One of the top Islamic financial institutions in the UAE, Emirates Islamic, has started a campaign called "Trade More, Earn More" to encourage small and medium-sized enterprises to use its trade solutions for the best possible import and export business transactions.
Around 94% of all operating companies in the UAE and over 86% of the private sector's workers are in the SME sector, and the SME sector accounts for over 40% of Dubai's GDP. The bank's dedication to the booming SME sector in the UAE is strengthened by the new business banking campaign, which provides incentives for trade and sustainable development to help the sector reach its full potential.
From 15 February to 15 May 2023, a three-month campaign will reward business banking clients who route import and export paperwork through Emirates Islamic's trade solutions portfolio. On correctly submitted documents with the bank, customers will be able to earn an unlimited amount of cash back.
Commenting on the campaign, Farid Al Mulla, Head of Consumer Banking and Wealth Management at Emirates Islamic, said: “The UAE's strategic location has reinforced its position as a global logistics and trade hub. With UAE non-oil foreign trade hitting 2.2 trillion dirhams in 2022, we look forward to supporting the economy with a comprehensive set of business banking tools and incentives, while promoting sustainable development in one of the UAE economy’s most crucial sectors, the SME community. Emirates Islamic business banking continues to take innovative strides to ensure that Emirates Islamic retains its role as the UAE’s SME bank of choice.”