Latest news with #EmiratesIslamicBank
TECHx
2 days ago
- Business
- TECHx
Jumbo Electronics Launches GAME ON at Mall of the Emirates
Home » Emerging technologies » Gaming » Jumbo Electronics Launches GAME ON at Mall of the Emirates Jumbo Electronics has announced the launch of 'GAME ON', a major gaming event at its flagship store in Mall of the Emirates. The event runs until 22nd June 2025. GAME ON offers a high-energy experience for gamers of all levels. From casual players to professionals, everyone is welcome to join. The event features: Gaming competitions with AED 275,000 worth of prizes Daily challenges and leaderboard rewards Jumbo reported that GAME ON is part of its efforts to strengthen ties with the UAE's gaming community. The store has been transformed into a fully immersive gaming arena. Players can compete in popular titles such as Fortnite, Counter-Strike 2, Call of Duty: Warzone, and EA FC 25. All gameplay equipment, including PS5 consoles and high-performance gaming laptops, is provided onsite. Each participant gets three attempts per game. Scores must be submitted to the onsite admin to appear on the live leaderboard. Weekly, the top four players in each game will win gaming headsets and accessories. By the end of the event, the overall top 16 will receive grand prizes such as gaming laptops, monitors, peripherals, and full gaming kits. Additionally, anyone purchasing a gaming laptop at Jumbo before 22nd June will receive an exclusive gaming kit worth AED 299 or AED 700, depending on the model. These offers are available while stocks last. Registration is simple. Players can sign up at and show up ready to compete. Vikas Chadha, CEO of Jumbo Electronics, stated, 'Gaming is a core part of our vision. Through GAME ON, we aim to build deeper connections with the gamer community.' Beyond gaming, Jumbo has also revealed its Eid Mubarak Best Price Guarantee campaign. This offer runs from 2nd to 8th June 2025. During this campaign, Jumbo guarantees the lowest prices on eligible products, matching competitor prices both in-store and online at Customers can also benefit from: 10% cashback up to AED 200 with Emirates Islamic Bank and Sharjah Islamic Bank credit cards Easy instalment plans via Mashreq Bank, Emirates NBD, Emirates Islamic Bank, and Deem Finance Jumbo continues to expand its reach in gaming and tech retail. GAME ON marks another step toward offering more value and experiences to customers across the UAE.
Zawya
23-04-2025
- Business
- Zawya
Emirates Islamic Bank's profits hike to $272mln in Q1-25
Dubai: The net profits of Emirates Islamic Bank jumped to AED 1 billion in the first quarter (Q1) of 2025 from AED 811.44 million in Q1-24. Earnings per share (EPS) increased to AED 0.18 as of 31 March 2025 from 0.14 in the year-ago period, according to the financial results. The DFM-listed lender recorded total operating income valued at AED 1.44 billion in Q1-25, an annual rise from AED 1.34 billion. Total assets amounted to AED 123.35 billion in Q1-25, compared to AED 111.12 billion a year earlier. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, commented: 'The bank successfully issued a $750 million Senior Unsecured Sukuk in Q1-25. This successful benchmark issue reflects the increasing recognition of Emirates Islamic among the global investor community, evidenced by over $1.60 billion of demand from local and international investors.'
Arabian Business
22-04-2025
- Business
- Arabian Business
Emirates NBD's balance sheet crosses AED1 trillion after strong Q1 numbers
Emirates NBD 's balance sheet surpassed the AED1 trillion (US$272.3 billion) milestone in the first quarter of 2025, as the bank posted strong results, including a 56 per cent rise in profit before tax to AED7.8 billion (US$2.12 billion) and an 11 per cent year-on-year increase in income. The performance followed another quarter with strong lending momentum, an improvement in deposit mix, and new products. Impressive loan and deposit growth in a buoyant regional economy boosted the balance sheet. Deposits grew by 5 per cent (AED31 billion), driven by a record AED27 billion (US$7.35 billion) increase in low-cost current and savings account balances. Loans grew AED18 billion (US$4.9 billion) during the quarter, with over half of the increase sourced from the bank's growing international network. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD, commented: 'Emirates NBD's profit before tax grew substantially by 56 per cent to AED7.8 billion in the first quarter of 2025, driven by strong regional expansion, increased digital adoption, an outperforming funding base and sustained loan recoveries. 'All business units achieved outstanding performance as they delivered higher income year-on-year. The Group delivered a very impressive 3.5 per cent loan growth in Q1 as lending grew AED18 billion, with over half of the increase being sourced from our growing international network.' Earlier this year, Emirates NBD acquired the remaining 0.11 per cent stake in Emirates Islamic Bank (EIB) to take full ownership and delisted it. In the first quarter, Emirates Islamic's quarterly profitability crossed the AED1 billion mark for the first time ever. Shayne Nelson, Group Chief Executive Officer, added: 'Emirates NBD delivered an 11 per cent year-on-year increase in income, propelled by excellent loan growth and our ability to attract and retain low-cost deposits. 'The group's ability to substantially grow income is a direct benefit of the strategic investment in our regional footprint, digital and GenAI, helping to offset the impact of lower interest rates. Innovative products have successfully harnessed key growth areas, including private banking, wealth management, escrow, regional corporate growth and investment banking. 'We continue to develop strategic partnerships to accelerate advanced digital payment solutions for clients and have expanded our collaboration with three exciting FinTech companies ranging from blockchain-based payments to international beneficiary validation.' Emirates NBD reported impairment credit of AED0.5 billion on impressive recoveries as clients benefit from a buoyant regional economy. Impaired loan ratio improved to 3.1 per cent. The bank now enjoys a 35 per cent market share of UAE credit card spend, with over AED50 billion credit and debit card spend during the quarter. Patrick Sullivan, Group Chief Financial Officer said: 'The group's low-cost Current and Savings Account deposit base grew by a record AED27 billion in the first quarter, helping absorb the impact of lower interest rates. 'The credit environment remains healthy, and clients continue to benefit from a buoyant economy, leading to a net impairment credit of AED0.5 billion.'
