Abu Dhabi Commercial Bank donates to Zakat Fund

19/02/2012 23:58 AST  AME Info

Abu Dhabi Commercial Bank (ADCB) Islamic Banking has recently donated Dhs30,000 on behalf of Emirati Millionaire Saving Account (EMSA) customers to Zakat Fund. This donation comes as more than 1,200 customers have already opened their EMSA accounts since its launch 2 months ago.

The EMSA encourages UAE Nationals to save regularly while rewarding them with monthly cash prizes. ADCB's monthly draw for the EMSA and Millionaire Destiny Savings Account (MDSA) took place at the bank's head office in the presence of representatives from the Ministry of Economy in Abu Dhabi.

Commenting on ADCB's recent donation to the Zakat Fund, Abdul Aziz Ahmed Al Ali, Head of Resources of Zakat Fund, said, "I would like to thank ADCB for this donation as it represents a good opportunity to contribute for the well-being of the society. This truly complements the position of ADCB as a socially responsible bank and we, at Zakat Fund, look forward to cooperating further with ADCB Islamic Banking on behalf of EMSA customers."

Congratulating the winners, Amr Al Menhali, Head of Islamic Banking at ADCB, said, "Our new prize based product, EMSA is gaining momentum as many customers are opening this first of its kind Sharia' savings account dedicated for Emiratis, combining benefits of saving with winning opportunities. MDSA has also continued to be one of the most popular products of ADCB Islamic Banking having customers from 134 different nationalities including UAE Nationals whereby 17 accountholders have won cash prizes while others have won 320 Million TouchPoints, the ADCB renowned rewarding program."

Abu Dhabi Commercial Bank - ADCB
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