Empowering the Next Generation: Emirates Islamic introduces ALPHA Youth Account
The bank offers the younger generation access to a dedicated mobile app to manage their savings and a host of additional benefits
Dubai, UAE, June 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched its new ALPHA Youth Account, designed to help parents save for their children while empowering the next generation with essential financial literacy skills.
Customers can open the ALPHA Youth Account for their children under 18 years of age. Account holders receive access to a dedicated mobile banking app which allows them to manage their money and begin their financial journey online, while receiving exciting rewards. ALPHA Youth Account holders will also receive an opportunity to participate in a Kunooz Savings Account daily draw of AED 1,000, get a complimentary Debit Card, pay zero monthly fees, and enjoy special offers on entertainment, dining and shopping malls.
The ALPHA Youth Account enables easy money transfers from parents to their children and offers parents better oversight into their child's spending habits. Parents applying for an ALPHA Youth Account for their children will also receive an opportunity to enter a Kunooz Savings Account draw for AED 1,000,000 every month including an exclusive entry to an AED 50,000 draw. The parents also receive complimentary membership to the Rewards Plus App providing a range of offers and discounts at more than 2,000 dining, shopping, entertainment, wellness, and luxury venues across the UAE.
Commenting on the launch, Mohammad Kamran Wajid, Deputy CEO of Emirates Islamic, said: 'We are delighted to launch the ALPHA Youth Account which will help parents start saving early for their children while instilling financial literacy from a young age. Financial wellness is key to the growth of the nation's economy and wellbeing, and as a leading Islamic bank in the UAE, we are committed to improve financial literacy and empower families in managing their long-term financial goals. We are confident that the ALPHA Youth Account will encourage many UAE families to take the first step towards saving for the future.'
Mohamed Al Hadi, Head of Retail Banking & Wealth Management at Emirates Islamic, said: 'The young generation is extremely digital-savvy and socially aware. With the ALPHA Youth Account, we have implemented the latest technology to provide them with the tools required to make them financially responsible and start them on their journey towards financial wellness. Both the children and their parents can benefit from the range of rewards that come with the ALPHA Youth Account, including the opportunity to win AED 1 million with our flagship Kunooz Savings Account.'
The ALPHA Youth Account reflects Emirates Islamic's ongoing commitment to community empowerment, financial inclusion and innovation in Islamic Banking.
About Emirates Islamic:
Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE.
Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and 229 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp.
Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024. The Bank was also named the 'Most Innovative Islamic Bank' at the prestigious Euromoney Islamic Finance Awards 2024.
As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
an hour ago
- Mid East Info
Al Tareq Star Officially Launches Norah Residence in the heart of Jumeirah Village Circle, Dubai - Middle East Business News and Information
Unit prices start at AED 650,000, with a special 40/60 payment plan The project is scheduled for handover by the end of Q2 2027 Al Tareq Star, a leading real estate developer with a wide range of businesses and activities in Saudi Arabia, has announced strategic expansion plans in the United Arab Emirates. These plans include launching a portfolio of real estate development projects across key locations in the country. As part of this expansion, the company has officially launched its first residential project in Dubai – Norah Residence – a smart and contemporary residential development in the heart of Jumeirah Village Circle, one of the city's fastest-growing residential areas. The launch event was attended by key investors, industry stakeholders, and members of the media. The event showcased the project's development vision, design philosophy, and unique features. Located in Jumeirah Village Circle, Norah Residence enjoys a strategic position in the heart of Dubai, making it one of the most desirable residential destinations. The area is known for its high rental returns, increasing end-user demand, and strong appeal as a high-yield investment option for those seeking quality living, comfort, and community connection. The location also provides easy access to key highways including Sheikh Mohammed Bin Zayed Road, Al Khail Road, and Hessa Street, ensuring strong connectivity to Dubai's main destinations. The neighbourhood offers a growing mix of restaurants, cafés, retail centres, wellness and fitness facilities, and is home to popular hospitality destinations such as FIVE JVC. Norah Residence was developed in collaboration with the award-winning architectural firm NAGA Architects, renowned for its distinguished design work. The project includes 183 carefully designed units ranging from studios, one-bedroom, two-bedroom, two-bedroom duplex, and three-bedroom duplex apartments, catering to a wide variety of lifestyle needs. The development combines smart home technologies with refined interior designs and provides a distinctive lifestyle experience. Residents enjoy access to recreational facilities including a cinema lounge, café, gym, yoga hall, and a children's play area. The units offer peaceful views overlooking the pool, Halfa Park, and the panoramic skyline featuring the iconic FIVE JVC hotel. Unit prices start at AED 650,000, with a special 40/60 payment plan, offering an attractive investment opportunity for both residents and investors seeking long-term value in Dubai's real estate market. The project is scheduled for handover by the end of Q2 2027. Mrs. NORAH BINT TAREQ BIN ALI AL TAMIMI , Vice Chairperson of Al Tareq Star, said: 'At Al Tareq Star, we believe that housing goes beyond walls and structures. It creates a complete environment that supports growth and wellbeing. With Norah Residence, we were committed to delivering an urban model that reflects a modern quality of life. This project embodies our vision and mission to build contemporary communities.' With a strong legacy of over 80 years of combined experience in Saudi Arabia, Al Tareq Star continues to lead as a developer that merges cultural depth with innovation in modern design. Norah Residence marks the company's latest milestone and its debut project in Dubai.
