Abu Dhabi Islamic Bank PJSC (ADIB)

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News

24 April 2025 11:07 AM ADIB’s profits rise 18% in Q1-25

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) logged 18% year-on-year (YoY) higher net profits after tax at AED 1.71 billion in the first quarter (Q1) of 2025,  compared to AED 1.45 billion. Basic and diluted earnings per share (EPS) …

Banking and Finance

11 March 2025 01:19 PM ADIB’s shareholders greenlight AED 3bn cash dividend for 2024

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB)  has concluded its annual general assembly meeting (AGM), where the shareholders approved the distribution of a cash dividend of 83 fils per share for 2024. The lender will pay out a total of AED …

Banking and Finance

4 March 2025 05:21 PM DAMAC Properties joins ADIB to facilitate home ownership for UAE residents

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has teamed up with DAMAC Properties to introduce a home financing solution enabling UAE residents to secure financing for off-plan properties once construction reaches 35% completion. This makes …

Companies Investments

23 February 2025 03:24 PM ADIB inaugurates next-gen universal branch as part of vision 2035

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has opened its latest flagship branch in Dubai as part of ADIB’s strategic expansion plan in the emirate. The banking facility is located at The Village Mall in Jumeirah 1, marking ADIB’s 18th …

Global Economy

29 January 2025 10:48 AM ADIB’s profits jump to AED 6.1bn in 2024; dividends unveiled

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) registered net profits after zakat and tax worth AED 6.10 billion in 2024, marking a 16% year-on-year (YoY) jump from AED 5.25 billion. Total operating income climbed by 14% to AED 10.63 billion …

Banking and Finance

22 January 2025 04:55 PM ADIB unveils 1st personal finance management tool in region

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched the first personal finance management tool, the ADIB Money Management Tracker, in the region to offer more control and insight over the customers’ financial activities. The …

Global Economy

14 January 2025 06:49 PM IFZA partners with ADIB to advance digital banking services in UAE

Abu Dhabi – Mubasher: IFZA signed a memorandum of understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to offer seamless support and advanced financial solutions to businesses within its ecosystem. The two parties will team up to provide quick …

Banking and Finance

19 December 2024 04:50 PM Two UAE-listed banks close GBP 140m financing for London-based asset

Mubasher: Emirates NBD Bank and Abu Dhabi Islamic Bank (ADIB) jointly closed a GBP 140 million senior financing transaction for a prime purpose-built student accommodation (PBSA) asset in central London. This cub deal enhances the UAE’s banking …

Banking and Finance

15 December 2024 11:14 AM SEC obtains $3.6bn facility deal co-led by listed lenders

Riyadh – Mubasher: Saudi Electricity Company (SEC) penned a $3.60 billion (to SAR 13.50 billion) international syndicated credit facility agreement on 12 December 2024. The company will use the proceeds of the loan to finance general corporate …

Global Economy

11 December 2024 11:55 AM Hub71 partners with ADIB to bolster global startup growth

Abu Dhabi – Mubasher: Hub71, Abu Dhabi’s global tech ecosystem, sealed strategic agreements with Abu Dhabi Islamic Bank (ADIB) to reinforce startup growth, according to a press release. The partnership provides startups with expert mentorship and …

Companies Investments

31 October 2024 09:27 AM Abdelbary leads ADIB’s growth strategy as new CEO

Abu Dhabi – Mubasher: The board directors of Abu Dhabi Islamic Bank (ADIB) has appointed Mohamed Abdelbary as the Group CEO, effective immediately, according to a press release. Abdelbary has served as the acting CEO since March 2024successfully …

Banking and Finance

31 October 2024 09:00 AM ADIB achieves AED 4.6bn net profits in 9M-24

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) logged net profits amounting to AED 4.63 billion in the first nine months (9M) of 2024, an annual jump of 24% from AED 3.75 billion. The total operating income reached AED 7.99 billion as of 30 …

