National Bank of Fujairah launces NBF Islamic
Islamic proposition seeks to cater to growing customer demand and further establish NBF as a leading provider of comprehensive banking solutions in the UAE
National Bank of Fujairah (NBF) PJSC today announced the launch of NBF Islamic, a service proposition that seeks to provide clients with a comprehensive suite of Shariah-compliant financial solutions.
Initially, NBF Islamic will offer a suite of retail banking products catering to key customer financial requirements. All NBF Islamic products and services are competitively priced and available across the UAE through NBF's branch network, at which dedicated staff are ready to help customers with their banking needs. Plans are also underway to expand NBF Islamic's service offerings to better support companies and businesses in the UAE.
Underscoring the bank's commitment to upholding the principles of Islamic law and operating with the utmost integrity, NBF Islamic will be guided by the Shariah Supervisory Board of Amanie Advisors comprising four of the world's preeminent scholars: Dr. Mohamed Ali Elgari (Chairman), Dr. Mohd Daud Bakar, Dr. Muhammad Amin Ali Qattan and Dr Osama Al Dereai.
Sharif Mohd. Rafei, NBF's Head of Retail Banking, said that the introduction of NBF Islamic reaffirms the bank's customer focus and service commitment: "Over the years, we have been witnessing a growing demand for Islamic banking products as we broadened our personal banking footprint beyond our traditional home base of Fujairah.
"With NBF Islamic, we will not only be able to better serve the needs of our customers, but further establish our growing reputation as a well-respected local bank fully committed to preserving the values of the community."
Vince Cook, NBF's Chief Executive Officer, said that the development of NBF Islamic into a full-fledged proposition encompassing a comprehensive range of solutions for both retail and corporate banking segments will be a strategic priority: "We are pleased to contribute to the UAE's aspirations to becoming a hub for Islamic finance. Expanding our suite of client-centric solutions is crucial to the success of our customers and the bank, and we are confident that NBF Islamic will further establish our position as a reliable and trusted banking partner in the UAE.
"We are privileged to have a group of world-renowned Shariah scholars guiding us in our efforts, and look forward to combining their insight and experience with the bank's expertise and track record in support of our customers' success."
About National Bank of Fujairah PJSC:
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.
NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg Company LLC and Investment Corporation of Dubai. Rated Baa1/Prime-2 by Moody's and BBB+/A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol "NBF". It has a branch network of 15 across the UAE.
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