We conduct an interview of a Scholar named Shafqat Siddiqui to provide a comprehensive information about Shariah Compliant Account. This article is based on an interview which was purely based on the Islamic banking and financing issues regarding shariah compliant account in Dubai. The Islamic banking sector has a bright future in the UAE as most of the people in Dubai prefer Islamic banking and shariah compliant account instead of using traditional and commercial banking services. Right now banking sector of Dubai is playing a major role in financing infrastructure projects, residential properties and corporate expansion. That’s why most of the international traders are very much interested in the banking sector of Dubai. And most of the people are very much interested in the Islamic banking system so it is very necessary to have a clear idea about Shariah Compliant Account provided by the Islamic bank working in Dubai from last three decades. The Islamic lender, which was established with a vision to be recognized as the financial icon from Dubai, is providing shariah compliant account through its online and mobile banking products and services to expand its reach to the customers. The Islamic bank particularly Mashreq Al Isami is going to launch its latest product which is completely in the benefits of customers. Islamic financial instruments which provide information about shariah compliant account, they have a potential to become a key funding source for the nation’s infrastructure needs. This was reported in the annual report of international banking sector. Also the world’s top banking group chief executive officer of Mashreq Al Islmai bank and CEO of Noor Islamic Bank, told in an interview that shariah compliant account is best offer for expatriates as well as for locals.
Shariah Compliant Account – Services of Mashreq Al Islami Mashreq Al Islami Bank is a full-service bank among top banks of Dubai which is delivering the broadest range of products for its customers, with an emphasis on unique and group services. It has branches in Abu Dhabi, Dubai and Sharjah, and has a representative office in many parts of the world. Mashreq Bank of Dubai is one of the most reliable bank due to its credibility in the global market of Dubai. The mission of the bank is to be ranked among the top 100 most innovative companies in the world by 2020. I believe that future of Islamic banking in the UAE are bright and shariah compliant account is best providing by Mashreq Al Islami Bank. The UAE Islamic banks particularly Mashreq bank play a major role in financing infrastructure projects, residential properties and corporate expansion. The services of the bank will continue as the country’s economy maintains its steady growth due to its high net worth individuals and group members. The Infrastructure financing, in particular, represents a perfect opportunity for Islamic finance through the services of Mashreq Bank. At a time when the conventional banks are offering fewer and shorter loans, the islami banks of the UAE are increasingly turning a big giant by financing a huge revenue to support the capital of the Dubai. I will tell you a story of a renowned retired seasoned banker with over 28 years of experience working with the leading financial institutions in the UAE and especially his services for Mashreq bank. He told that now the leading and managing strategic of top banks of Dubai has been changed due to business transformation initiatives. During his tenure as CEO, with Mashreq Al Islmai, he has received 19 prestigious industry awards. He was also awarded the prestigious 2010 ‘CEO of the Year Award’ in the Islamic banking category at the CEO Middle East Awards. If you want to take the services of the recommended banker, you can take his contact number from the official website of the Mashreq Al Islami bank. He is best for providing shariah compliant account information in detail. About the outlook of banking sector, the UAE banks are in a much better position today. So he is at the right position to give you a comprehensive detail as he was retired from Mashreq Al Islami bank. Also you can visit the official website of the bank for further details.
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