Emirates Islamic to offer UAE Nationals home finance solutions under Sheikh Zayed Housing Programme

May 19, 2019

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced a partnership with the Sheikh Zayed Housing Programme. Enhancing its position as the preferred bank for UAE Nationals, Emirates Islamic will provide home finance solutions to the beneficiaries of projects built and delivered by the housing programme.

The partnership strengthens Emirates Islamic’s support of the UAE government’s vision to offer adequate, high quality housing to citizens.

Commenting on the partnership, Wasim Saifi, Deputy CEO, Consumer Banking and Wealth Management at Emirates Islamic, said: “As a leading Islamic bank in the UAE, Emirates Islamic has always focused its efforts on enhancing life for Emarati citizens. We are very pleased to announce this partnership with the Sheikh Zayed Housing Programme, solidifying our commitment to provide housing for UAE nationals, which is a key priority of our nation’s leaders. We will continue to endeavour in our efforts to support Emarati families to ensure that they can access quality and affordable housing easily.”

Mohammed Abdul Latif Lootah, Executive Director of Support Services at Sheikh Zayed Housing Programme, said: “We are delighted to partner with Emirates Islamic to offer new home financing solutions for UAE Nationals that ensure national family residential stability and improve access to adequate housing. We believe that public-private sector collaborations, like this one with Emirates Islamic, emphasise integration with the private sector, which is a key partner in achieving the Programme's aspirations through the quality of services it provides.”

As part of its value proposition, Emirates Islamic will offer several benefits to Sheikh Zayed Housing Programme home financing beneficiaries, including 50% discount on processing fees for auto and personal finance solutions. Customers will also receive Emirates Islamic’s free-for-life ‘Emarati Credit Card’, which is the only card of its kind in the country for UAE Nationals.