Home GCC UAE UAE’s Emirates Islamic offers free Business Banking debit cards to SMEs The initiative will grant an alternative channel to customers seeking access to cash by Zainab Mansoor June 14, 2020 Dubai-headquartered Emirates Islamic, part of the Emirates NBD Group, is offering its Business Banking debit cards free of charge to eligible SME clients, Dubai Media Office reported. Emirates Islamic’s Business Banking debit card offers customers with an alternative medium to seek access to cash and supports their ongoing cash flow requirements. SME clients will have access to their accounts through the bank’s ATM and CDM network. The debit cards will be issued free of charge to eligible business banking customers, and in partnership with Visa, accepted at millions of locations worldwide for retail and online purchases. Additionally, the card can be added to mobile wallets such as Apple Pay, Samsung Pay and Google Pay. Emirates Islamic’s Business Banking debit card also offers warranty and purchase protection for lost, damaged and stolen goods. “We remain committed to supporting UAE SME businesses and the economy during this difficult time by developing innovative products and services that address their challenges while ensuring that customer excellence remains at the heart of our proposition,” said Wasim Saifi, deputy CEO at Emirates Islamic. “Our Business Banking debit card offers SME clients, including LLCs, a convenient way to manage their business expenses efficiently, providing them a seamless, digital alternative to withdraw cash,” added Syed Ghazanfar Naqvi, head of business banking at Emirates Islamic. Emirates Islamic currently supports the banking needs of more than 46,000 UAE-based SMEs, and its business banking segment recorded double-digit growth in 2019. This move is the latest in a string of efforts made by the bank to lend support in the aftermath of the pandemic. In April, Emirates Islamic contributed Dhs10m to support the Community Solidarity Fund Against Covid-19. Read: Emirates Islamic contributes Dhs10m to UAE’s Covid-19 relief fund Additionally, in April, Emirates NBD and Emirates Islamic pledged Dhs4m from their charity fund towards the UAE’s Ministry of Education (MoE) to facilitate the nation-wide distance learning programmes. Read more: UAE’s Emirates NBD, Emirates Islamic pledge Dhs4m to education ministry The contribution – which comprises of Dhs2m from Emirates NBD and Emirates Islamic each – will help provide laptops to UAE students to support their e-learning endeavours. Tags ATM Business banking debit card cash Covid-19 Emirates Islamic Emirates NBD Group pandemic SMEs UAE 0 Comments Share Tweet Share Share You might also like Stiff Dhs10,000 fine announced for UAE corporate tax dodgers UAE’s property market shows no sign of cooling off, says CBRE UAE weather: NCM forecasts cloudy skies, rainfall from Feb 28-March 1 UAE to announce petrol prices for March: will rates increase?