Emirates Islamic selected as the lead cash management service provider by Kimera Group to support financial operations
Solidifies bank's position as a transformative partner for large-scale, high-value financial flows and transaction management
Bank to also facilitate payroll services and provide Corporate Credit Cards
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced that it has been mandated as the lead cash management service provider for the entire UAE financial operations of the Kimera Group.
As part of the collaboration, Emirates Islamic will provide Kimera Group with a comprehensive suite of innovative digital and operational solutions, including access to its digital banking platforms businessONLINE and smartTRADE, Smart Cash Deposit Machines (SCDM), Cheque Scanning ICCS and Remote Cheque Printing, thus delivering seamless and intelligent solutions tailored to Kimera Group's specific needs. In addition, the Bank will also facilitate Payroll (Non-WPS) services and Corporate Credit Cards for the Group.
Mohammad Kamran Wajid, Deputy Chief Executive Officer, Emirates Islamic, said: 'We are pleased to partner with Kimera Group to deliver digital banking solutions to meet their advanced financial needs. With a focus on innovation, operational excellence, and client-centric solutions, we continue to strengthen our position as a trusted partner to corporate clients, further reinforcing our position as a key player in the UAE's banking sector.'
He added: 'As a leading Islamic bank in the region, we are committed to providing our customers with digitally-first banking solutions, unlocking efficiency, convenience and empowerment. We look forward to collaborating with Kimera Group to facilitate greater business agility and improved performance, while guiding them through their digital transformation journey.'
Tariq Al Ghussein, Chief Executive Officer, Kimera Group said: 'Partnering with Emirates Islamic is a strategic move in advancing Kimera Group's financial operations with state-of-the-art digital banking solutions. Their expertise and innovative platforms will enable us to enhance operational efficiency, optimise transaction management, and drive greater financial agility. This collaboration reflects our commitment to integrating best-in-class financial solutions that support our growth, strengthen our capabilities, and position us for long-term success.'
Link for the Press Release and HQ Image: https://we.tl/t-vsMbpzXmyF
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 Shari'ah-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.
As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
Please contact:
Amina Al Zarooni
Media Relations Manager, Emirates Islamic
Tel: +971 4 4397430; Mob: +971 56 6405080
Email: AminaAlZarooni@emiratesislamic.ae
Burson
Dubai, UAE
Tel: 971-4-4507600;
Email: EI@bm.com
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