Emirates Islamic Bank to finance Hydra Properties' customers

Notes and media contacts

Issued on behalf of Emirates Islamic Bank by tamra C2. For additional information please contact Suzan Barhoush or Randa Gharzeddine. Tel: 009714 295 11 77
Fax: 00971 4 295 11 88

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.

About Hydra Properties:
Hydra Properties is a leading Abu Dhabi based international real estate company. Launched in mid 2006, Hydra Properties has established itself as a major trendsetter that owns and operates real estate bringing value through a redefined concept of living that draws on the strength of its management with special attention given to customer care. Value remains the key; value to the company's stakeholders, and lifetime value to the communities that Hydra Properties creates.

Not merely a developer of buildings, Hydra Properties creates full-fledged communities that flourish in enriching environments defined by comfort, serenity and well-being.

These communities prosper in thriving developments, whose strategic location in proximity to business centers and commercial hubs, provide comfortable living.

Hydra Properties remains focused on adding local, regional and international prime real estate projects and investment opportunities to its exponentially widening portfolio. Hydra Towers, Eves Tower, Hydra Downtown Tower, Hydra Twin Towers, Hydra Village, Golf Walk and other projects are but a few examples of Hydra Properties' ever-growing realty portfolio, which includes mega projects that will soon generate shockwaves in the real estate market.