Emirates Islamic Bank expands its network with aswaaq

Dubai, September 6th , 2008: aswaaqaswaaq, a public joint stock company under formation, has recently signed a contract to lease to the Emirates Islamic Bank (EIB)Emirates Islamic Bank (EIB)Emirates Islamic Bank
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an area of its second community centre in Al-Mizhar, scheduled to be opened in the last quarter of this year.


AswaaqAswaaq CEO, Abdul Baset Al-Janahi, signed the contract for his side, while EIBEIB's Retail Banking General Manager, Mr. Faisal Aqil, also signed for his outfit in a short ceremony attended by officials from both sides.


In a statement after the signing of the contract agreement, Al Janahi said: "The leasing of this area to a leading player such as Emirates Islamic Bank is a good achievement for AswaaqAswaaq which aims at providing the best services to its customers and shoppers by ensuring the availability of all their day to day needs in AswaaqAswaaq community centers."


He added that AswaaqAswaaq had started leasing its community centers since last February and had received a large volume of applications from various interested companies.


He noted that diversification and precision are the basic features of his outfit's policy in deciding which company should be leased space in AswaaqAswaaq centers although advantage is given to members of the Mohammed bin Rashid Establishment for Young Business Leaders and UAE nationals living in the areas where the center is located.


EIBEIB Retail Banking General Manager, Faisal Aqil, expressed happiness for his outfit's success in signing a leasing contract with AswaaqAswaaq. "With this step, Emirates Islamic Bank has added a new branch to its numerous branches in all emirates of the UAE to meet the demands of the bank's customers," he added.


He pointed out that the new bank in AswaaqAswaaq community center in Al-Miz'har basically aims at serving the residents of the area and shoppers in the centre. "By opening this branch we ensure being closer to our customers," he said, adding that the new branch, which will provide various banking services, will have ATM for cash deposit and withdrawal to allow shoppers at the centre to enjoy easy day to day banking services at all time.