UAE: Abu Dhabi Islamic Bank (ADIB) has resolved to raise the limit of shareholding by foreigners to 40% and to amend Clause No 7 of the ADIB Articles of Association accordingly after securing the necessary approvals, confirmed a bourse filing. Restricted access Login to continue reading (...
UAE: Abu Dhabi Islamic Bank (ADIB) has reached a total of one million customers in the UAE, nearly twice the number it had five years ago. According to a press release, out of these one million customers, 450,000 are using ADIB digital channels, a growth of nearly 25% active users ...
Something that takes much paperwork/uploading for UAE Banks. Not even talking about Business accounts taking months to open (versus a few mins online in Europe). A few of many things missing: - To some accounts you can only wire a foreign currency instead of opting for just sending AED to...
UAE: Abu Dhabi Islamic Bank (ADIB) has announced that it will establish a company focusing on asset management, Bloomberg reported. ADIB is seeking to partner with other entities to push the to-be-established company forward.
UAE: Abu Dhabi Islamic Bank (ADIB) has launched a digital account opening system to enable SMEs to open Elite Business accounts without visiting branches or submitting physical documents or signatures, a press release confirmed.
UAE: Abu Dhabi Islamic Bank (ADIB) has released a press release clarifying its statements from a Bloomberg interview published in Al Khaleej newspaper. The interview and news story were regarding ADIB’s recent announcement that it will establish an asset management company. The bank clarified that...
UAE: Abu Dhabi Islamic Bank (ADIB) has signed an agreement with consumer technology Astra Tech, the parent company of call and messaging app Botim, to provide users in the UAE with access to Islamic financial products and services on the Botim Ultra app.
UAE: Abu Dhabi Islamic Bank (ADIB) has denied media speculations that it has an interest in acquiring a stake in Bank Syariah Indonesia (BSI). "ADIB strongly denies such reports of being in any negotiations to acquire a stake in such entity," it said in
UAE: Abu Dhabi Islamic Bank (ADIB) has entered into an agreement with WCB Investments — a joint venture between National Investment Company and Wafra Capital Partners — to launch the Leasing and Finance Opportunities Fund 2. According to a statement, the Islamic fund targets a risk-adjusted ...
UAE: Abu Dhabi Islamic Bank (ADIB) has launched a healthcare-focused equities basket note which provides 95% capital protection while offering no cap on the potential return, a press release read. The product, with a 12-month maturity, is open for subscription until the 4th February 2021 ...