Al Hilal Islamic Bank JSC has completed its rebranding to offer corporate financial products and services under the ADCB Islamic banking brand. ADCB Islamic Bank JSC (ADCB Islamic) is now a directly owned subsidiary of Abu Dhabi Commercial Bank PJSC, which is one of the largest banks in the UAE with USD 167 billion in assets as at the end of June 2024. ADCB Group acquired Al Hilal Islamic Bank in Kazakhstan as part of its acquisition of Al Hilal Bank in the UAE back in 2019.

This rebranding and reorganisation reflect the ADCB Group’s strategy to expand its Corporate and Investment Banking operations in Kazakhstan and Central Asia and to deepen its support for corporate and institutional clients across the region. ADCB Islamic will continue to provide a growing suite of Shari’ah-compliant banking products to corporate and institutional clients across a diverse range of economic sectors. In light of the Financial Regulator’s stated proposals to amend the Banking Law and related regulations to allow Tier 2 banks to offer both Islamic and conventional banking products in Kazakhstan, the Bank will also explore opportunities to expand its product offerings if these amendments are enacted as expected.

The ADCB Islamic new name emphasises not only its new status and closer affiliation with ADCB Group, but also opens new opportunities for it to develop and grow its business in Kazakhstan and across the region. This strategic expansion marks a pivotal moment, underscoring ADCB Group’s commitment to growth and its capability to unlock opportunities for corporate and institutional clients. Through its renewed presence in Kazakhstan, combined with ADCB Group’s network in the UAE and broader Middle East region, ADCB Group is uniquely positioned to support companies operating along key regional economic corridors leveraging its expertise and sophisticated offering to play an increasingly prominent role in facilitating trade and investment flows.