Emirates Islamic Launches ‘Cardless Cash Withdrawal’ Feature via Its Mobile Banking App

Press release
Published December 30th, 2018 - 09:09 GMT
Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management, Emirates Islamic.
Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management, Emirates Islamic.

As part of its commitment to provide the best customer experience in digital banking, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has introduced Cardless Cash Withdrawal - a unique feature available on the Bank’s Mobile Banking App.

Customers can now initiate the cash withdrawal from the Bank’s Mobile Banking App and the funds can then be withdrawn from any Emirates Islamic ATM without using a debit or credit card. This innovative service also allows the Bank’s customers to make transfers to recipients using only their mobile phone number. Beneficiaries will receive an SMS with a one-time PIN to withdraw the amount transferred from the closest Emirates Islamic ATM.

Commenting on the new service, Wasim Saifi – Deputy CEO, Consumer Banking and Wealth Management, Emirates Islamic said: “Emirates Islamic has been a pioneer in introducing digital innovations in the Islamic banking sector and we are extremely pleased to launch the Cardless Cash Withdrawal service for our customers. Cardless Cash Withdrawal provides a seamless banking experience for our customers, merging the convenience of our Mobile Banking App with the accessibility of our wide ATM network. Using this service, our customers can transfer cash instantly to anyone including individuals who may not have an account with us, who can then withdraw the cash without a Credit or Debit Card from any Emirates Islamic ATM. We are confident that this service will bring increased convenience to our customers.”

Background Information

Emirates Islamic Bank

Welcome to Emirates Islamic. Launched in 2004, the bank was established to deliver the highest standards of banking services in line with the highest standards of Shari'a principles. Offering a broad range of products designed for individuals and small businesses as well as large corporations, Emirates Islamic is the right choice for those looking for excellence in managing their finances. 

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