Emirates Islamic launches two Business Banking centres dedicated for SMEs

Emirates Islamic has expanded its Business Banking centre network to support small and medium enterprises (SMEs) by launching two new facilities in the heart of Dubai, bringing the number of Emirates Islamic Business Banking centres to a total of 7 in the UAE.

The two new centres feature exclusive meeting rooms that will enable SME clients to meet privately with their relationship managers, providing dedicated and personalised services to accommodate the specific needs of this sector. In addition, the centres will offer a service proposition that include Shari’a compliant working capital solutions, products, trade finance, Emirates Islamic Business credit and debit cards and access to online banking via the newly launched “business ONLINE” platform.

Ghazanfar Naqvi, Head of Business Banking at Emirates Islamic said: “Supporting the SME sector is a top priority for Emirates Islamic and we will continue to expand the footprint of Islamic Business Banking in the UAE and provide innovative solutions to support the growing business needs of SMEs. Following our recently launched Digital Banking Package, the opening of the Sheikh Zayed and Al Twar centres will further enhance our ability to strengthen our relationship with our SME clients in the country.”

The new Business Banking centres build on Emirates Islamic’s ongoing commitment towards supporting the growth of UAE’s SME sector, which represents more than 94 percent of the total number of companies operating in the UAE and employs over 86 percent of the private sector workforce, according to the Ministry of Economy.