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Start your banking journey with the leading bank in the region.
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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.
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Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
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Visit our dedicated support center for answers to all your banking-related questions.
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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.
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, 24 February 2021
Emirates Islamic (DFM: EIB), one of the leading Islamic financial institutions in the UAE, held its forty-fifth General Assembly Meeting virtually.
At the General Assembly Meeting, a review of the year ended 31 December, 2020 was presented. Commenting on the Group’s performance, Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, Vice Chairman and Managing Director of Emirates NBD, said “The COVID-19 pandemic caused disruptions to all global economies, industries and individuals. As a result of the low profit rate environment coupled with a more challenging business environment due to the pandemic, Emirates Islamic reported a total income of AED 2.1 billion, with a net loss of AED 482 million for 2020. The Group’s balance sheet remains healthy with strong impairment coverage, liquidity and capital ratios.
“We continue to play a pivotal role in the growth of the Islamic banking sector in the UAE and supporting the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, to make Dubai the global capital of Islamic economy. We are going into 2021 with a commitment to advance the Islamic banking sector and bring the benefits of Islamic banking solutions to even more individuals and institutions in the UAE,” added Al Qassim.
Emirates Islamic Full Year 2020 Financial Highlights:
Al Qassim concluded: “I would like to extend my gratitude to our Board of Directors, our management team and all Emirates Islamic employees for their incredible dedication to our performance as we have worked through an extraordinary set of events. I would also like to thank our loyal and valued customers and shareholders for their continued trust in us as we look forward to a brighter year ahead.”
The following resolutions were passed at the General Assembly Meeting:
Special Resolutions:
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