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Dubai: Emirates NBD and Emirates Islamic have contributed AED 4 million (from their Charity Fund) to the UAE’s Ministry of Education in support of its online and distance learning initiatives launched for all UAE schools during the ongoing COVID-19 pandemic.
The contribution will help provide laptops to UAE students, supporting the community through this worthy initiative in these unprecedented times. The contribution comprises AED 2 million on behalf of Emirates NBD and AED 2 million from Emirates Islamic.
The Ministry of Education stressed that the government and private sector complement each other as they play similar roles that are critical to the development, and contribute to the success of the UAE economy while benefiting the development, growth and prosperity of our society. This collaboration will help ensure that students continue to receive quality education during these challenging times.
The Ministry commended Emirates NBD and Emirates Islamic for their support, which facilitates the continued uptake of distance learning, in light of the current situation, and reaffirms the importance of the private sector’s role in enhancing the framework of knowledge and development among students. We appreciate this cooperation and are confident that together, with the Almighty’s blessings, we shall overcome the challenging situation ahead.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, Chairman of Emirates Islamic said: “As a leading local banking Group, Emirates NBD and Emirates Islamic are honored to contribute to the Ministry of Education’s distance learning initiatives. Nothing is more important for us than the health, safety and well-being of our colleagues, customers and the community and the development of our future generations. We want to help students stay connected and for education to remain uninterrupted during this uncertain time. We believe that public-private sector collaborations have a strong role to play in keeping our community protected and resilient and we remain confident that we will all emerge through this experience stronger together. We would also like to take this opportunity to applaud all our dedicated teachers across the UAE as they work to support children with online learning during these challenging times - you are all heroes.”
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About Emirates NBD
Emirates NBD (DFM: Emirates NBD) is a leading Bank in the MENAT region. As at 31st December 2019, total assets were AED 683.3 Billion, (equivalent to approx. USD 186 Billion). The acquisition of DenizBank represents a significant milestone for Emirates NBD with the Bank expanding its presence to 13 countries, servicing over 14 million customers. The Bank is ranked among the top 20 in the Forbes’ list of the World’s Best Regarded Companies, securing a leading spot among global brands.
The Bank has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry with 94% of all financial transactions and requests conducted outside of its branches. The Bank announced the creation of E20., a digital business bank for entrepreneurs and SMEs while Liv., the lifestyle digital bank for millennials continued to be the fastest growing retail proposition in the UAE. Emirates NBD was named ‘Best Digital Bank in the Middle East’ at the Euromoney Awards for Excellence in 2019, affirming the Bank’s status as a digital banking leader among its regional peers.
The Bank has operations in the UAE, Egypt, India, Turkey, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 979 branches and 4,150 ATMs / SDMs. The Bank has a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand for 2019. Emirates NBD is a major player in the UAE corporate segment and has strong Islamic banking, investment banking, private banking, asset management, global markets & treasury and brokerage operations.
Emirates NBD is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform. The Bank is recognised for the pioneering efforts in employee volunteering and corporate social responsibility by IMPACT2030, the corporate volunteering arm of the United Nations. Emirates NBD Group is a Premier Partner and the Official Banking Partner for Expo 2020 Dubai. For more information, please visit: www.emiratesnbd.com
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 58 branches and 210 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp.
Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. The bank was awarded ‘Best Islamic Bank” in the UAE in 2018 by Global Finance and ‘Best Islamic Banking Brand’ by Global Brands Magazine. Emirates Islamic 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. In 2019, the bank won the ‘Human Resources Development’ award from the Emirates Institute for Banking and Financial Studies, and Service Olympian Award for ‘Most Improved Website’. In addition, Emirates Islamic was named ‘Most Innovative Islamic Bank’ by Islamic Finance News, and its Kunooz Savings Account was named ‘Best Banking Product’ by Global Banking & Finance Review.
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 on Emirates NBD, please contact:
Ibrahim Sowaidan
Senior Vice President
Head - Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113 / +971 50 6538937
e-mail: ibrahims@emiratesnbd.com
Tricia Kaul
asda’a bcw; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: Tricia.Kaul@bcw-global.com
For further information on Emirates Islamic, 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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