Abu Dhabi Islamic Bank PJSC : ADIB Launches Education Finance Promotion Aligned to Customer Needs

ADIB Launches Education Finance Promotion Aligned to Customer Needs

Abu Dhabi, 21 February 2012 – Abu Dhabi Islamic Bank, a top-tier Islamic financial services institution, announced today a reduced profit rate for ADIB Education Finance in a promotion that lasts till 31st March 2012.

Customers can apply for ADIB Education Finance of up to AED 250,000. They can also benefit from a flexible repayment period of up to 48 months, no processing fees, free postponement options and a free Visa Covered Card.

Education finance is widely seen as a good finance and the best investment a person can make because a degree will usually result in a person earning more money. With this promotion, ADIB demonstrates its commitment to raising levels of knowledge and qualifications of the community. The promotion is part of the bank’s community oriented initiatives, such as ‘Smart Money’ financial education booklet.

The promotion is expected to encourage more students to pursue a university education as the bank goes beyond financing tuition fees. ADIB Education Finance takes care of a range of education expenses, including books, transportation, library fees and more.

The ADIB education finance promotion is aligned to government objectives as education is one of the key sectors identified by the Abu Dhabi 2030 Plan. The bank brings the education finance promotion at crucial times in the scholastic year and will facilitate the Plan’s aim to build UAE’s upcoming human capital. It comes at the right time as it provides students with finance customized to their immediate needs.

About ADIB:

Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Emiri 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 on 18th April 1999.

ADIB’s vision is to be a top-tier, global Islamic financial services group and its mission is to provide Islamic financial solutions to the global community.

The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari’a principles.

ADIB’s core values, reflected in all its activities are: Simple and Sensible; Transparent; Mutual Benefit; Hospitality and Tolerance; and Shari’a inspired. It brings to its customers banking as it should be.

ADIB – 2011 Awards

ADIB was named the “Best Overall Bank in the UAE in customer service” for 2011 by Ethos Consultancy

ADIB won the” Best Branch Award in the UAE” for 2011 by Ethos Consultancy

ADIB was named the “Best Islamic Bank in the UAE” for 2011  by Global Finance Magazine ADIB was named Best Islamic Bank for 2011 by Business Banking and Finance Magazine

ADIB won Best Corporate Bank  for 2011 by Business Banking and Finance Magazine ADIB was named “The Best Islamic Bank” in the Middle East region for the second year running at the Banker Middle East Industry Awards 2011.

ADIB was nominated as “Fastest Growing Bank in the UAE” by the awards jury at the Banker Middle East Industry Awards 2011.

ADIB won the Best Islamic Bank in the UAE by EMEA Finance magazine

ADIB won the Best Islamic Bank in the UAE by Islamic Finance News Magazine

ADIB won Syndicated loan of the year by Islamic Finance News Magazine

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