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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.
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.
Everyday 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, 30 October, 2017: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its financial results for the period ending September 30, 2017.
Results Highlights:
Jamal Bin Ghalaita, Chief Executive Officer of Emirates Islamic commented on the results, “After a challenging 2016, our results have shown a strong improvement with a net profit of AED 498 million, compared to AED 106 million in the same period last year. The results reflect our policies of effective cost management combined with prudent risk management. We continue to stringently manage our expenses, with operating cost down by 13 per cent compared to the same period last year. Net Impairment allowances have improved by 41 per cent year on year due to effective remediation and an improved cost of risk associated with both corporate and retail financing receivables. Current and Savings account balances represent 70 per cent of total customer deposits compared with 67 per cent at the beginning of the year, reflecting the Bank’s focus on improving its average cost of funding.”
“We are well positioned to benefit from current market opportunities as a result of our investment in technology and innovation. Digital transformation has been a key driver of improving the customer experience at Emirates Islamic. Recent digital initiatives include the launch of our revamped Mobile Banking app and QuickRemit foreign exchange transfers. Looking ahead, we will continue to provide our customers with market-leading products and services, leveraging on the benefits of the fast-growing Fintech industry.”
“At Emirates Islamic, we are always cognizant of our commitment to support the community. In this Year of Giving, as marked by U.A.E. President His Highness Sheikh Khalifa bin Zayed Al Nahyan, we have distributed more than AED 46 million to a number of charitable institutions and deserving causes. Our staff have proved generous in the spirit of volunteering as they gave their time to support individuals in need. We will continue to play our part in this noble cause, and in the process inspire other companies and individuals to lend their support in making UAE the happiest place in the world”, concluded Bin Ghalaita.
Emirates Islamic was recently named ‘Islamic Personal Finance Provider of the Year’ by YallaCompare, the region’s leading financial services comparison website. Other accolades received by Emirates Islamic this year include ‘Most Improved Website’ and ‘Best Social Media Reach’ at the 2017 Service Olympian Awards; ‘Best Savings Account’ and ‘Best Islamic Premium Card’ at the Banker Middle East Product Awards; and the title of ‘Service Hero” in the Islamic Banking category of the Service Hero Index.
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