Emirates Islamic (DFM: EIB), a part of Emirates NBD Group, is a prominent Islamic financial institution in the U.A.E. Established in 2004 as Emirates Islamic Bank, it has cemented its position as a major player in the highly competitive financial services sector in the U.A.E. The bank offers a comprehensive range of Shari’a-compliant products and services across the Personal, Business, and Corporate banking spectrum, with a network of 40 branches and 221 ATMs/CDMs across the U.A.E. In the realm of online and mobile banking, the bank is an innovator, being the first Islamic bank in the U.A.E. 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 recognition for its strong performance and innovation in banking. It was distinguished as the ‘Best Overall Islamic Bank’ and ‘Most Innovative Islamic Bank’ at the Islamic Finance News Awards 2024. The Bank also received the title of the ‘Most Innovative Islamic Bank’ at the prestigious Euromoney Islamic Finance Awards 2024. As part of its commitment to the U.A.E. community, the Emirates Islamic Charity Fund provides financial aid with a focus on food, shelter, health, education, and social welfare contributions. In March 21, 2025, Emirates Islamic secured a significant $750.00M debt financing investment. This continuing investment underscores the confidence in the bank's strategic direction and its potential for growth within the financial services sector. Emirates Islamic Bank (P.J.S.C.) is licensed by the Central Bank of the UAE.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | $750.00M | - | 21 Mar 2025 | |
Debt Financing | $500.00M | - | 18 Apr 2024 |
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