Abu Dhabi Islamic Bank was established on 20th May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, UAE Minister of Information and Culture on 18th April 1999. All contracts, operations and transactions are carried out in accordance with Islamic Shari'a principles.
In line with our mission to provide Islamic banking solutions to the global community, we are pursuing an ambitious growth strategy. In addition to our presence in the UAE, ADIB already operates a large branch network in Egypt – and we are currently in the process of extending our operations to several markets across the Middle East and beyond. Iraq is a key part of our international growth strategy – and we are the first UAE bank to have a presence in the country. For ADIB Iraq related inquiries, please email at email@example.com
ADIB Saudi Arabia - Saudi Finance House
Saudi Finance House is one of the first companies to have recognized the need for Islamic consumer finance in the Kingdom. Equipped with this knowledge and insight, Saudi Finance House established itself in 1990, as one of the leading pioneers in consumer finance, with a capital of SR 10 million under the full ownership of Abdullah Ibrahim Al Khorayef and sons. The sole purpose behind creating the company was to supply the market place with Islamic financial solutions and structures that would satisfy the increasing demand and cater to the evolving consumer needs. The first branch was operational in Riyadh in 1991, followed by the Qassim branch in 2001, and finally the Khobar branch in 2002, with plans to expand in other markets in the very near future. Since its inception, Saudi Finanace specialized only in the retail sector of the auto and real estate financing. On September 2011, Abu Dhabi Islamic Bank (ADIB) has acquired 51% of the company after an increase in the capital to SR 100 million. Today Saudi Finance House provides a variety of Islamic finance solutions and products for the retail consumer, High Net Worth (HNW) customers and small and medium enterprises (SME).
ADIB United Kingdom
ADIB in the UK is located in the heart of the most prestigious are in One Hyde Park, Knightsbridge. ADIB UK limited has been established to bring our services to our clients in the UK.