Published: Sep 11, 2014
Source: Khaleej Times


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ADIB recognised for treasury services

Abu Dhabi Islamic Bank (ADIB), a top-tier financial institution, has received an award for Best Treasury Services in the Middle East by EMEA Finance. 

The award recognises ADIB’s comprehensive range of bespoke treasury products developed by its Treasury Division. EMEA Finance has recognised ADIB’s strength as a customer focused bank with an in-depth knowledge of the market and the infrastructure in place to deliver innovative products and solutions to their clients. The award shows that the quality of ADIB’s expertise is not limited to Islamic finance, but can be judged across the entire financial spectrum.

ADIB has one of the most innovative Islamic Treasuries in the region. The division offers customers 100 per cent capital protected investment products such as based on the performance of select smartphone manufacturers and auto manufacturers and was the first to create an Islamic Collateralised Murabaha Agreement, a Shariah-compliant tool to help banks to improve their liquidity management. Beside investment products and regular treasury products, ADIB Treasury actively works with its customers to provide tailor made solutions to manage their foreign exchange and profit rate exposures


Emirati graduates join FGB’s Nujoom programme

As part of its ongoing strategy to build and strengthen a sustainable pipeline of talented Emirati employees, FGB has launched the fourth phase of its fast-track management trainee programme, Nujoom.

14 Emirati banking and finance graduates from local and international universities have joined the programme, which will allow trainees to experience a diverse range of FGB’s business functions, through departmental rotations. The 18-month Nujoom scheme will provide the trainees with hands-on experience and knowledge of the bank’s various departments.


Mashreq offers free registration with AXA car insurance

UAE’s leading financial institution, Mashreq announced another convenient solution to customers that includes a free car registration as well as up to 200,000 Salaam points, to customers who purchase AXA car insurance through the bank.

The offering will apply to cars within the first three years of registration not currently insured with AXA, and worth a minimum premium of Dh2,500. In addition to the registration savings and Salaam points, Mashreq will also offer its customers the benefit of paying premiums in up to 12 equal monthly installments without any interest or processing fees. 


Emirates Islamic launches offer on school fee spends

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched an offer on the payment of school/university fees via credit card.

Emirates Islamic credit card customers can pay school fees in advance in the UAE or overseas with repayment in up to 12 months without any additional cost, through the zero per cent Easy Payment Plan (EPP).

In addition, they can earn a choice of rewards, ranging from up to Dh100 cash back, up to 1,000 bonus Skywards miles or up to 10,000 choice points as per their card type.


HBL and MasterCard offer payment innovations

Habib Bank Limited (HBL), Pakistan’s largest commercial bank, and MasterCard announced a partnership, which will pave the way for the introduction of MasterCard’s innovative payment tools in Pakistan that will provide a safe, simple and secure payment experience to cardholders.

The announcement was made during a signing ceremony held at the MasterCard’s office in Dubai between Faiq Sadiq, group head of payment services, HBL and Raghu Malhotra, division president of the Middle East and North Africa, MasterCard.  “We are very excited about our partnership with MasterCard,” said Sadiq.

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