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Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has contributed AED 2 million to the Dubai Community Development Authority (CDA) from its Zakat Account, to support low-income Emarati families through CDA’s Social Solidarity Fund.
The contribution is in line with Emirates Islamic’s commitment to support humanitarian initiatives in the country through its charitable fund and social responsibility programme.
Commenting on the contribution, Awatif Al Harmoodi, General Manager, Operational Governance, Emirates Islamic, said: “At Emirates Islamic, we are always working to improve the life of Emarati citizens by reaching out to the less privileged amongst them and providing them assistance to meet their day-to-day needs. We are pleased to partner with the Dubai Community Development Authority to support this worthy cause during the blessed period, in keeping with our commitment to philanthropy and humanitarian initiatives.”
Saeed Al Tayer, CEO – Social Planning and Development Sector at Dubai Community Development Authority, said: “CDA’s Social Solidarity Fund aims to develop the spirit of social solidarity and strengthen the bonds of cooperation among society members; it also aims to provide social assistance to beneficiaries and to help them overcome ordeals and emergencies. The private sector support such as the support by Emirates Islamic contributes to bridge the gap between society members and promote social solidarity and cohesion among the society. On behalf of the CDA, I would like to thank Emirates Islamic for this generous contribution, which will provide great impetus to our efforts towards bolstering community welfare.”
This Ramadan, the bank is working with various charitable and humanitarian organisations to carry out activities across the UAE, in keeping with its mission to support the community it serves during the holy month, and the Year of Tolerance, as announced by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the President of the UAE.
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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 61 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
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