• HSBC

Emirates Islamic Bank launches INTALEQ for Ramadan

  • United Arab Emirates: Wednesday, September 10 - 2008 at 14:58
  • PRESS RELEASE

In commemoration of Ramadan this year, Emirates Islamic Bank has launched INTALEQ (Vehicle Finance) Promotion.

This new Shariaa-compliant vehicle finance promotion will run until the second of October, giving its customers an easier way to gift themselves a car during this auspicious time of the year.

Based on the Islamic banking concept of Murabaha, INTALEQ Ramadan Promotion offers an array of competitive benefits and features such as no insistence on a salary transfer, zero down payment and an option to start the monthly repayment after a period of 90 days.

INTALEQ also offers tailor-made features designed to suit the customer's budgets that include 72-month repayment periods and higher finance amounts. These features give the distinct advantage of financial planning which simultaneously helps clients to improve their lifestyle with the ease of long-term repayments.

"Ramadan holds a special significance for our bank, our customers and our community. At Emirates Islamic Bank, we are always keen on celebrating this Holy month by launching special offers that cater to the needs of our customers,"

said Mr. Faisal Aqil, GM Retail Banking for Emirates Islamic Bank.

"With INTALEQ, car buyers in the UAE will have the option of an easy and hassle-free financing product coupled with great levels of personal service to celebrate the Holy Month of Ramadan," Mr. Aqil continued.
Mr. Faisal Aqil, GM of Retail Banking for Emirates Islamic Bank. 
Mr. Faisal Aqil, GM of Retail Banking for Emirates Islamic Bank.
Article Options
Log in to request more information from Emirates Islamic Bank (EIB)

Notes and Media Contacts »

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.

For additional information please contact:

Suzan Barhoush
Head of PR
tamra-c2
Tel: +9714 295 11 77
Fax: +9714 295 11 88

Disclaimer »

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions