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Emirates Islamic launches Child Savings Account  Join our daily free Newsletter

MENAFN Press - 08/12/2013

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(MENAFN Press) Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of its new Child Savings Account. The new account is free to children and comes with Hassala, and a complimentary pre-paid card, which for a limited introductory period will include AED 100 credit. The initiative is in line with the bank's on-going strategy to encourage a culture of savings in the community.

In addition to their pre-paid card, when applying for the Child Savings Account, children will also receive a colourful welcome pack and activity book explaining the importance of saving from an early age. Parents opening the account on behalf of their child will be entitled to avail of the Takaful cover at the value of AED 120,000 per account, which is free for the first two months.

"At Emirates Islamic we recognise the importance of ensuring future financial stability through long-term planning and saving," said Faisal Aqil, Deputy CEO, Consumer Wealth Management at Emirates Islamic. "Understanding the significance of financial well-being and security starts at a young age, which is why we have launched this new child-friendly account to encourage children to start saving."

The idea behind Emirates Islamic's Child Savings Account is to instil the value of saving from a very young age, which falls in line with the bank's wider initiatives to encourage customers to become more accountable for their finances in preparing for unforeseen circumstances.


About Emirates Islamic
Established in 2004, as Emirates Islamic Bank, Emirates Islamic opened its doors with the clear goal of offering discerning customers Islamic finance solutions. Combining the best in Shari'a compliant services with the strongest levels of customer care and efficiency, the bank has established itself as a major player in the highly competitive financial services sector in the UAE. Offering products and services developed in line with the highest ethical standards, Emirates Islamic gives customers the transparency they seek in a strong, honest financial partner.Emirates Islamic offers a comprehensive range of products and services across the Personal, Business and Corporate banking spectrum. Its network has expanded to reach over 50 branches and more than 100 ATMs across the UAE. In the fast growing area of online and mobile banking, the bank has the reputation as an innovator, and was the first Islamic bank to launch a mobile banking app and the first bank in the Middle East to launch an App on the new Windows 8 mobile platform.Emirates Islamic has received numerous accolades, both regionally and in the international arena, including recognition for "Best Islamic Bank, UAE" by two extremely prestigious publications, World Finance and CFI. In 2013, the bank was recognised as a "Superbrand 2013," and as the "Best Corporate Bank" in the UAE in 2013. In addition, it has also been recognised by Sheikh Mohamed Bin Rashid Business Award and Ethos Award for Best Islamic Bank for Customer Service in the UAE. These awards are recognition of the high levels of customer satisfaction as well as an acknowledgement of the bank's strong record of performance, growth and market leading banking practices.

 






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