Abu Dhabi Islamic Bank (ADIB)

An Islamic bank headquartered in Abu Dhabi, United Arab Emirates, is known as Abu Dhabi Islamic Bank PJSC (ADIB). It is considered one of the largest companies in the UAE.

Amiri Decree No. 9 1997 authorized the establishment of Abu Dhabi Islamic Bank as a public joint stock company on May 20, 1997. The Bank began conducting business on November 11, 1997, and was formally launched on April 18, 1999. All agreements, activities, and transactions are carried out in line with Islamic Shari'a law.

The equity of Abu Dhabi Islamic Bank is held by its founders to the tune of 29%, with about 100,000 shareholders holding the remaining 71%. The Abu Dhabi Investment Agency (ADIA) and eminent United Arab Emirates residents are among the initial shareholders of ADIB.

ADIB is a full-service financial service company that provides banking solutions for private customers, businesses, and wealthy clients. In addition, ADIB also offers brokerage, property management, payments, and insurance services in more than 60 outlets. As one of the largest distribution networks in the UAE, the bank provides world-class digital banking services and a highly personalized experience to more than 1 million customers.

A renowned Islamic bank with its headquarters and stock exchange listing in Abu Dhabi, Abu Dhabi Islamic Bank strives to be a dependable partner for its clients, associates, and community. With assets totaling USD 34 billion, ADIB has shown a sustained growth history over the previous 20 years.

Industry: Banking

Founded: 20 May 1997
Headquarters: Abu Dhabi, United Arab Emirates

Website: https://www.adib.ae/en/