Post by Sapphire Capital on Jul 21, 2008 23:39:57 GMT 4
July 21, 2008
Emirates Islamic Bank announced profit rate on customer deposits for the 2nd quarter of 2008, recording once again the highest profit rates in the market.
The annual rate of 5.29% on the two-year investment accounts is the highest return declared so far for 2008 by any bank. The one year, 9 months, 6 months, and 3 months investment accounts annual rates of 5.00% , 4.41%, 4.11%, and 3.82% respectively, are also considered to be among the highest returns in the UAE banking industry.
Commenting on the results, Mr. Faisal Aqil, General Manager Retail Banking at Emirates Islamic Bank stated: “So far the year 2008 is turning to be yet another record breaking year for the bank on all fronts. The bank achieved outstanding half year results and we continue to lead as preferred bank for our target segment, including depositors. This is yet another win for our customers coming soon after the highly successful launch of Skywards EIB Credit Card. This reiterates our commitment to be customer centric in all that we do. Customers can expect to hear new exciting news in the coming days".
Emirates Islamic Bank has 24 branches and is expected to open several other new branches in different areas of the UAE in the coming months.
About Emirates Islamic Bank
Emirates Islamic Bank opened its doors in October 2004 with a mission to provide consumers in the UAE with effective and innovative Shari’a-compliant financial solutions.
The Bank offers a range of Shari'a compliant products and services conforming to the highest standards of Islamic finance and all its activities are overseen by a Shari'a board comprising several prestigious scholars of Islamic law.
On the retail side, the bank has an array of products, such as a full range of credit cards including Visa Infinite Card; Manzili Home Finance, Intaleq Car Finance, and many other products.
The bank has also launched Al Reem Ladies Banking, a specialized banking service designed to cater to the banking and financial needs of women in the region. The bank also offers Ethmar Priority banking to suit the demands of the high-net-worth clients.
Emirates Islamic Bank is very active on the Corporate Banking level, seeking exceptional investment opportunities in the local as well as the regional market. Within almost three years of its inception Emirates Islamic Bank has managed to position itself as one of leading financial players in the UAE’s banking sector.
The bank’s rapid growth and success is mainly due to its continued successful launch of Shari’a compliant products, services and other key business initiatives.
EIB is headquartered in Dubai and employs more than 800 staff.
Emirates Islamic Bank announced profit rate on customer deposits for the 2nd quarter of 2008, recording once again the highest profit rates in the market.
The annual rate of 5.29% on the two-year investment accounts is the highest return declared so far for 2008 by any bank. The one year, 9 months, 6 months, and 3 months investment accounts annual rates of 5.00% , 4.41%, 4.11%, and 3.82% respectively, are also considered to be among the highest returns in the UAE banking industry.
Commenting on the results, Mr. Faisal Aqil, General Manager Retail Banking at Emirates Islamic Bank stated: “So far the year 2008 is turning to be yet another record breaking year for the bank on all fronts. The bank achieved outstanding half year results and we continue to lead as preferred bank for our target segment, including depositors. This is yet another win for our customers coming soon after the highly successful launch of Skywards EIB Credit Card. This reiterates our commitment to be customer centric in all that we do. Customers can expect to hear new exciting news in the coming days".
Emirates Islamic Bank has 24 branches and is expected to open several other new branches in different areas of the UAE in the coming months.
About Emirates Islamic Bank
Emirates Islamic Bank opened its doors in October 2004 with a mission to provide consumers in the UAE with effective and innovative Shari’a-compliant financial solutions.
The Bank offers a range of Shari'a compliant products and services conforming to the highest standards of Islamic finance and all its activities are overseen by a Shari'a board comprising several prestigious scholars of Islamic law.
On the retail side, the bank has an array of products, such as a full range of credit cards including Visa Infinite Card; Manzili Home Finance, Intaleq Car Finance, and many other products.
The bank has also launched Al Reem Ladies Banking, a specialized banking service designed to cater to the banking and financial needs of women in the region. The bank also offers Ethmar Priority banking to suit the demands of the high-net-worth clients.
Emirates Islamic Bank is very active on the Corporate Banking level, seeking exceptional investment opportunities in the local as well as the regional market. Within almost three years of its inception Emirates Islamic Bank has managed to position itself as one of leading financial players in the UAE’s banking sector.
The bank’s rapid growth and success is mainly due to its continued successful launch of Shari’a compliant products, services and other key business initiatives.
EIB is headquartered in Dubai and employs more than 800 staff.