|First Gulf Bank (FGB), the financial partner of choice in the UAE, recently launched a Shariah Compliant deposit scheme, Emirati Al Awwal Islamic Certificate. The Emirati exclusive product has been developed based on a recent survey conducted by the bank, which showed a preference amongst the majority of Emirati customers for an Islamic deposit product.
Officially introduced on July 8th, 2012, the Shariah Compliant Emirati Al Awwal Islamic Certificate coincides with Islamic traditions and the beliefs adopted by the UAE. Emirati Al Awwal Islamic Certificate continues to encourage UAE Nationals to practice healthy saving habits, by offering returns from Mudaraba investments. Furthermore, it will provide customers with opportunities to win cash prizes, as it will offer regular draws on a weekly, monthly and quarterly basis. (Press Release)