ADCB launches ADCB Meethaq, Shari'ah-Compliant Financial Solutions

31 August 2008

Abu Dhabi, August 31, 2008

ADCB today announced the launching of its Shari'ah Compliant Financial Solutions, ADCB Meethaq.

"As part of our commitment to listen to our customers and design solutions in line with their needs, ADCB has developed a comprehensive range of Shari'ah-compliant products, offering a financial lifestyle choice to clients seeking peace of mind together with excellent service quality. The exciting new collection of retail and corporate asset and liability products is designed to meet the needs of all types of customers. ADCB Meethaq is the new Islamic Banking Division of ADCB to offer exclusively Islamic products and services" said Eirvin Knox, CEO.

Commenting on the new products Mr. Ala'a Eraiqat, Deputy CEO added "Our proposition rests on three design principles, which we believe are important to all customers in the U.A.E. - namely Shari'ah-Compliance, Flexibility of Choice and Maximum Convenience. ADCB understands that sincerity and authenticity are important to customers looking for peace of mind and that is why every product offered by ADCB Meethaq is approved by our independent Shari'ah Board. At the same time we all live in a fast-paced society and it is important that Islamic products can be made available to all customers in a modern and practical manner. The key to our offering is choice. Nothing is imposed and customers can pick the combination of products that works best for them and then access those services either from any ADCB branch or through the Internet, SMS or Contact Centre."