31 July 2011

ADCB mirrors award winning suites of conventional products in Shari'ah compliant form

United Arab Emirates, 31/7/2011: Abu Dhabi Commercial Bank ("ADCB") today announced the new look of its comprehensive Islamic Banking solution to clients across the UAE. The Islamic Banking service, which has been in existence since 2008, offers enhanced product lines from liabilities and assets to credit cards and investments to offer a Shari'ah compliant product for a host of conventional ADCB product and service on offer.

ADCB Islamic Banking customers have access to all of ADCB's award winning banking channels, from internet and telephone banking as well as access to around 50 branches across the UAE. ADCB Islamic Banking customers can now seek advice and support from any ADCB branch across the UAE or online or by calling the customer services centre on 8005626.

Commenting on the announcement, Ala'a Eraiqat, CEO at ADCB, said:

"Islamic Banking is one of the fastest growing segments in the banking world and goes beyond just financial considerations. ADCB has raised the bar in this sector by offering a full suite of Islamic Banking Shari'ah compliant services, in line with the products and services on offer in conventional banking.

"ADCB Islamic Banking has created a distinct position in a crowded market, and aims to be seen as the Shari'ah compliant product provider of choice. At ADCB, we believe customers should have the best of both worlds where responsible banking goes hand in hand with products and services that allow them to stay true to their religious beliefs."

Amr Al Menhali, Head of Islamic Banking at ADCB, said:

"At ADCB, we maintain a commitment to listen and react to the needs of our customers, designing solutions to best meet customer requirements. In doing so, ADCB has created 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 comprehensive range of products has been developed to meet the needs of our customers. The key to our offering is choice, allowing customers to pick the combination of products that works best for them.