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Al Hilal Bank, one of the progressive and fastest-growing Islamic banks in the UAE, has signed a Cooperative Agreement with the UAE Red Crescent Authority (RCA) aimed at strengthening partnership programmes between the two parties and meeting their shared goal of providing assistance to local and international charitable and humanitarian Projects at the local and international levels.
Under the terms of the agreement, Al Hilal Bank will establish and manage a Representative Office for RCA at the bank’s ‘Mall Branch.’ The new office will support RCA’s various charitable and humanitarian works by marketing the Authority’s Projects and receiving contributions. It will also facilitate communications with philanthropists and key segments of society, particularly those dealing with Al Hilal Bank.
Commenting on the agreement, H.E. Ahmed Humaid Al Mazroui, Chairman of the UAE Red Crescent Authority, said: “The agreement with Al Hilal Bank will enable the RCA to improve the quality, accessibility and delivery of its Services. We want to attract partners such as Al Hilal that can effectively assist our initiatives and tap all available resources in repayment of the limitless support given to us by H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE.”
“Our partners in our humanitarian activities, whether they are from government or society, are the forces that drive our efforts. By supporting our causes, Al Hilal Bank shows an admirable sense of social responsibility that goes beyond its material aspirations. The coming period will surely witness the development of new ideas that will further enhance our partnership, and we look forward to the opening of more Red Crescent offices at Al Hilal Bank’s various Branches,” Al Mazroui added.
For his part, H.E. Ahmed Ateeq Al Mazroui, Chairman of Al Hilal Bank, said: “Our collaboration with Red Crescent is in line with our commitment to supporting charitable and humanitarian initiatives. Through our agreement our customers will easily be able to donate to the RCA through our ATMs and Internet banking tools. We will also facilitate communication between the Authority and our clientele via the Bank’s e-mail, which will carry the RCA’s special campaigns and Project announcements. In addition, we will waive fees for RCA employees who want to open accounts with our bank.”
Both parties will collaborate on Projects, activities and events of mutual interest following a communication scheme that outlines their specific Roles and responsibilities. The RCA will be entitled to exclusive participation in activities sponsored by Al Hilal Bank. The partnership ensures independence, with one party not to be held liable for the actions of the other.
Al Hilal Bank is fully owned by the Abu Dhabi Investment Council and operates through 19 Branches across UAE. Al Hilal Bank aims to emerge as the leading financial corporation in the region and make positive contributions to the growth of the Islamic Banking Sector through the use of modern technology and the delivery of high-quality Services.
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