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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
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Start your banking journey with the leading bank in the region.
Find a suitable account and applyDiscover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
View support centreEveryday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
Learn more about our services and get the most out of your banking relationship with us.
Visit our dedicated support center for answers to all your banking-related questions.
Start your Priority Banking journey and live your success
Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, 17 October, 2016: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its financial results for the period ending September 30, 2016.
Results Highlights:
“Emirates Islamic’s results this quarter reflect the prudent provisioning and secure financial policies of the bank. In light of the current economic atmosphere, the Bank aims to first strengthen its balance sheet and then move into a conservative growth strategy”, said Jamal Bin Ghalaita, Chief Executive Officer of Emirates Islamic. “There is an increasing appetite for Islamic financial services in the UAE, reflected in the twelve percent increase in our assets and the five percent growth in our customer deposits during 2016.
“This positive sentiment was also evident with our record breaking Sukuk, launched earlier during the year that was three times oversubscribed, indicative of the faith that our investors have in us,” continued Bin Ghalaita.
“We continue to invest in widening the market for Islamic banking with the second edition of our successful ISLAMIC BANKING INDEX BY EMIRATES ISLAMICTM, a thought leadership initiative that has given us a deeper insight into the banking habits of UAE consumers. With over half of the UAE already having at least one Islamic product in their portfolio and two thirds saying they would subscribe to a Shari’a compliant product, the bank remains poised to reap the benefits of these findings in a controlled manner.
“As a homegrown financial institution that has carefully invested in innovation over the past few years, Emirates Islamic remains committed to fulfilling the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minster, and Ruler of Dubai, of making Dubai the world capital of the Islamic economy.” concluded Bin Ghalaita.
On July 27 2016, Fitch Ratings, the global ratings agency, affirmed the long term Issuer Default Rating of Emirates Islamic at ‘A+’ with a Stable Outlook. Fitch also affirmed the Bank’s support rating of '1'.
Emirates Islamic was named the Fastest Growing Bank – UAE at the recent Banker Middle East Industry Awards 2016, in recognition of its exceptional growth in 2015. The bank was also recognised among Global Finance’s 2016 ‘The Innovators’ of Islamic Finance for EI trade, the world’s first of its kind Shari’a-compliant online Trade Finance and Supply Chain platform.
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