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News Article

24 October 2010

ADCB forms new alliance with Zakat Fund

Abu Dhabi, 24 October 2010: Abu Dhabi Commercial Bank (“ADCB”) announced today that a MoU has been signed with Zakat Fund, to enable ADCB customers, for the first time, to contribute to zakat through electronic channels. In addition to financing the cost of all technical systems and support, ADCB will develop the new IT infrastructure necessary for collecting zakat on behalf of the fund by displaying a Zakat Fund icon on the Bank’s customer service electronic channels identifying this unique service.

The MoU was signed by Mohammed Abdulla Jaber Al Ali, ADCB’s Head of Government Client Coverage and Mr. Jamal Khalaf Al Mazrouie, Zakat Fund’s Head of Zakat Sources and Media Department, in a signing ceremony attended by high ranking officials from both parties at ADCB’s headquarters in Abu Dhabi.

Mohammed Abdulla Jaber Al Ali, Head of Government Client Coverage, ADCB said: “We are extremely pleased to have the opportunity to partner with Zakat Fund, in accordance with our government’s strategy to enhance cooperation between government entities in the CSR fields through various electronic channels. At ADCB, we continue to actively encourage our customers to pay their alms, thus boosting compassion and sympathy as prominent communal values. This electronic service, now available through our alliance with Zakat Fund, is yet another successful initiative to make our products and services more accessible and user-friendly for our customers.”

Jamal Khalaf Al Mazrouie, Head of Zakat Sources and Media Department, Zakat Fund commented: “The Zakat Fund’s alliance with ADCB continues our efforts to facilitate an increased level of accessibility for individuals when undertaking the process of alms payment and collection. We chose to partner with ADCB as the bank has proven itself as a pioneering financial institution that provides a unique set of banking products and services through its widespread network of branches and alternative channels.

“Zakat Fund is committed to increasing the level of awareness for the importance of paying alms. We work hard to continuously seek to ease the process for individuals undertaking this religious obligation, using all means and methods available to us.” concluded Al Mazrouie.

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