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UAE: ADIB Business Banking unveils nationwide geographical expansion plan
Updated : 2 years, 3 months ago IST
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced its expansion plan to better serve its Business Banking customers across the UAE. ADIB Business Banking is expanding its presence in key business ecosystems to support SMEs as part of its commitment to fostering their
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UAE: Abu Dhabi Islamic Bank enhances mobile app for international money tr
Updated : 2 years, 11 months ago IST
Abu Dhabi Islamic Bank (ADIB) has introduced enhanced international transfer features on its mobile app and internet banking. The improvements come as the bank reports a notable 20 per cent year-on-year increase in remittances during H1 2023
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UAE: ADIB raises USD 750 million in US dollar-denominated tier-one perpetu
Updated : 3 years, 1 month ago IST
Abu Dhabi Islamic Bank (ADIB) announced today that it has successfully raised 750 million USD in the world’s first dollar-denominated additional tier-one (AT1) perpetual sukuk issued since March 2023.
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Islamic banks' assets amounted to AED 620.9 billion by end of January 2023
Updated : 3 years, 3 months ago IST
The central bank statistics reflect an increase in credit for Islamic banks to AED 396.9 billion at the end of January 2023, an annual increase of 3.5 percent compared to nearly AED 383.36 billion in January 2022, and an increase of nearly AED 13.3 billion in 12 months.
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