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
Egypt's Mufti Delivers Speech at Algeria's High Islamic Council Conference on Human Acquaintance
Mohamed Mandour Egypt's Grand Mufti, President of the General Secretariat for Fatwa Authorities Worldwide, Dr. Nazir Mohammad Ayyad, delivered a speech at the High Islamic Council Conference in Algeria, held under the patronage of President Abdelmadjid Tebboune. In his address, Dr. Ayyad emphasized that human acquaintance (taʿāruf) is a foundational Islamic value that promotes peaceful coexistence and mutual respect. He highlighted the urgent need for a global ethical framework to regulate artificial intelligence and condemned the ongoing atrocities in Gaza as a stain on humanity's conscience. He concluded by urging religious institutions to play a central role in promoting a culture of peace and confronting ideologies rooted in racism and civilizational conflict, while stressing the need to support political and military leaderships that are striving to restore balance through knowledge, faith, and awareness. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
Mid East Info
3 days ago
- Mid East Info
A Vision Like No Other: Lumena by OMNIYAT Illuminates Ultra-Luxury Commercial Workspaces on Sheikh Zayed Road
OMNIYAT leads the way in ultra-luxury commercial workspaces, as Lumena by OMNIYAT follows the unprecedented success of Enara by OMNIYAT With a Gross Development Value of AED 3.6 billion, Lumena stands as a benchmark in ultra-luxury commercial development With its slender form and elevated architectural profile, a series of cantilevered structures throughout the tower introduces unique vantage points and exceptional shared amenities A signature feature of Lumena is the breathtaking Sky Theatre, a never-before-seen amenity for a commercial tower in Dubai State-of-the-art technologies, industry-leading sustainability and world-class amenities will propel Lumena to achieve targeted Platinum status for LEED, WELL Building TM , WiredScore and SmartScore Certifications Lumena by OMNIYAT was launched at Museum of the Future with a captivating reveal that included never-seen-before performances Dubai, United Arab Emirates,June 2025 – OMNIYAT, the leading developer in Dubai's luxury real estate landscape, has launched Lumena, an ultra-luxury commercial development located on Sheikh Zayed Road in the Burj Khalifa district, at the intersection of Business Bay and Downtown Dubai. A work of architectural mastery where every line draws upward, and every space is designed to inspire clarity, confidence, and command, the 48-storey tower will set a new benchmark for workplace environments in the region upon its completion in Q4 2029. With a Gross Development Value of AED 3.6 billion, Lumena launched at the Museum of the Future with a stunning sound and light show on June 18. Its architectural model will be on display at Studio 12 at The Opus by OMNIYAT from 19-22 June, providing a glimpse into the future of Dubai's commercial spaces. Mahdi Amjad, Founder and Executive Chairman at OMNIYAT, said: 'Lumena is the future of commercial real estate in Dubai. With its location, design, and integrated amenities, we are creating a new paradigm for commercial real estate that aligns with how the next generation of leaders want to work and live. Leveraging technology, innovation and future-proof design, LUMENA's sculpted form reflects both architectural brilliance and the effortless flow of ideas, ambition, and enterprise. This exceptional project reflects OMNIYAT's ongoing commitment to shaping the commercial landmarks of tomorrow.' Inspiration and design philosophy: Drawing from the Latin word ' lumen' for illumination and ' ena' , a Japanese word suggesting blessing, Lumena symbolises clarity, purpose, and forward momentum. The tower's design integrates panoramic views with natural materials and biophilic elements, bringing light, greenery, and airflow into the workspace to promote wellbeing, productivity, and performance. Every element, from its sculpted façade to double height glazing and natural textures, is engineered for both form and function. With its slender form and elevated architectural profile, Lumena is strategically designed to maximise views of Burj Khalifa, Downtown Dubai, and Jumeirah Beach. A series of cantilevered structures throughout the tower introduces unique vantage points and shared amenities that enhance the experience for all occupants. Uniquely