· Apple Pay Offers an Easy, Private and Secure Way to Pay

Dubai - Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that its customers can now use Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

Continuing its drive towards digital transformation, Emirates Islamic puts customer centricity at the heart of technological innovation, offering its customers a modern, Shari’a compliant banking experience. With a rising demand from the bank’s customer base for connected, smart banking solutions, Apple Pay will enable Emirates Islamic cardholders to make payments straight from their mobile devices for an efficient, speedy and secure payment experience.

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch. As an initial offer, Emirates Islamic will give AED 100 to its customers on first usage of Apple Pay.

Security, privacy and convenience is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

Commenting on the announcement, Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management, Emirates Islamic said: “We are pleased to bring Apple Pay to our customers. As a leading Islamic bank in a country with among the highest global rates of smartphone penetration, Emirates Islamic continues to push for innovation in the Islamic financial services sector. We are always innovating to cater to the growing demands of a smartphone-friendly population. Digital transformation with a customer-centric focus is key to our growth strategy and we remain committed to offering products and services that are aligned to our customers’ needs as well as the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai’s vision to make Dubai the global capital of the Islamic Economy.”

Online shopping in apps and on websites accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.

For more information on Apple Pay, visit: https://www.apple.com/ae/apple-pay/  

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About Emirates Islamic:
Established in 2004, as Emirates Islamic Bank, Emirates Islamic is one of the fastest growing banks in the UAE. Combining the best in Shari’a compliant services with the strongest levels of customer care and efficiency, the bank has established itself as a major player in the highly competitive financial services sector in the UAE. Offering products and services developed in line with the highest ethical standards, Emirates Islamic gives customers the transparency they seek in a strong, honest financial partner.

Emirates Islamic offers a comprehensive range of products and services across the Personal, Business and Corporate banking spectrum with a network of 64 branches and 204 ATMs/CDMs across the UAE. In the fast growing area of online and mobile banking, the bank has the reputation as an innovator, and was the first Islamic bank to launch a mobile banking app and the first bank in the Middle East to launch an App on the Windows 8 mobile platform.

Emirates Islamic has consistently received local and international awards, an acknowledgement of the bank’s strong record of performance, growth and market leading banking practices. The bank was named ‘Best Islamic Bank in the UAE’ at the 2015 World Finance Awards and also won the prestigious Euromoney Award for Innovation in Islamic Finance 2015. In the Islamic Business & Finance Awards 2015, the bank was named ‘Best Retail Bank, UAE’; ‘Best Commercial Bank, UAE’; and ‘Best Wealth Management, ME’. The bank won several industry accolades in 2016, including Innovator in Islamic Finance by Global Finance magazine for EI trade, the world’s first of its kind Shari’a-compliant online Trade Finance and Supply Chain platform and Fastest Growing Bank – UAE at the Banker Middle East Industry Awards 2016.

For further information please visit www.emiratesislamic.ae

© Press Release 2017