Emirates Islamic Bank and Jumaa Al Majid Motors introduce their new Hyundai car finance scheme

Under the new finance scheme, customers with a minimum salary can pay a fixed profit rate of just 3.99% for the complete financial tenure. This offers the customer the convenience of long term financial planning. Flexible finance terms of up to 60 months are available to customers, with a further attractive option of paying the first installment a comfortable 120 days post registration. Furthermore, customers are offered a zero down payment option (subject to bank's approval).

Mr. Faisal Akil, General Manager Retail Banking at Emirates Islamic Bank, said,

"Emirates Islamic Bank is proud to announce its strategic alliance with Jumaa Al Majid Motors, Hyundai's exclusive car dealership. Such alliances are tactically devised to offer our customers the best in Shari'a-compliant packages with the utmost benefits secured. We hope that with the introduction of our new Hyundai Finance Scheme, we are making the dream of owning any Hyundai model more of a reality for our customers. Emirates Islamic Bank promises that all its products are designed with the customer's needs and convenience in mind."

Customers seeking to benefit from the Hyundai Finance Scheme must also take on Islamic insurance for a minimum of the first thirteen months. This special scheme is applicable to all Hyundai models. The promotion will run from May 5th to the June 30th 2006 and will be available at all Jumaa Al Majid Motor Co. branches across the UAE.