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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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Everyday banking is a lot easier with our digital banking platforms and services.
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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.
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 April, 2019: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its financial results for the quarter ending 31 March, 2019. The Bank reported a record net profit of AED 411 million for the first quarter of 2019, an increase of 97% year-on-year and 54% quarter-on-quarter. The strong set of results was supported by balance sheet growth, higher funded income, growth in fee income and lower cost of risk.
Results Highlights:
Salah Mohammed Amin, Chief Executive Officer of Emirates Islamic commented: “We are very pleased to announce a strong performance by Emirates Islamic in the first quarter of 2019, continuing the growth trend from 2018. We have recorded our highest ever quarterly net profit since our inception in 2004, amounting to AED 411 million for Q1-19, a 97% increase year-on-year. Our operating performance is a result of core business growth, linked with a continuing improvement in cost of risk. The Bank’s balance sheet remains healthy with a further strengthening in capital due to retained earnings, stable credit quality and liquidity.
“At Emirates Islamic, we are committed to the growth of Islamic banking across the UAE, and we recently launched our flagship branch in Abu Dhabi, providing Retail, Priority, Business and Corporate Banking services to our customers in the capital. As an Islamic bank that has always set high standards, we have focused on enhancing the customer experience, with significant investments in improving technology and processes to provide customers with an easy and seamless banking experience. With more of our customers banking digitally, we will continue to expand the range of services on our Online Banking, Mobile App and other digital channels. Among many other firsts, we are the first and only Islamic bank in UAE to have launched all 3 major digital mobile wallets, namely Apple Pay, Google Pay and Samsung Pay, providing secure and convenient payment solutions to our customers.
Amin added, “As the official Islamic banking partner of Expo 2020 Dubai, we aim to play a key role in supporting the nation’s development. The uptake of Islamic banking products and services across the corporate, SME and individual segments has increased, and with our focus on innovation and superior customer experience, we are well positioned to increase our market share in this sector.”
The Bank was recognised for its focus on Emiratisation and providing career growth opportunities to UAE Nationals by winning the ‘Human Resources Development’ award from the Emirates Institute for Banking and Financial Studies. Emirates Islamic’s Kunooz Savings Account continues to be the preferred savings account in the UAE and was named ‘Best Banking Product’ by Global Banking & Finance Review. In recognition of the Bank’s efforts at driving innovation in the overall Islamic banking sector, Emirates Islamic was also named ‘Most Innovative Islamic Bank’ by Islamic Finance News.
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