Emirates Islamic Bank (EIB), a leading Islamic financial institution in the UAE, has announced the launch of a foreign currency remittance campaign focused on GCC currencies.

The offer, which is valid till November 20, offers special rates with no fees on remittances in five GCC currencies - Saudi Riyal, Omani Riyal, Bahraini Dinar, Kuwaiti Dinar and Qatari Riyal.

The campaign is expected to generate considerable interest from residents intending to transfer funds back home, thus taking advantage of the special exchange rates and zero transaction fees offered by Emirates Islamic Bank.

“Foreign currency remittances are a key aspect of life in the UAE, as a result of the vast expatriate community that works in the UAE and makes regular transfers to their home countries,” said Faisal Aqil, Deputy CEO, Emirates Islamic Bank.

“We are pleased to launch this 0 per cent transaction fee campaign with discounted rates in our branches at this time when we expect considerable transfers within the GCC states,” he added. – TradeArabia News Service