Emirates Islamic Bank (EIB) have launched a new Islamic personal finance product called Investment Murahaba which is set to attract customers across the Middle East.
With this product, customers will now be able to purchase Sharia Compliant Shares listed on the Abu Dhabi Securities Exchange (ADX) or Dubai Financial Market (DFM). The customers can hold or sell their shares depending on their objectives i.e growth in their investments or enhancing their funds flow. The product is for UAE Nationals as well as expats and is based on the Wakalah / Murabaha structure.
Commenting on the launch, Faisal Aqil, GM Retail Banking for Emirates Islamic Bank stated,"We have always believed that only a truly customer centric organisation is an organisation of today and tomorrow. It is this belief and passion that has endeared us to our customers & helped us acquire more and more customers at a rapid pace. We are confident that our customers will be delighted with this offering as well and keep us on the bottom of their hearts and top of their minds when planning for their financial future"."Investment Murabaha" is available through all 31 branches of EIB as well as its sales offices across the Emirates. The product offers competitive rates. and payment tenures for as long as 15 years. It also comes with exciting features such as zero processing fees, prestigious Skywards EIB credit card as a pre-approved facility and much more.