Emirates Islamic rolls out new campaign to incentivize SME trade development

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

The new business banking campaign strengthens the bank’s commitment to the UAE’s thriving SME sector, supporting it with incentives for sustainable development and trade while unlocking the UAE economy’s full potential.

According to the statement, “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.”

Farid Al Mulla
Farid Al Mulla
Consumer Banking & Wealth Management
Emirates Islamic

“The UAE’s strategic location has reinforced its position as a global logistics and trade hub. With UAE non-oil foreign trade hitting $599 billion (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.”

Furthermore, customers will have the opportunity to earn unlimited cash back on successfully processed documentations with the bank.

The SME sector accounts for more than 94 percent of total operational companies in the UAE and over 86 percent of the private sector’s workforce, while approximately 40 percent of Dubai’s GDP comes from its SME sector alone, as per the reports.

Related: SME Bank allocates $2.7bn to boost Saudi’s entrepreneurship ecosystem