This festive season, Emirates Islamic Bank will be giving away 25 iPhone 5 to its Debit and Credit Card customers. To be among the lucky customers eligible for this draw just SMS 'SHOP' to 4451. Every time you use your Card, you ge...t an entry into a draw to win an iPhone 5. So arm yourself with Emirates Islamic Debit and Credit Card and shop till you drop this DSF!
January 03rd, 2013 to February 03rd, 2013
Terms and Conditions
Offer is valid on all Emirates Islamic Bank / Dubai Bank Credit and Debit Cards
The promotion period is January 3, 2013 - February 3, 2013
The promotion is applicable for only those customers who register for it
The promotion does not apply to cash withdrawal transactions
One customer will not be eligible to win more than 1 iPhone 5
The draw will be conducted after the expiry of the promotion period.
Customers will be notified by SMS and Email.
At Emirates Islamic Bank our products and services are designed to meet the demands of a growing organization. We also know that a single solution may not suit everyone. This is why we have developed three distinct solutions that you can select at ...any given time, based on the needs of your business.
Islamic Banking is a form of modern banking based on Islamic legal concepts (Shari'a) developed in the first centuries of Islam, using risk-sharing as its main method, and excluding financing based on a fixed, pre-determined return. Unlike the interest-based commercial banking system, where all the pressure is on the borrower, who must pay back the loan at the agreed interest, regardless of the success or failure of his venture. Islamic Banking believes in sharing profits and risks in the business instead of becoming creditors. In Islamic Banking the "depositor", the "bank" and the "borrower" all share the risks and rewards of financing business ventures. The best-known feature of Islamic banking is the prohibition on interest, known as "Ribba". It encourages the notion of higher risks and higher returns, the objective is that high-risk investments provide a stimulus to the economy and encourage entrepreneurs to maximize their efforts. Islam encourages investments in order that the community may benefit. The shareholders and depositors should all share the risks and the rewards of financing business ventures. This is unlike the interest-based commercial banking system, where all the pressure is on the borrower: to pay back his loan, with the agreed interest, regardless of the success or failure of his venture. Islamic banking helps to contribute towards a more equitable distribution of income and wealth and increased equity participation in the economy.
source : dubaibank.aeMore