Emirates Islamic الإمارات الإسلامي

Emirates Islamic Bank is one of the leading Islamic banks in the UAE, offering a wide range of Shari’a-compliant products and services to individuals, businesses, and corporate clients. The bank was established in 2004 and is headquartered in Dubai. Emirates Islamic is a subsidiary of Emirates NBD, one of the largest banking groups in the region.

Emirates Islamic Bank operates under the principles of Islamic finance, which prohibits the charging or paying of interest (riba) and the investment in businesses that deal with prohibited products or services such as alcohol, gambling, and pork products.

Instead, the bank follows the principles of profit and loss sharing (PLS), where profits and losses are shared between the bank and its clients based on a pre-agreed ratio.

Emirates Islamic Bank offers a range of retail banking products and services, including savings accounts, current accounts, personal loans, auto finance, credit cards, and wealth management solutions. The bank also provides Islamic financing solutions to businesses and corporate clients, including trade finance, project finance, and working capital finance.

The bank has a strong digital presence and offers a range of innovative digital banking solutions to its customers. Emirates Islamic’s mobile banking app allows customers to access their accounts, pay bills, transfer funds, and perform other banking transactions using their smartphones.

The bank also has a robust online banking platform that offers a range of services, including account management, bill payments, and fund transfers.

Emirates Islamic Bank has received several awards and accolades for its innovative products and services, including the ‘Best Islamic Digital Bank’ award at the 2020 Islamic Finance Awards and the ‘Best Islamic Bank in the UAE’ award at the 2020 Global Islamic Finance Awards.

The bank is committed to providing innovative, Shari’a-compliant banking solutions to its customers and contributing to the development of the Islamic finance industry in the UAE and beyond.

Emirates Islamic Bank Branches