United Arab Emirates, Dubai, February 23rd 2009: Emirates Islamic Bank, one of the leading Islamic financial institutions in the region, has been honored at the Banker Middle East Product Awards ceremony 2009 with the "Best Islamic Home Finance" Award.

The event took place at the Godolphin Ballroom in Jumeirah Emirates Towers Dubai on February 18th 2009 and the award was received by Mr. Syed Imran Bashir Senior Vice President Marketing and Product Development and Mr. Sameh Awadhalla Head of Branches at Emirates Islamic Bank.

On winning the award, Mr. Imran Bashir said "Winning this award vindicates that Emirates Islamic Bank continues to be at the leading edge of innovation and that our customer centric business model continues to scale new heights. We are proud to be recognized by such an esteemed Awards Committee that places our product not only as the best in UAE but in the whole region".

Manzili Home Finance was launched by EIB in 2006 to offer a complete and comprehensive package that caters to customer needs in property ownership or finance. Manzili Home Finance offers three unique solutions: Manzili SmartHome, Manzili HomeLease and Manzili HomeInvest, each one designed to suit a specific home finance requirement.

Mr. Nigel Rodrigues, the CEO of CPI Financial said "Emirates Islamic Bank products & services are setting new benchmarks in the financial services industry.  As such, we are delighted to recognize the innovation that has become the hallmark of EIB products".

The Banker Middle East Product Awards were designed to recognize and reward excellence throughout the Banking industry in the UAE and the region. It is a highly prestigious award and its receipt demonstrates the

high levels of quality banking, products and services that are offered by Emirates Islamic Bank.

The Banker Middle East Product Awards are organized by CPI Financial, publishers of a number of banking and finance publications such as Banker Middle East, Islamic Business & Finance and more. Winners are voted for by the readers of Banker Middle East Magazine from a list of nominations made by panel of rating and consulting firms, based on their performance over the last twelve months.

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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 28 branches across the UAE

Issued on behalf of Emirates Islamic Bank by tamra C2 PR. For additional information please contact Suzan Barhoush,
PR General Manager
suzan@tamra-c2.com ;
Tel:  04 295 11 77.
Fax: 04 295 11 88

© Press Release 2009