Badr Al-Islami opens main branch

Badr Al-Islami, a subsidiary of Mashreq, has officially opened the doors on its first main branch to offer its customers a full range of Shariah compliant products and services, covering retail, investment and corporate banking.

The inauguration of the Dubai branch took place in the presence of Dr Mohammed Khalfan Bin Kharbash, UAE Minister of State for Finance and Industry, Abdullah Al Ghurair, chairman and president of Mashreq Group, Mubasher Khokhar, CEO of Badr Al-Islami, and senior management and customers of Badr Al-Islami.

Dr Kharbash said: "It is very encouraging to see big financial institutions, such as Mashreq, moving to provide Islamic financial solutions to retail and corporate clients. Islamic banking is spreading more and more in the United Arab Emirates, which is a very healthy sign."

Dr Kharbash added: "With the strong economy of the UAE, supported with strong banking equity, there is more need for innovative financial solutions that cater to all segments."

Al Ghurair of Mashreq Group said: "We are delighted to announce the opening of our first main branch in this commercially active area. This opening reflects Badr Al-Islami's position within an increasingly competitive Islamic segment and which is the fastest growing industry in the UAE."

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