Banking and Finance

14 October 2024 11:26 AM ADIB drives fintech innovation in GCC via new venture

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) launched ADIB Ventures, a new strategic initiative created to boost innovation and collaboration within the global fintech landscape. The programme aims to reinforce ADIB’s position as a leader …

Banking and Finance

1 October 2024 00:40 PM Emirates Development Bank, ADIB to reinforce UAE’s SMEs sector

Abu Dhabi – Mubasher: Emirates Development Bank (EDB) and Abu Dhabi Islamic Bank (ADIB) signed a strategic partnership to back SMEs in the UAE through a joint finance guarantee scheme. The partnership aims to improve financial inclusion for SMEs, …

Companies Investments

30 July 2024 03:45 PM ADIB Securities launches ADIBS Global in US market

Abu Dhabi – Mubasher: ADIB Securities, a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB), allowed trading in the US market as the first UAE Sharia-compliant broker. The newly updated trading platform, ADIBS Global, provides investors with …

Global Economy

24 July 2024 04:11 PM ADIB logs 30% higher consolidated profit in H1-24

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) posted a 30% year-on-year (YoY) surge in consolidated net profit after tax and zakat of AED 3.02 billion during the first half (H1) of 2024 from AED 2.32 billion. Total operating income soared …

Banking and Finance

3 July 2024 10:57 AM ADIB provides AED 5.5bn sustainable finance in 2023

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) sustainable finance reached AED 5.56 billion in 2023, including the issuance of the world's largest green sukuk by a bank, raising $500 million. ADIB has set net-zero targets for Scope 1 and …

Banking and Finance

30 June 2024 00:24 PM ADIB, Silent Eight forge partnership to automate financial crime screening

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) joined forces with tech company Silent Eight to automate financial crime compliance screening, according to a press release. Silent Eight leverages AI tools to create custom compliance models for …

Companies Investments

23 June 2024 04:13 PM ADIB unveils strategic partnership with DIFC Innovation Hub for fintech growth in region

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a strategic collaboration with DIFC Innovation Hub to fast-track fintech adoption in the region. The UAE’s DIFC Innovation Hub is home to more than 700 growth-stage tech firms …

Global Economy

14 May 2024 00:17 PM ADIB launches expansion plan to improve business banking for SMEs

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has announced an expansion plan aiming at improving business banking services across the UAE. The plan includes strategic collaborations with key partners specialising in serving the small-, and …

Banking and Finance

24 April 2024 06:56 PM ADIB records 32% annual surge in Q1-24 net profit; revenue hits AED 2.5bn

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) achieved a net profit after tax worth AED 1.45 billion during the first quarter (Q1) of 2024, signalling a 32% increase from AED 1.10 billion in Q1-23. The UAE lender generated revenues of AED …

Banking and Finance

23 April 2024 02:00 PM ADIB becomes 1st bank to offer integrated financial services via Botim app

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) inked a partnership with Astra Tech, becoming the first lender to provide users across the country access to financial services on the Botim Ultra app. ADIB and Botim will join forces to develop …

Banking and Finance

3 April 2024 02:40 PM Moody’s upgrades ADIB’s BCA to 'baa3'; affirms long-term issuer ratings

Abu Dhabi – Mubasher: Global rating agency Moody's has upgraded the Baseline Credit Assessment (BCA) and Adjusted BCA of Abu Dhabi Islamic Bank (ADIB) to 'baa3' from 'ba1'. Moody's affirmed ADIB’s local and foreign currency long-term issuer …

Banking and Finance

26 March 2024 02:37 PM ADIB partners with Tesla to bolster EV financing

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) inked an affiliate partnership agreement to provide financing to Tesla car buyers at affordable profit rates starting at 1.79%. Through ADIB’s electrical car financing programme VOLT, the lender …

Companies Investments

6 March 2024 10:35 AM ADIB names Abdelbary as Acting Group CEO

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has appointed Mohamed Abdelbary as its acting Group CEO following the resignation of Nasser Al Awadhi from the same position. Abdelbary joined ADIB in May 2020 as the group CFO from Standard …

Management Decisions