ISLAMIC banking uses a lending scheme based on shared profits and losses. Emirates Islamic Bank understands that innovative Sharia-compliant financial products can create more equitable wealth distribution and increase financial inclusion. The UAE-based bank has a network of more than 50 branches offering a range of personal and commercial financial products to meet customer needs. Emirates Islamic Bank develops products and services that are based on the principles of Islam and designed to enrich customers’ lives. The BV judging panel cited the bank’s multi-channel digital and analogue platform as a deciding factor in declaring Emirates Islamic as the winner of the 2019 award for Most Innovative Islamic Retail Bank (GCC).
