Latest news with #MohammadKamranWajid
Hi Dubai
09-05-2025
- Business
- Hi Dubai
Emirates Islamic Unveils Exclusive Business Banking Diamond Account for High-Value SME Clients
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." 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: • 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 News Source: Burson
Mid East Info
08-05-2025
- Business
- Mid East Info
Emirates Islamic unveils exclusive Business Banking Diamond Account for high-value SME clients - Middle East Business News and Information
Dubai, UAE, May 2025: 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. 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.
Hi Dubai
24-03-2025
- Business
- Hi Dubai
Emirates Islamic Successfully Prices $750 Million Sukuk Amid Strong Investor Demand
Emirates Islamic has successfully issued a US$750 million Senior Unsecured Sukuk on March 18, 2025, marking another milestone in its growth journey. The issuance received an overwhelming response, attracting an order book exceeding $1.6 billion, resulting in an oversubscription rate of 2.1 times. This strong demand enabled the bank to tighten the spread by 30 basis points, pricing the Sukuk at 95 basis points over five-year US Treasuries, with a coupon rate of 5.059% per annum. The Sukuk witnessed robust participation from over 100 investors, including first-time buyers, underscoring Emirates Islamic's increasing global recognition. Regional investors accounted for 80% of allocations, while 20% went to international investors. Farid AlMulla, CEO of Emirates Islamic, highlighted that this milestone reinforces the bank's growing reputation within the global investor community. Mohammad Kamran Wajid, Deputy CEO, emphasized the issuance as a testament to the bank's commitment to being the most innovative Shariah-compliant institution. Ebrahim Qayed, Head of Treasury and Markets, described the market response as "phenomenal," citing the success of two consecutive $750 million issuances as proof of rising investor confidence. The issuance was jointly managed by Emirates NBD Capital, HSBC, Mashreqbank, Dubai Islamic Bank, Standard Chartered Bank, and Sharjah Islamic Bank. This latest Sukuk further strengthens Emirates Islamic's position in the global Islamic finance landscape. News Source: Emirates News Agency
Web Release
22-03-2025
- Business
- Web Release
Emirates Islamic successfully issues USD 750 million 5 Year Senior Unsecured Sukuk
By Editor_wr On Mar 22, 2025 Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has successfully issued a USD 750 million Senior Unsecured Sukuk on 18th March 2025. This latest landmark issue supports the Bank's strategic growth journey as well as continued progress of the Islamic finance industry. The Sukuk attracted a very strong order book in excess of USD 1.6 billion, resulting in a 2.1 times oversubscription rate. The strong investor demand allowed the Bank to tighten the spread by 30 basis points from initial price thoughts, to 95 basis points over 5-Year US Treasuries, equating to a coupon of 5.059% per annum. The Issuance was well received by global investors with 80% of the sukuk allocated to regional investors and the remaining 20% allocated to international investors. There was demand from over 100 investors, including a considerable amount of new investors who bought the Bank's sukuk for the first time, reflecting the increasing name recognition of Emirates Islamic among the global investor community. Farid AlMulla, Chief Executive Officer said: 'Emirates Islamic is pleased to conclude the successful issuance of our most recent USD 750 million Sukuk. This milestone emphasises the increasing recognition of Emirates Islamic among the global investor community. Islamic Finance continues to see strong growth while delivering increasingly sophisticated products and structures. Emirates Islamic is committed to ensuring the proceeds are used to help growth the UAE economy.' Mohammad Kamran Wajid, Deputy Chief Executive Officer added: ' We are proud to conclude the next Sukuk in the growth journey of Emirates Islamic in line with our vision to be the most innovative Shariah compliant bank for our counterparties, customers, people, and communities As the UAE's preferred Islamic bank, Emirates Islamic remains committed to developing pioneering products and services to cater to the increasing demand for innovative Islamic finance solutions based on the highest standards of ethical banking.' Ebrahim Qayed, Head of Treasury and Markets commented: 'The market response to our new Sukuk Issuance has been phenomenal. Concluding two sizable deals of USD 750 mn each in two consecutive years is a testimony of the global market's growing appetite for investment opportunities from Emirates Islamic.' Emirates NBD Capital, HSBC, Mashreqbank, Dubai Islamic Bank, Standard Chartered Bank and Sharjah Islamic Bank were the Joint Lead Managers for the issuance. Prev Post Balqees Sparkles at Messika's Suhoor Comments are closed.
Gulf Today
21-03-2025
- Business
- Gulf Today
Emirates Islamic issues $750 million Senior Unsecured Sukuk
Emirates Islamic has successfully issued a $750 million Senior Unsecured Sukuk on 18th March 2025. The Sukuk attracted a very strong order book in excess of $1.6 billion, resulting in a 2.1 times oversubscription rate. The strong investor demand allowed the Bank to tighten the spread by 30 basis points from initial price thoughts to 95 basis points over 5-Year US Treasuries, equating to a coupon of 5.059 per cent per annum. The issuance was well received by global investors with 80 percent of the Sukuk allocated to regional investors and the remaining 20 percent allocated to international investors. There was demand from over 100 investors, including a considerable amount of new investors who bought the Bank's Sukuk for the first time, reflecting the increasing name recognition of Emirates Islamic among the global investor community. Farid AlMulla, Chief Executive Officer at the Bank, said, 'This milestone emphasises the increasing recognition of Emirates Islamic among the global investor community. Islamic Finance continues to see strong growth while delivering increasingly sophisticated products and structures.' Mohammad Kamran Wajid, Deputy Chief Executive Officer, said, 'We are proud to conclude the next Sukuk in the growth journey of Emirates Islamic in line with our vision to be the most innovative Shariah-compliant bank for our counterparties, customers, people, and communities.' Ebrahim Qayed, Head of Treasury and Markets, commented, 'The market response to our new Sukuk Issuance has been phenomenal. Concluding two sizable deals of $750 million each in two consecutive years is a testimony of the global market's growing appetite for investment opportunities from Emirates Islamic.' Emirates NBD Capital, HSBC, Mashreqbank, Dubai Islamic Bank, Standard Chartered Bank and Sharjah Islamic Bank were the Joint Lead Managers for the issuance. WAM
