Emirates Islamic Bank launches the benefit-packed INTALEQ Eid Promotion

This new Sharia-compliant car finance promotion will run until the end 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 Eid Promotion offers an array of competitive benefits and features such as no profit charges, no insistence on a salary transfer, zero down payment and an option to start the monthly repayment after a period of 90 days (free of profit).

Customers can also benefit from tailor-made features designed to suit their wallets like 72-month repayment periods and large finance amounts up to AED 350.000. These features give them the distinct advantage of planning out their finances and simultaneously help them have an improved lifestyle today with the ease of long-term repayments.

'Al Eid holds a special significance for our bank and our customers, and we wanted to recognize this by offering a very special product' said Mr. Faisal Aqil, GM Retail Banking for Emirates Islamic Bank. 'Providing them with a product that will brighten up their lives and make things easier for the entire family is a perfect way to recognize this time of the year' he added.

Like the rest of the products offered by the bank, INTALEQ Eid Promotion is completely transparent without any hidden charges. Customers applying for INTALEQ Eid Promotion also need to also apply to TAKAFUL Islamic Insurance, which will ensure that the new purchase also come with the additional benefit of peace-of-mind.