Emirates Islamic Bank launches prepaid card

Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, today announced the launch of the Emirates Islamic Bank Prepaid Card, a competitively priced card that provides unparalleled benefits to customers in terms of simpler documentation process, improved security features and services.

The Emirates Islamic Bank Prepaid Card offers 3D secure service for online transactions, a variety of discounts, and global usage facility across ATM, POS and online transactions, at an incredibly low rate of fees and charges. Emirates Islamic Bank has also made the application process for the prepaid card convenient and user friendly, with minimal documentation. Additionally, the cardcomes packed with a host of value-added features and benefits that make it a highly attractive product for customers. It can be easily topped up through a CDM machine, at the branch or through online banking.

“Pre-paid cards are becoming increasingly popular both globally andin the region, because of their ability to help control and manage expenses better,” said Faisal Aqil, Deputy CEO-Consumer Wealth Management, Emirates Islamic Bank. “We have noticed a growing trend among customers to use prepaid cards particularly for small ticket items and online shopping, and we believe this is the opportune time to launch this product. The Emirates Islamic Bank Prepaid Card reiterates our brand as a provider of Shari’a compliant products that caters to all the financial needs of our customers.”

The launch of the new product augments the bank’s existing product line up, and is in line with the bank’s strategy to provide innovative Shari’a compliant solutions and products to customers from all segments of the society.