Emirates Islamic supports emerging Emirati companies with a range of business banking solutions

Dubai, May 11: Emirates Islamic, one of the leading Islamic financial institutions in the United Arab Emirates, launched the new “Emirati Absher Business” account designed to provide a comprehensive range of banking solutions for promising emerging Emirati companies.
This new business bank account comes in line with the UAE’s strategy to support small and medium-sized businesses owned by nationals by providing financing programs and special support initiatives.
In addition to the basic business banking services, the “Emirati Absher Business Account” is offered to support startups in their early stages, as it does not require a minimum balance for the first six months, and provides the possibility of immediate account opening with one of the lowest average monthly balance requirements in the business banking sector. .
This account is exclusively available to companies owned by UAE nationals that were established and obtained their trade license no more than six months ago.
Account holders will also be able to conduct banking transactions anywhere and anytime by accessing the latest cash management platform ‘businessONLINE’ at no additional charge.
Farid Al Mulla, Head of Retail Banking and Wealth Management at Emirates Islamic, said: “We continue our efforts to empower Emirati entrepreneurs by providing carefully tailored solutions that suit their needs, make banking easier and help them expand into emerging markets. economic growth, and the advancement of the entrepreneurial sector in the United Arab Emirates to the next stage of growth, and as a preferred bank for the citizens of the country and a major driver of banking solutions compatible with Islamic law for small and medium enterprises in the country, we will continue to make efforts and exceed expectations to enable the most important pillars of the local economy. .