Emirates Islamic Bank Launches Emarati Corporate Account
DUBAI, 12 April 2022 – Emirates Islamic Bank has launched the “Emarati Business Account” initiative, designed specifically to support domestic businesses in the UAE.
The new account builds on the bank’s continued commitment to supporting the UAE’s SME sector, which make up 94% of the total number of businesses and institutions operating in the country and contribute over 50% to GDP. from the country.
The small and medium enterprise (SME) sector is a key contributor to the national economy and helps boost the UAE’s global competitiveness while helping to increase non-oil GDP and advance economic diversification.
Commenting on the launch, Farid Al Mulla, Head of Consumer Banking and Wealth Management at Emirates Islamic, said: “As the leading Islamic bank in the region, we recognize the crucial role the community plays. Emarati business in economic growth in the UAE. , and are committed to meeting their needs.
We understand the unique requirements of this business segment, and through our new Emarati Corporate Account, we want to empower our national UAE customers and help them through every step of their business journey.