located near Business Bay metro station, it is well connected to Dubai's prime business, retail and lifestyle hubs. Close to Downtown and Burj Khalifa, it is minutes away from major attractions, yet with its soaring form, also boasts Jumeirah, Burj Al Arab & ocean views. Lumena brings together functional precision and spatial sophistication. The tower comprises 91 shell-and-core office units across three categories: 59 offices (three per floor plate), 30 half floor offices (two per floor plate), and 2 full-floor offices. With an internal office area of 582,184 sq. ft., Lumena is engineered for optimal efficiency, featuring flexible floorplates with minimal columns, a rear-core layout, and clear ceiling heights of 3m within office spaces. Units are offered with full fit-out flexibility, so buyers and tenants can customise layouts, while a palatial use of space, including high ceilings and full height windows, ushers openness and light. Lumena is strategically located just 10 minutes from Burj Khalifa and 13 minutes from Dubai International Airport, with dual vehicular access points. It offers over 1,000 parking spaces, including designated areas for office use, retail operations, and visitors. Unparallelled amenities, five-star service: As part of OMNIYAT's portfolio of unparalleled residential, commercial and hospitality properties, superior service is built into the core experience. A full suite of concierge offerings includes reception, meeting room management, spa and wellness coordination, lifestyle bookings, personal services, and bespoke experiences, such as event planning, luxury travel arrangements, and private shopping. These services are managed by OMNIYAT and draw from the brand's experience in delivering high-touch hospitality across its award-winning commercial towers, residences and hotels, including Enara by OMNIYAT, and The Opus by OMNIYAT. Lumena is designed to meet the latest British Council for Offices (BCO) standards, supporting occupancy density of one person per 10 sqm while maintaining spacious, high-end environments. It is targeting multiple world-class certifications, reflecting its commitment to sustainability, occupant wellbeing, and technological integration, including the LEED Platinum certification, the highest ratings for sustainable commercial developments in the world. Lumena is projected to achieve a Platinum WELL Certification from the WELL Building Standard, plus Platinum WiredScore and SmartScore Certifications, the global standards for digitally connected and technologically advanced smart buildings. Occupants will also have exclusive access to the Executive Club, a purpose-built environment that integrates luxury, discretion, and convenience. Accessible from the upper office floors, this dedicated space offers private lounges, meeting zones, and concierge support, all tailored to the needs of senior decision-makers. At its summit, Lumena houses the Sky Theatre – intended for high-level forums, product launches, and executive gatherings and offering panoramic views across Dubai. It is equipped with advanced acoustics, LED walls, and modular seating to support a variety of functions. Wellness is central to Lumena's philosophy. The Executive Wellness Suite, complete with high-performance training and recovery zones, is designed to support peak physical and mental performance. The Sky Pool, suspended above the city and surrounded by biophilic landscaping, offers a rare sense of stillness and perspective. Wellness floors on Levels 21 and 22, a private Business Club on Level 34, and an exclusive Sky Theatre and event venue at the tower's apex offer a future-forward take on work-life synergy. Lumena's amenities are integrated across the tower and podium to support productivity, wellness, and world-class executive-level experiences. An interconnected podium will house six curated, retail concepts, fine dining, wellness and lifestyle facilities designed to serve building occupants and guests from the Business Bay and Downtown communities. Lumena is designed by internationally renowned architects and consultants. In Dubai and across the globe, OMNIYAT has created refined works of art that effortlessly blend creativity, quality and rarity. Building on the success of The Opus by OMNIYAT and Enara by OMNIYAT, Lumena by OMNIYAT is the next evolution in the group's portfolio, designed for business leaders, creatives, and innovators seeking workspaces that reflect growth and ambition.
