Emirates Islamic Bank, Dubai Bank launch Indian Rupee remittance campaign

The campaign, which will continue till October 31, 2012, enables existing and walk in Indian customers of both Emirates Islamic Bank and Dubai Bank, to take advantage of the reduced exchange rate available on Indian remittance transactions during this period.

"Emirates Islamic Bank is committed to provide a one-stop shop of comprehensive financial solutions to its customers, so that customers can benefit from a range of state-of-the-art retail banking options within a Sharia-compliant banking environment," said Faisal Aqil, Deputy Chief Executive Officer, Consumer Wealth Management, Emirates Islamic Bank & Dubai Bank.

"The recent change in the UAE Dirham - Indian Rupee exchange rate has witnessed a surge in remittances by our Indian customers, and we would like to provide our customers the maximum benefit from such remittances through providing optimum money transfer solutions," he added.

Emirates Islamic Bank opened its doors in October 2004 with a mission to provide customers in the UAE with innovative Shari'a-compliant financial solutions. The Bank offers a wide range of products and services conforming to the highest standards of Islamic finance and all its activities are overseen by a prestigious Shari'a board.

EIB offers a comprehensive combination of products and services for Retail, Corporate and Investment banking. On the retail side, the bank has an array of products, such as Credit Cards; Manzili & Bina'a Home Finance, Intaleq Car Finance, Ethmar priority banking, Al Reem ladies banking, Emtalik personal finance, SME business.

Emirates Islamic Bank is also very active on the Corporate Banking level, seeking exceptional investment opportunities in the local as well as the regional market.

To ensure the proximity to our customers, EIB has expanded its network to reach 34 branches as well as more than 100 ATM's throughout the UAE. And to provide customers with the friendliest banking solutions, the bank has developed a wide range of Alternate Banking Channels such as Mobile Banking Service, Internet & Phone banking. With EIB alternate banking channels, customers will be able to perform a wide range of transactions at anytime and from anywhere.

EIB has received numerous accolades such as the prestigious Sheikh Mohamed Bin Rashed Business Award and Ethos Award for best Islamic bank for Customer Service in the UAE, also our Manzili Home Finance product was credited as the Best Islamic Home Finance Product from CPI financial. These awards signify the high level of customer satisfaction as well as display the bank's good practices within their banking methods.