ADIB launches new credit card for expats
Abu Dhabi Islamic Bank (ADIB) along with MasterCard has launched a new credit called ‘Spice Card’. The card is specifically designed to cater to Non Resident Indians (NRIs) and Non Resident Pakistanis (NRPs) in the UAE. Currently the Indian community is the largest in the UAE constituting 30 per cent of the population. The Pakistani population follows constituting 12.5 per cent of the total UAE population. The benefits of the ‘Spice Card’ include deals and discounts such as:
- Up to 9% cashback on dining spends, 7% cashback on supermarket spends, 4% cashback fuel and 1% on utility bill payments.
- Cashback is applicable on local and international spends.
- Also, earn two rewards points for every AED 1 spent. Points can be redeemed for airline tickets, shopping mall vouchers and more.
FGB customer wins AED 1 million
The winner of FGB FirstSavings Certificate (FSC) scheme has been announced. Hina Arif, has become the 12th FGB customer to win AED 1,000,000. The scheme which was launched in November 2012, gives five daily prizes of AED 1,000 and 1,916 monthly prizes of AED 50,000. Every quarter a grand prize of AED 1 million is also given. To be part of the FSC scheme, customers have to get certificates and the longer they have one, their chances of winning increase. FSC is available to all UAE residents and is meant to promote financial literacy and savings in the country.
ADIB partners with Emirates Foundation to support youth in the UAE
Abu Dhabi Islamic Bank (ADIB) has partnered with Emirates Foundation to promote financial literacy among the youth in the UAE. Through the programme called ‘Esref Sah’, the youth will be educated on how to manage their finances. The partnership is a three year agreement for supporting financial literacy among Emiratis with ADIB pledging 1.5 million for the Emirates Foundation Youth-Development Programme.
ADCB to launch new division for private banking
Abu Dhabi Commercial Bank (ADCB) is on its way to launch a new division for private banking. The division will be dedicated to offering wealth strategies, asset management and planning solutions for succession. The idea behind launching this new division is to attract high net-worth customers.