January 31 2011, Sharjah, UAE: United Arab Bank Islamic Credit Card has been recognized by Visa International with an award for successfully introducing the First Vertical Islamic Credit Card in the Middle East which further complements and strengthens the Bank's Islamic product offering in a truly innovative and distinctive fashion.
The award ceremony took place at the Coral Beach Resort in Sharjah where the award was presented to UAB's Chairman, HE Sheikh Faisal Bin Sultan Bin Salem Al Qassimi by Mr. Stuart Isted, Business Leader, from Visa Inc. in the presence of UAB's Vice- Chairman, Omar Al Fardan who is also the Chairman of the National Bank of Oman, of other UAB Directors, and of Andrew Stevens, the Group CEO of the Commercial Bank Alliance comprising the Commercial Bank of Qatar, the National Bank of Oman, and United Arab Bank.
Sheikh Faisal Al Qassimi commented on the award saying: "To win this award is a clear indication of UAB's commitment to Islamic Banking and our vision to confirm our position amongst the leading banks in the region offering a comprehensive range of Islamic banking services. The Bank has made steady progress in recent years and is in excellent shape despite challenging market conditions. We are well positioned to grow and further nurture our distinctive banking tradition in both Conventional and Islamic banking within complete openness and transparency."
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