Emirates Islamic Launches Cash Back Campaign To Incentivise SME Trade Development In The UAE

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched their “Trade More, Earn More” campaign to incentivise small and medium-sized businesses to use the bank’s trade solutions suite for optimal import and export business transactions.

The SME sector accounts for more than 94% of total operational companies in the UAE and over 86%of the private sector’s workforce, while approximately 40% of Dubai’s GDP comes from its SME sector alone. The new business banking campaign strengthens the bank’s commitment to the UAE’sthriving SME sector, supporting it with incentives for sustainable development and trade while unlocking the UAE economy’s full potential.

The three-month campaign will run from 15 February to 15 May 2023 rewarding business banking customers routing import and export documentation through Emirates Islamic’s trade solutions suite. Customers will have the opportunity to earn unlimited cash back on successfully processed documentations with the bank.

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.”