Abu Dhabi Islamic Bank, or ADIB, is an Islamic bank based in the city of Abu Dhabi in the United Arab Emirates. Established in 1997, all ADIB banking operations are compliant with Sharia law. ADIB also has an international profile; operating in Egypt, Iraq, Saudi Arabia and the United Kingdom.
ADIB also has a portfolio of subsidiary companies:
MPM Properties (was Burooj)
ADIB Products and Services
ADIB offers personal, business, corporate and private banking facilities, plus a securities brokerage for active traders. Their operations include global retail banking, private banking, treasury, real estate and wholesale banking.
Personal banking customers with ADIB have a range of options available to them including current, savings, children’s, student and investment accounts. High net worth customers can also access a range of wealth management services such as saving investment plans, mutual funds, an alternative investment services and a portfolio specifically for those looking to trade in Sukuk (Sharia-compliant bonds).
The corporate banking arm of ADIB covers government and public sector organisations, financial institutions, real estate, energy, transport and many other sectors. As well as a suite of financial products, customers can choose from services including project finance advisory services, structured finance and transaction banking. All corporate services are also Sharia compliant.
ADIB is a multi-award-winning bank, recognised by financial awarding bodies and publications across the Middle East and the Persian Gulf. The bank has won several ‘Best Bank in the UAE’ awards as well as awards for excellence in customer service, treasury services and the Sheikh Khalifa Award for Finance in 2014.
Abu Dhabi Islamic Bank Security
Customer information is protected in a number of ways; the ADIB server is firewall protected and has an extended validation security certificate that offers enhanced protection. Login screens for internet banking services also require customers to reset a ‘one-time’ password, sent via SMS on registration. Additional online banking activity such as updating profile information or making bill payments also requires the use of one-time passwords.