Emirates Islamic unveils exclusive Business Banking Diamond Account for high-value SME clients
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of its new Business Banking Diamond account. The account is a premium and bespoke offering crafted to deliver a superlative banking experience for the sophisticated financial needs of high-value Small and Medium Enterprises (SMEs) and established businesses.
The launch was announced at an exclusive event held recently at the Armani Hotel – Burj Khalifa in Dubai. As a bank actively serving more than 40,000 SMEs - with one in 15 SMEs banking with Emirates Islamic's business banking segment - the new account goes beyond traditional banking to deliver a seamless blend of financial mastery, privileged access and lifestyle elevation. This new account reflects the bank's commitment to excellence and empowering SMEs while contributing to the UAE's thriving business ecosystem.
The Business Banking Diamond account offers a comprehensive suite of services and benefits designed to provide unparalleled support and convenience to growing businesses. The new account includes priority access across all Bank channels, a unique metal Visa Signature Debit Card with high withdrawal and POS limits, airport lounge access, car rental discounts globally and much more. Business Banking Diamond customers can also enjoy exclusive banking support with a dedicated Relationship Manager and a Trade & FX advisor as well as preferential pricing on the bank's products and services.
Farid AlMulla, Chief Executive Officer of Emirates Islamic, said:"We are delighted to launch the new Business Banking Diamond account, a value proposition that reflects our unwavering commitment to providing innovative and tailored solutions to our valued business clients. We understand the unique challenges faced by high-growth SMEs, and this account is specifically designed to empower them with the tools and support they need to achieve their ambitions."
Mohammad Kamran Wajid, Deputy Chief Executive Officer at Emirates Islamic, said:"With the launch of the Business Banking Diamond account, Emirates Islamic is setting a new standard of bespoke business banking services in the UAE. Designed to meet the evolving needs of high-growth enterprises, this proposition combines personalised relationship management with a suite of exclusive benefits - assisting our clients to focus on scaling their businesses with confidence.'
Mohamed Al Hadi, Head of Retail Banking and Wealth Management at Emirates Islamic, added: "The Business Banking Diamond account demonstrates our dedication to providing tailored solutions for businesses. Our clients expect more than just traditional banking. They seek a trusted partner who understands their ambitions and lifestyle. The Business Banking Diamond account reflects our vision to deliver relationship driven experiences to navigate the complexities of the modern financial landscape. This launch is testimony to our commitment as a strategic enabler in the SME ecosystem, a vital engine of the UAE economy."
Additional information on features and benefits:
Priority and Dedicated Support:
Priority treatment at branches, call center and Business Banking centers Dedicated Relationship Manager, Trade & FX advisor & Service representative to assist with daily banking needs
Dedicated Call Center
Free Chequebooks
Free WPS Salary Transfer
Up to 20 transactions free in a month at the teller
Cash Management Suite
Lifestyle Benefits:
Visa Signature Debit Card (Metal Card)
Higher withdrawal & POS limits
Concierge services
Lounge Access
Hospitality Discounts
Exclusive Invitations & experiences
Airport Meet & Greet
Car Rental discounts
E-Sim data bundles
Business Assistance and Protection:
Global Assistance
Multi-Trip Insurance
Extended Warranty
Emergency Medical & Travel Assistance
About Emirates Islamic:
Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE.
Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and 229 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp.
Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024. The Bank was also named the 'Most Innovative Islamic Bank' at the prestigious Euromoney Islamic Finance Awards 2024.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
an hour ago
- The National
Iranian Foreign Minister in Beirut to 'open new chapter' with Lebanon
Iranian Foreign Minister Abbas Araghchi is in Beirut to meet top Lebanese officials andhopes 'to open a new chapter in relations' with Lebanon as it begins the process of disarming non-state actors and strengthening its national army. The visit, part of Mr Araghchi's tour of the region, comes amid calls for Tehran's strongest proxy group Hezbollah to disarm in Lebanon - an indication of Iran's uncertain regional footing. Mr Araghchi met Lebanese President Joseph Aoun, Prime Minister Nawaf Salam and Parliament Speaker Nabih Berri. The Iranian minister's first meeting was with Lebanese Foreign Minister Youssef Rajji, who is perhaps the strongest critic of Hezbollah in the new Lebanese government and was nominated for his position by the Lebanese Forces – parliament's largest party and an opponent of the Iran-backed group. "They had an absolutely frank meeting," according to a Foreign Ministry source who did not wish to be identified. "They discussed Hezbollah weapons, the negotiations between Iran and the US, rebuilding, south Lebanon, and the issue of respecting Lebanon's sovereignty," the source added. The Iranian FM was receptive to Mr Rajji's concerns and "listened very well." The Lebanese Foreign Minister's office said Mr Rajji emphasised the importance of securing support for Lebanon's reconstruction and economic recovery "exclusively through the Lebanese government and official institutions." The Iranian Foreign Minister said Iranian companies were ready to help with reconstruction efforts if the Lebanese government requested it. Iran, through Hezbollah, has donated money to cover a year's rent and loss of possessions for those who lost their homes during the war with Israel. A source close to Hezbollah said the visit was focused solely on Iran-Lebanon relations. They said Mr Araghchi's visit had nothing to do with negotiations over Iran's nuclear programme. "Iran's role in reconstruction hasn't changed; from the moment the ceasefire took effect, Tehran expressed to the Lebanese government its readiness to actively contribute to whatever Lebanon needs," the source said. "Iran's relationship with Hezbollah is not up for question or debate. It is a historical bond and is treated as such. It has always stood on the side of Lebanon's strength and resilience," they added. On the nuclear issue, Mr Araghchi said a new US proposal submitted via Oman threw up "many ambiguities and questions". Throughout the day, Lebanese officials and the Iranian Foreign Minister repeatedly stressed a desire for a relationship based on mutual respect and non-interference in each other's relations. Lebanon's Foreign Ministry summoned Iran's ambassador to Beirut in April over suggestions that plans to disarm Hezbollah were a "conspiracy". Lebanon faces reconstruction and recovery needs of more than $11 billion, according to a World Bank report published earlier this year. But who will foot that bill remains unclear, with the country bankrupt and the international community weary. Mr Aragchi had earlier been received on arrival on Tuesday by a representative of Mr Berri and two Hezbollah MPs. The Iranian minister will also probably meet officials from Hezbollah, the Lebanese armed group and political party. The whereabouts of its new leader Naim Qassem, who regularly gives televised speeches from an undisclosed location, are unclear. Mr Araghchi last visited Beirut in February to attend the funeral of Hassan Nasrallah, the long-time Hezbollah leader who was assassinated last year in an Israeli bombing on the Lebanese capital. Iranian support had been instrumental in Hezbollah turning into the region's most powerful non-state armed group. But its war with Israel last year has seen Hezbollah's power significantly weakened, although it still remains a critical Lebanese actor. Along with the killing of Mr Nasrallah, almost all of Hezbollah's senior leadership has been wiped out as well as its largest missiles. Lebanon is under pressure from many in the international community, as well as some inside the country, to disarm Hezbollah. President Aoun has said he wants all arms under the control of the state as soon as possible, but insists this must be done through mediation and not force. Mr Araghchi is travelling from Cairo, where he had said Iran is 'ready to provide assurances' that its nuclear programme is peaceful, as Tehran and Washington seek to reach a deal on the issue.
