Bank to offer an array of Shariah compliant Visa products

The Visa cards to currently be offered to Al Hilal customers include the Visa Classic and Visa Gold cards.

"Visa is delighted to be working with Al Hilal bank to deliver Shariah compliant products to customers. Visa is committed to developing tailor made payment solutions which help banks become leaders in their respective marketplaces,"

said Robin Mukherjee, UAE Area Manager, Visa Inc.

The new Al Hilal Visa cards are structured according to Islamic principles. The suite of Visa products will offer unsurpassed acceptance as well as additional benefits such as 24/7 emergency roadside assistance.

"This is a new landmark in our bank's history. We have forged this tie with Visa in a limited time frame and we are positive that the services they provide will enable Al Hilal Bank to offer a wider product range to our existing and potential customers. We look at Visa as our business partner, in achieving our target for the development of the private and public sectors, as well as our national economy,"

said Mohammed Berro, CEO, Al Hilal Bank.

Mohamed Zaqout, EVP and Head of Personal Banking, Al Hilal Bank added, "Through this partnership we are giving our customers the opportunity to experience all the positive attributes provided by Visa. This relationship will help us develop segmented product offerings to our customer base. With our flag ship branch in Al Sahel Tower, Abu Dhabi (The Mall Branch) we have segmented the customer experience across youth, women, children and mass banking and will be delivering innovative credit and debit products which will best suit individual lifestyle and consumer requirements. We are looking at specialised products to cater to the aspirations of each of our segments and we strongly believe our association with Visa will help us achieve our ambitious plan."