Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has won the prestigious Best Banking Product award from Global Banking & Finance Review for its flagship Kunooz Savings Account. The award reaffirms the bank’s excellence in innovation and the success of the Kunooz Savings Account in building a healthy savings culture in the UAE.

The Global Banking & Finance Awards, established in 2011, honour innovation, achievement and strategy within the global financial community.

Commenting on the award, Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management, Emirates Islamic: “Emirates Islamic is honoured to win the award of Best Banking Product for the Kunooz Savings Account. This recognition is testimony to the dedication of our team and our commitment to offer innovative products and services The Kunooz account in particular has been instrumental in encouraging Emirates Islamic customers to develop good saving habits by rewarding them significantly for their efforts.”

“According to findings from the McKinsey Global Sentiment Survey, 53% of UAE consumers are increasingly looking for ways to save money, amid a wider culture shift towards cost-consciousness. In this scenario, our Kunooz Account offers multiple benefits to our customers, helping them save for their future while giving them an opportunity to win monthly and daily cash prizes.”, added Saifi.

Emirates Islamic’s Kunooz Savings Account is the bank’s flagship account that offers customers a chance to win AED 1 million or a Tesla car for every AED 5,000 maintained monthly in their account. Additionally, customers have a chance to win one of five cash prizes worth AED 3,000 every day for every AED 1,000 maintained daily in their account.

In 2018, more than 1300 prizes were given away to customers, including 8 Tesla cars and more than AED 8 million in cash prizes. For 2019, the Bank will increase the prizes pool by more than 30%, in order to continue increasing the value to customers and encouraging a strong savings culture.

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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 60 branches and 208 ATMs/CDMs across the UAE. In the fast growing area of online and mobile banking, the bank has the reputation as an innovator, being the first Islamic bank to launch a mobile banking app and the first Islamic bank to offer Apple Pay in the UAE.

Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. The bank won the prestigious Euromoney award for innovation in Islamic Finance in 2015 and Global Finance’s Innovator in Islamic Finance award for EI trade, the world’s first Shari’a-compliant online trade finance and supply chain platform. The bank has won several industry accolades in 2017, including Service Olympian Award for ‘Most Improved Website’ and ‘Best Social Media Reach’. In 2018, Emirates Islamic was named ‘Best Islamic Bank” in the UAE by Global Finance and ‘Best Islamic Banking Brand’ by Global Brands Magazine. The bank has also claimed the ‘Best Mobile Banking app’ award, and the ‘Best Islamic Card’ for its Emarati Credit Card at the Banker Middle East Product Awards 2018.

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

Tel: 971 4 4397430; Mob: 971 56 6405080

Email: AminaAlZarooni@emiratesislamic.ae

Tricia Kaul | Batoul Al Beitouni

asda’a bcw, Dubai, UAE

Tel: 971-4-4507600, Fax: 971-4-4358040

Email: Tricia.Kaul@bcw-global.com | Batoul.AlBeitouni@bcw-global.com

© Press Release 2019

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