Dubai: Emirates Islamic Bank (EIB) has launched a three-week long rupee remittance campaign, which allows customers to remit funds to India at a reduced exchange rate and zero processing fee.

The campaign, which will continue till October 31, enables existing and walk in Indian customers of both Emirates Islamic Bank and Dubai Bank, to take advantage of the reduced exchange rate available on Indian remittance transactions during this period.

"EIB is committed to provide a one-stop shop of comprehensive financial solutions to its customers, so they can benefit from a range of retail banking options within a Sharia-compliant banking environment," Emirates Islamic Bank and Dubai Bank Deputy Chief Executive Officer (Consumer Wealth Management) Faisal Aqil said.

EIB is one of the leading Islamic financial institutions in the Gulf region and the Islamic banking arm of Emirates NBD Group.

"The recent change in the UAE Dirham and Indian Rupee exchange rate has witnessed a surge in remittances by our Indian customers, and we would like to provide our customers the maximum benefit from such remittances through providing optimum money transfer solutions," he added.

(Agencies)

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