Words of Wisdom - the Editor

Peace.
Got busy with a new project. So couldn’t add more news. Although I came across a fine article by a brother on the history and future of Islamic Banking. I was surprised to know that Islamic banking had beginnings in 1975. Wow. That’s almost as early as my birth. And I guess if there are enough like minded people any idea is bound to grow. I too used to wonder if I can invest without plunging into interest based transactions.

UK I noticed is taking some fine initiatives to promote Shariah Finance. Also came across a western brother or atleast who calls Muslims his brothers and sisters but laughs cynically at the DOW Islamic index as 'bending backwards' to accommodate those guys who have four wives and cut of peoples hands. O well some people just don't get it, do they?

Thursday, February 14, 2008

Emirates Islamic Bank continues its rapid growth by opening a new branch in Al Twar

Emirates Islamic Bank (EIB) took another step in line with its rapid growth by opening its 22nd branch in the country.

United Arab Emirates: February 13, 2008

The new branch, located in Al Twar, Al Nahda Road (Al Qusais 2), near Al Twar Centre, was officially inaugurated 13th of February.

The ribbon cutting ceremony was graced by the CEO of the bank in the presence of senior dignitaries, bank board members and other officials.

The CEO of Emirates Islamic Bank, Ebrahim Fayez Al Shamsi stated, 'Right since our inception, it has been our aim to be a frontrunner in providing personalized dynamic and efficient services to our customers. Branch expansion is a key element of this strategic priority. I am pleased to say that we have even more grand plans to increase our footprint in all the locations that our customers need us and consequently increase the reach of Islamic banking services. This is also our way of keeping pace with the immense progress that the nation is making.'

Like all EIB branches, Al Twar branch has been designed to cater to a wide variety of banking needs of customers and in the most customer friendly way possible. The branch will have all of EIB's retail banking products and services, 24-hour ATM withdrawal and deposit services, 'Al Reem' ladies banking as a separate section, as well as the Ethmar priority banking service that enables affluent customers at Al Twar and the surrounding areas to benefit from a host of privileges.

Photo caption: The ribbon cutting ceremony was graced by the CEO of the bank in the presence of senior dignitaries, bank board members and other officials.

 

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