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Emirates Islamic brings QuickRemit money transfer service to the UK

By Gloria Methri

January 05, 2024

  • Cross Border Remittances
  • Emirates Islamic
  • FinTech

Emirates Islamic, Islamic financial institutions, QuickRemit, Emirates NBD, Wealth Management, Consumer Banking, banking transactions, banking solutions, FinTech news, FinTech UAE, UKEmirates Islamic, one of the leading Islamic banks in the UAE, has announced that its 60-second online fund transfer service ‘QuickRemit’ is now available for remittances to the United Kingdom.

Emirates Islamic customers will be able to conduct QuickRemit transfers to any Lloyds Bank account in the UK in less than 60 seconds, and transfers to other UK banks within one hour. Lloyds Bank is one of the UK’s leading banks with over 500 branches across England and Wales.

Emirates Islamic customers can avail of QuickRemit service via EI and the bank’s mobile banking app conveniently and securely at competitive rates and zero remittance fees.

Commenting on the launch of QuickRemit to the UK, Mohamed Al Hadi, Acting Head of Retail Banking and Wealth Management at Emirates Islamic, said, “Expanding our QuickRemit transfer service to the UK introduces simplicity, agility and security to the remittance experience of one of our key customer segments. The QuickRemit service offers customers a quick, free remittance channel to send money to the UK for various purposes including family needs, education or investment.”

The bank currently extends the QuickRemit services to India and Pakistan, tying up with HDFC Bank and Faysal Bank respectively.

Part of Emirates NBD Group, Emirates Islamic offers a comprehensive range of Shari’ah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 42 branches and 211 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is one of the first Islamic banks 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.

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