Abu Dhabi Islamic Bank (ADIB)

Islamic banks’ profits soar 29.3% in H1

It seems that Islamic banking has increased UAE bourses of nearly 29.3 % in their net income in the first half of 2011 while their total assets and deposits also recorded growth.
The five listed Shariah-compliant banks that were included in the report are: The Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank (DIB), Emirates Islamic Bank (EIB), Sharjah Islamic Bank (SIB) and Ajman Bank. The report was published in the semi official daily 'Al Ittihad' and prooves the fact that the banks had strong results in the second quarter of 2011.

Dr. Mohamed Sultan Al Ulama addresses ADIB’s Women Private Banking Suhoor in Al Ain

It seems that Abu Dhabi Islamic Bank (ADIB) has arranged successful Suhoor for ultra high net worth ladies of Al Ain. Holy Quran launched the event with a recitation, followed by Dr. Mohamed Sultan Al Ulama, Dean, UAEU Libraries, speaking about the importance of safeguarding family wealth and appreciated ADIB’s achievements.
At the end of the event, each guest received a token of appreciation from ADIB.

NBD offers new Sharia-compliant financing

Egypt’s National Bank for Development (NDB) together with Abu Dhabi Islamic Bank (ADIB) launched a new Sharia-compliant service that can help customers finance their education or travels with up to LE 150,000 and LE 200,000, respectively.
The service permits the bank to lease to a customer a specific service to “exist in the future,” like education or travel, for a certain period of time with a set number of regular installments.

Abu Dhabi Islamic Bank launches Gold Priority Banking

Abu Dhabi Islamic Bank (ADIB) launched of its Gold Priority Banking service that is designed to meet the needs of affluent customers.
Gold Priority Banking has been designed to deliver an exclusive and rewarding banking experience with a wide range of premium products, services and lifestyle benefits. ADIB Gold Priority Banking is accompanied by a valuable package of benefits developed exclusively for affluent customers.

ADIB leads Dh1.14b loan for MAF Group

Abu Dhabi Islamic Bank (ADIB) had arranged a syndicated Dh1.14 billion Islamic financing deal for the Majid Al Futtaim (MAF) Group.
ADIB acted as the initial mandated lead arranger, sole bookrunner, investment bank and security agent bank for the deal. Other banks that participated in the financing deal include Al Khaliji Commercial Bank as mandated lead arranger, Al Hilal Bank, First Gulf Bank and United Arab Bank as lead arrangers and Ajman Bank as arranger.

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