The National
an hour ago
- The National
Steve Witkoff must testify about 'secret side deal' with Iran, top Democrat says
A leading US senator on Tuesday said special Middle East envoy Steve Witkoff must appear before Congress to face questions about whether the Trump administration is trying to cut a 'secret side deal' with Iran. Mr Witkoff, Secretary of State Marco Rubio and President Donald Trump have repeatedly said Iran will not be allowed to enrich any uranium as part of continuing nuclear talks, including for civilian purposes. But reports by The New York Times and Axios contradict this. They say Washington and Tehran are working on a solution in which Iran could enrich uranium at low levels for civilian use until the US and other nations formulate a larger plan that stops its progress towards a nuclear bomb. 'Steve Witkoff must testify before Congress,' Senator Chuck Schumer, the top Democrat in the Senate, said on X. 'Is there a secret side deal that will allow Iran to continue enriching uranium and empowers Iran's nefarious activity or not?' Whether Mr Witkoff testifies is up to Republicans, who control the US Senate and House of Representatives. The reports also say the proposal suggests the formation of a regional consortium to produce nuclear power, which could include Saudi Arabia and other nations. In a separate video message, Mr Schumer accused Mr Trump of 'folding' to Iran's demands. 'What kind of bull is this? You're going to sound tough in public and then have a secret side eal that let's Iran get away with everything. That's outrageous.' The purported agreement would allow for Iran and the US to find a way past red lines both countries have drawn. Mr Trump has said Iran will not be allowed to enrich 'any' uranium, while Iran has said that its ability to enrich uranium is non-negotiable. When asked about a side deal, State Department spokeswoman Tammy Bruce declined to comment on any negotiations. 'What I can say, though, of course, is that the maximum-pressure campaign on Iran remains in full force,' she told reporters. The Wall Street Journal reported on Sunday that a directive came down last week from White House press secretary Karoline Leavitt to pause all new sanctions activity towards Iran.
Al Etihad
2 hours ago
- Al Etihad
UAE companies highly confident about trade prospects despite global disruption: Survey
4 June 2025 00:23 MAYS IBRAHIM (ABU DHABI)Companies in the UAE are among the most confident globally about their trade prospects despite ongoing geopolitical and supply chain turbulence, according to HSBC's 2025 Global Trade Pulse report – which surveyed more than 5,700 international firms across 13 countries – found that 94% of UAE-based businesses believe their operations will benefit from the shift in trade dynamics in the long surpasses the global average of 89%, putting the UAE just behind India (96%) in terms of optimism, and ahead of the US (93%).This sentiment comes amid a wider reshuffle in global trade patterns, as many companies grapple with increased costs and revenue pressures due to tariffs and supply chain UAE's positive outlook contrasts with a growing sense of caution in Western markets. For example, 51% of US firms surveyed expect supply chain disruptions to reduce their revenue by 25% or more. 'As trade policies continue to fluctuate, businesses are compelled to rethink their long-term strategies. The current landscape demands agility and foresight, with companies prioritising domestic markets and exploring new regions to mitigate risks,' the report stated.'These strategic shifts are crucial to maintaining competitiveness and ensuring business continuity in an unpredictable global economy.'The HSBC survey highlights a global trend of 'reshoring' and 'nearshoring', with 83% of companies planning to bring production closer to their customer bases. Companies in the US have been the most active in reshoring to date (44%), while companies in China are the most likely to be planning similar steps in the future (48%).'In parallel with these shifts in production strategy, the majority of businesses globally (nearly 90%) are also planning to diversify their supplier base – expanding across multiple regions to further reduce their exposure to tariffs and ongoing trade uncertainty,' the report said. While the financial impact of ongoing trade disruption is expected to be substantial and long-lasting, the HSBC survey highlights strong signs of resilience and of corporate all surveyed markets, 77% of companies say the uncertainty has prompted them to evolve and seek new is emerging as a core response strategy, according to the report. Nearly 9 in 10 businesses globally report they have already invested in or are planning to invest in tools to enhance supply chain visibility, adopt automation in production and logistics, or improve their use of data analytics. The same proportion of respondents are expanding into new markets, developing new products, adopting technology, or adjusting cost structures to respond to shifting trade dynamics. Nearly 60% of all respondents have already adopted a new technology or digital platform, while 56% improved internal efficiency or altered their cost base and 51% have developed new products or services.
