People refer to UAE as the Switzerland of the Middle East region due to the ease of banking and making investments. There is a rising number of individuals and businesses valued very highly in terms of net worth and are turning their heads towards this Middle Eastern nation. To prepare for this UAE has already invested a lot into digitalizing their customer experience and using artificial intelligence to make banks more readily available on your phone through apps. By moving past the brick-and-mortar service models, the UAE banking sector is climbing on top of the list of having the most efficient financing worldwide.
Due to the COVID-19 pandemic, banking sector around the globe were hit hard, but the Central Bank of the UAE (CBUAE) expressed their support and assistance by launching the ‘Target Economic Support Scheme’ which executed stimulus packages worth AED 256 billion into the economy to contain the aftermath of the pandemic. Banking the ecosystem is the new objective to achieve to help customers in their banking processes through a more sophisticated, simple and integrated experience. For our fellow UAE Nationals, this maybe the future of digital banking of the country.
Banks in UAE have come up with a lot of schemes to help their fellow nationals get the best out of their banking objectives. Many financial institutions are dedicated towards providing the most efficient service with the most attractive benefits. Here are some of the banks and their benefits that they provide our fellow Emiratis:
- ADCB Emirati
-Life insurance of AED 50000
-Travel and Lifestyle benefits including theme parks, retail brands, airport lounges, hotels
-TouchPoint rewards — loyalty program giving you points for any ADCB product/service used
-Betaqti Credit Card — giving you complete control of your card with your personalized name on it
- Dubai Islamic Bank
-Mumayyaz Benefits — finance and investment offers for your day-to-day banking needs
-Aayan Benefits — wealth management services with premium travel and lifestyle offers
-Wajaha Benefits — wide selection of travel and lifestyle benefits with personalized wealth management guidance
- Mashreq
-Happiness Account — Complimentary international money transfer, Salaam Points, joining bonus up to AED 3500
-National Loans Scheme — attractive low interest rates
-Debt Consolidation — High loan amount of up to AED 5Mn, Up front repayment holiday period of up to 120 days
-Personal Loans — High finance amount — up to 20X salary, Top Up facility available
