UAE-based financial institution Emirates Islamic has expanded its online fund transfer service QuickRemit for remittances to Pakistan.

The service enables all Emirates Islamic customers to transfer funds to any Faysal Bank account in Pakistan within one minute. As a result, the QuickRemit service will be available without any additional charges and at competitive exchange rates.

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Founded in 1994, Faysal Bank has a presence across more than 100 cities in Pakistan.

The QuickRemit service

Moreover, all Emirates Islamic customers can use the remittance services through the bank’s online and mobile banking channels.

Emirates Islamic consumer banking and wealth management deputy CEO Wasim Saifi said: “Extending our QuickRemit transfer service to Pakistan enhances our value proposition to one of our key customer segments. Pakistan and UAE share long-standing trade ties, with a high number of Pakistani expatriates residing in the UAE.

“With the QuickRemit service, we now offer customers a safe, quick and seamless platform to send money back to Pakistan.”

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In addition, the bank expanded the service to India and plans to extend the service to other countries as well.

Established in 2004, Emirates Islamic is part of the Emirates NBD Group and offers Sharia-compliant financial products to customers across personal, business and corporate banking segments.