ADIB: A Lifelong Financial Partner with a Global Presence

ADIB was established as a Public Joint Stock Company in May 1997 through Amiri Decree No.9 of 1997. Commercial operation started on November 1998 and was formally inaugurated by UAE’s Abdullah Bin Zayed Al Nahyan on April 1999. Its emergence comes at a time when the UAE was increasingly embracing the role of offering modern financial services that adhere to the principles of Islamic Shariah.

The bank started operations with paid-up capital of AED 1 billion, split into 100 million shares. ADIB has transformed as a financial institution of international standing, now managing aggregated assets of more than USD 34 billion, from its standalone status as a listed company on the Abu Dhabi Securities Market.

ADIB is an important player in the UAE and has also diversified into six strategic markets: Egypt, Saudi Arabia, the UK, Qatar, Sudan, and Iraq. In these global operations, ADIB provides the entire spectrum of banking services – personal, corporate, and private banking solutions. ADIB is moving forward to support businesses and communities across key regions with Shariah-compliant financial services for the needs of a specific market. One core strength of ADIB is that its principles adhere to Islamic Shariah. Unlike ordinary banking, ADIB makes sure all contracts, transactions, and dealings are carried out strictly in accordance with the provisions of Islam, thus following the tenets of ethical banking, free from the collection of riba or interest, and precedence. ADIB offers Murabaha (cost-plus financing), Ijara (lease-based financing), and Islamic covered cards in order to enable customers to tap into Shariah-compliant financial solutions without any compromise on their beliefs.

There are offerings across real estate, investment services, trade finance, and treasury solutions placed by the bank so that an individual as well as corporate customer gets access to an effective spectrum of Shariah-based financial tools suited specifically to their requirements.

ADIB adopted the rapid technological advancement to ensure it delivered world-class banking services in digital sense. The bank is famous for making the digital channels light, easy, and secure for customers to monitor their accounts and perform transactions over the internet. Digital transformation at ADIB is targeted to give a very personalized experience with strong focus on infusing old values along with modern banking comfort. Through its investments in digital innovation, ADIB has also helped grow its customer base. With over 60 branches spread throughout the UAE and an always-growing web-based platform, ADIB is in an ideal position to cater to evolving customer demands through a balance between human-centric services and the leading edge in digital tools.

The ADIB is much more than a bank in that it is a completely integrated provider of financial services. In addition to retail and corporate banking, the Bank includes brokerage services, property management, payment solutions, and insurance services via its group. These services offer customers a holistic approach to their finances-from investment opportunities to even wealth management and property transactions. ADIB remains steadfast in its mission of being the customer’s, colleagues, and communities’ lifelong financial partner. Its vision would be to lead the global Islamic banking industry by providing sustainable, innovative, and ethical financial solutions. With a focus on digitization, these customer services will form the core part of ADIB’s growing growth path in the forthcoming years.

Conclusion: Abu Dhabi Islamic Bank has clearly emerged as one of the market leaders in Islamic banking through innovative combinations of contemporary financial systems with traditional Shariah principles. With powerful and solid ground in both home as well as global markets, ADIB is rich with its aspiration to make common people and enterprises happier and more prosperous through efficient yet ethical forms of banking services.