Emirates Islamic, one of the leading Islamic financial institutions in the UAE, won the ‘Best Prepaid Card in the Region' award in the Rewards & Loyalty Innovation category at the Prepaid: Middle East Awards ceremony held recently in Dubai. The bank was awarded for its Emirates Islamic Union Coop Tamayaz prepaid card, a first of its kind card in the region. Union Cooperative Society (Union Coop.) is the leading consumer cooperative society in Dubai and the co-branded prepaid card strengthens the bank's offering to its customers, as well as offers a strong value proposition to Union Coop customers. The card offers customers the option of earning points with Union Coop's Tamayaz rewards program in addition to Emirates Islamic's Mazaya Offers – a range of benefits such as global travel offers, shopping rewards and other lifestyle privileges. Faisal Aqil, Deputy CEO – Consumer Wealth Management, Emirates Islamic, said “Emirates Islamic is at the forefront of innovation in banking products as we are committed to offering products and services that match our customers' needs and lifestyle and bring them significant value. Prepaid cards are sensible money management tools for our customers and are an important component of our overall offering to existing and potential customers. The Emirates Islamic Union Coop Tamayaz Card delivers phenomenal value to our loyal customers.” — SG
