Emirates Islamic Fosters Innovation in Islamic Finance
Dubai, 27 December, 2016: Emirates Islamic, among the leading Islamic banks in the UAE, is leading efforts to promote innovation in the work environment. The bank recently arranged an 'Innovation Day' where numerous internal teams shared and showcased their innovations with working prototypes, to the bank's administration.
Emirates Islamic team throughout business systems participated in the occasion, developed to ideate and showcase innovative services in banking and monetary modern technology. Emirates Islamic's Innovation Day was lined up with the National Innovation Approach released by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai as a main tool to attain UAE Vision 2021 in the financing and banking market.
Talking about the bank's push toward innovation, Jamal Bin Ghalaita, Chief Executive Officer of Emirates Islamic claimed: "Banking today requires an innovative and fresh method to keep pace with the advancing requirements of our customers. Taking advantage of our inner ability pool for suggestions enables us take advantage of their diverse abilities and experience to develop products that match customers' expectations and requirements.
"I am delighted with the passionate involvement and strong ideas offered by our staff and we eagerly anticipate supporting feasible execution of the prototypes. As a genuinely modern Islamic bank, we desire our customers to benefit from the access and ease of the latest digital solutions, as we support Dubai's aim of becoming the global resources of Islamic economic situation," wrapped up Bin Ghalaita.
Some of the ideas provided consisted of Break Card, which applied enhanced fact modern technology to boost consumer experience in a retail atmosphere; HR Panda, an artificial intelligence assistant that can automate more than 50% of the bank's recruitment process, assisting choose the ideal prospects for the right openings based upon determining the interaction and soft abilities of the candidates and Children Banking which aims to introduce banking to children and incentivise them based upon task administration abilities.
Emirates Islamic has continually taken the lead in innovation in Islamic finance with products, solutions and assumed leadership efforts created to promote an innovation society within the industry. Amongst the bank's current innovations are the acclaimed Nasdaq Murabaha Dubai Platform and EI trade, a Shari'a compliant on-line trading and supply chain platform. Emirates Islamic was additionally the first Islamic bank in the UAE to release a mobile banking application.
