UAB’s Islamic Credit Card awarded by Visa

31/01/2011 00:00 AST

The award ceremony took place at the Coral Beach Resort in Sharjah where the award was presented to UAB’s Chairman, HE Sheikh Faisal Bin Sultan Bin Salem Al Qassimi by Stuart Isted, Business Leader, from Visa Inc.

Sheikh Faisal Al Qassimi said, “To win this award is a clear indication of UAB’s commitment to Islamic Banking and our vision to confirm our position amongst the leading banks in the region offering a comprehensive range of Islamic banking services. The Bank has made steady progress in recent years and is in excellent shape despite challenging market conditions. We are well positioned to grow and further nurture our distinctive banking tradition in both Conventional and Islamic banking within complete openness and transparency.”

Paul Trowbridge, UAB’s CEO said, “Recognising and respecting the desires of a growing number of our valued clients to conduct their banking and financial transactions in accordance with Shari’ah principles, UAB has launched Islamic Banking. Focusing on client needs coupled with building long-lasting relationships with them will continue to be the drivers of UAB’s future growth and success. Our Shari’ah compliant products and services, including UAB’s Islamic Credit Card, are designed to cater to the needs of a wide segment of our customers.”

Kamran Siddiqi, Visa’s General Manager for the region, stated, “Visa is committed to supporting and rewarding innovative work from our partner banks and we are very pleased to recognize UAB’s Islamic Credit Card for its innovation and unique design.”

Tom Smith, EVP, Group Head - Retail Banking, said, “I am very proud today to have won this award from Visa. Our Islamic Card is the first vertically designed Islamic Credit Card in the region. It has been carefully developed by a team of professionals with Islamic banking expertise in the wake of strong demand from customers of different income groups who wish to have a credit card that is fully compliant with the rules of Islamic Shari’ah and that offers numerous benefits and a truly distinctive look and feel.”

CPI Financial