Al Bawaba
27-03-2025
- Business
- Al Bawaba
Emirates Islamic contributes AED 5 million to Fathers' Endowment campaign
Announcing a AED 5 million contribution, Emirates Islamic Bank joined a growing list of contributors to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The campaign honours fathers in the UAE by establishing a sustainable endowment fund to provide treatment and healthcare for the less Islamic's contribution is part of a community-wide response to the campaign, an initiative of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI). The campaign honours fathers by allowing individuals to donate in their name. The campaign promotes the values of honouring parents, compassion, and solidarity and helps strengthen the UAE's position as a leader in charitable and humanitarian work, while further establishing the concept of charitable campaign also aims to strengthen the values of generosity and deep human solidarity, for which the UAE is known, and create a community-wide movement that supports its to humanitarian workFarid Al Mulla, CEO of Emirates Islamic stated: 'The Fathers' Endowment campaign represents the UAE's commitment to global humanitarian and charitable efforts. By establishing a sustainable endowment to help alleviate the suffering of patients worldwide, the campaign provides hope and access to essential needs, particularly sustainable healthcare.'Al Mulla added: 'Emirates Islamic is honoured to participate in the Fathers' Endowment campaign, which continues the UAE's tradition of charitable initiatives during Ramadan. These campaigns reinforce the UAE's leading role in global philanthropy by providing healthcare to those most in need and empowering vulnerable communities to live with dignity.'Donation channelsThe Fathers' Endowment campaign continues to welcome donations and contributions to the endowment fund from institutions and individuals across six main channels including the campaign's website ( as well as a dedicated call center via the toll-free number (800 4999). Donations are also possible via bank transfers in the UAE dirham to the campaign bank account number with Emirates Islamic Bank (IBAN: AE020340003518492868201). Donations via SMS are possible by sending the word 'Father' to the following numbers (1034 to donate AED 10, 1035 to donate AED 50, 1036 to donate AED 100 and 1038 to donate AED 500) for Etisalat by e& and du users. Other possible platforms for donating to the campaign are the DubaiNow app by clicking the 'Donations' tab, and Dubai's community contributions platform Jood ( © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Etihad
27-03-2025
- Business
- Al Etihad
Emirates Islamic contributes Dh5 million to Fathers' Endowment campaign
27 Mar 2025 12:40 DUBAI (Aletihad)Announcing an Dh5 million contribution, Emirates Islamic Bank joined a growing list of contributors to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of campaign honours fathers in the UAE by establishing a sustainable endowment fund to provide treatment and healthcare for the less Islamic's contribution is part of a community-wide response to the campaign, an initiative of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI).The campaign honours fathers by allowing individuals to donate in their name. It promotes the values of honouring parents, compassion, and solidarity and helps strengthen the UAE's position as a leader in charitable and humanitarian work, while further establishing the concept of charitable Al Mulla, CEO of Emirates Islamic, stated, 'The Fathers' Endowment campaign represents the UAE's commitment to global humanitarian and charitable efforts. By establishing a sustainable endowment to help alleviate the suffering of patients worldwide, the campaign provides hope and access to essential needs, particularly sustainable healthcare.'Al Mulla added, "These campaigns reinforce the UAE's leading role in global philanthropy by providing healthcare to those most in need and empowering vulnerable communities to live with dignity.'The campaign continues to welcome donations and contributions to the endowment fund from institutions and individuals across six main channels including the campaign's website ( as well as a dedicated call centre via the toll-free number (800 4999).Donations are also possible via bank transfers in the UAE dirham to the campaign bank account number with Emirates Islamic Bank (IBAN: AE020340003518492868201). Donations via SMS are possible by sending the word 'Father' to the following numbers (1034 to donate Dh10, 1035 to donate Dh50, 1036 to donate Dh100 and 1038 to donate Dh500) for Etisalat by e& and du users. Other possible platforms for donating to the campaign are the DubaiNow app by clicking the 'Donations' tab, and Dubai's community contributions platform Jood (
