United Arab Emirates, Dubai 16th June 2009: Firmly on track with its strategy to expand in key locations throughout the UAE, Emirates Islamic Bank Emirates Islamic Bank , the leading Islamic financial institutions in the region has opened another new branch at a prime location in Al Ain.

The branch was formally inaugurated by Mr. Suleiman Al Mazroui EIB EIB board director, along with Mr. Nael Rashid Saif Al Shamsi Chairman of Nael Group, Mr. Ajlan Alqubaisi, Assistant Executive Director UAE Central Bank- Al Ain Branch, the bank's General Manager of Retail Banking Mr. Faisal Aqil. Also in attendance were a number of VIP customers, bank officials and branch staff.

At the opening, Mr. Aqil ed: "Al Ain is growing at a rapid pace in line with the dynamic growth of the UAE economy and has been identified by us as a huge growth area. This is the reason that we have decided to increase our Branch network here as a key part of our branch expansion through the country.This will ensure that we meet our key objective of better serving our valued customers and ensure service excellence on an ever evolving basis. With this addition EIB EIB 's branch network will reach a total of 30 throughout the UAE and we look forward to continuing to be the favourite Bank of our customers.

Conveniently located at the Jabal round-about, the new branch offers a comprehensive combination of products and services for both retail and business banking.. The branch also has an automated banking lobby which provides 24 hour access to the ATM and Cash Deposit Machines for added customer expediency.

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About Emirates Islamic Bank Emirates Islamic Bank : Emirates Islamic Bank Emirates Islamic Bank opened its doors in October 2004 with a mission to provide consumers in the UAE with effective and innovative Shari'a-compliant financial solutions.

The Bank offers a range of Shari'a compliant products and services conforming to the highest standards of Islamic finance and all its activities are overseen by a Shari'a board comprising several prestigious scholars of Islamic law.

On the retail side, the bank has an array of products, such as a full range of credit cards including Visa Infinite Card; Manzili Home Finance, Intaleq Car Finance, and many other products. The bank has also launched Al Reem Ladies Banking, a specialized banking service designed to cater to the banking and financial needs of women in the region.

The bank also offers Ethmar Priority banking to suit the demands of the high-net-worth clients.

Emirates Islamic Bank Emirates Islamic Bank is very active on the Corporate Banking level, seeking exceptional investment opportunities in the local as well as the regional market. Within almost three years of its inception Emirates Islamic Bank Emirates Islamic Bank has managed to position itself as one of leading financial players in the UAE's banking sector. The bank's rapid growth and success is mainly due to its continued successful launch of Shari'a compliant products, services and other key business initiatives.

EIB EIB is headquartered in Dubai, employs more than 800 staff and has currently 30 branches across the UAE.

Issued on behalf of Emirates Islamic Bank Emirates Islamic Bank by tamra C2 PR. For additional information please contact Suzan Barhoush, PR General Manager suzan@tamra-c2.com ; Tel: 04 295 11 77. Fax: 04 295 11 88

© Press Release 2009 omar 1.1:zy