The Best Domestic Retail Bank in the Middle East, as voted by the Banker Middle East Industry Awards – 2013 and the UAE’s fastest growing Retail Bank, has again joined hands with Awqaf & Minors’ Affairs Foundation for second year running to disburse meals to over 4,500 deserving people during the holy month of Ramadan.

Sheikh Mohamed Al Nuaimi, Executive Vice President, UAB said: “UAB’s Islamic Banking Division is happy to continue Ramadan initiative in association with Awqaf & Minors’ Affairs foundation as part of our ongoing commitment to give back to the community we operate in. Since inception we have keenly participated in various charitable events in keeping with the spirit of giving during the holy month and have sought every opportunity to contribute in the betterment of society.”

Ahmad Hamad Abu Shehab Director of Endowment Development, Awqaf & Minors’ Affairs Foundation, stated: “We are thankful to UAB for strengthening & supporting charitable causes that are organized by Awqaf & Minors’ Affairs Foundation every year. This act reiterates UAB’s gratitude and appreciation for the great responsibility undertaken by the department of providing free If tar packs to Muslims.

Mrs Yusra Abdul Ghaffar Baqi, Head of Branches & Islamic Banking, UAB added: “We are extremely pleased to further strengthen our partnership with the foundation. We are resolved to form community partnerships that will create long lasting benefits and efficiencies and what can be a better time to do so than in Ramadan . UAB has always been a community bank in the true sense of the word, and will contribute generously to the welfare of a society that has supported us for years”.

UAB’s Islamic Division is managed by a team of Islamic scholars who review and oversee all the products and initiatives launched. Products offered are Ijarah Home Finance, Personal Finance, Vehicle Murabaha and Islamic Deposits. This division has ensured that all the charitable causes adhere to the principles of Islamic Shari’ah and community outreach is one of them. Such initiatives have helped UAB reinforce its standing as a local bank and increase the confidence of its clients in the bank’s Islamic portfolio.
 

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