itself as one of leading financial players in the UAE's banking sector. The bank's rapid growth and success is mainly due to its continued successful launch of Shari'a compliant products, services and other key business initiatives. EIB is headquartered in Dubai, employs more than 800 staff and has currently 30 branches across the UAE

Issued on behalf of Emirates Islamic Bank by tamra C2 PR. For additional information please contact Salma Zuhair Al-Madhoun

Account Executive tamra C2  ; Tel:  04 295 11 77. Fax: 04 295 11 88

© Press Release 2010