ADIB Wealth Management Launched

 

7 October 2010
Source : Dubai Islamic Bank

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, today announced the launch of its Wealth Management service that will cater to the increasingly discerning needs of mass, affluent and high net worth customers. The service will offer an innovative range of investment solutions that are tailor-made to meet the financial needs of their customers through dedicated and certified relationship managers who are supported by a team of investment professionals. ADIB Relationship Managers combine their industry expertise with technical and investment expertise to deliver innovative investment solutions and to support their brand promise of ‘Trusted Advice by Trusted Advisor.’

ADIB Wealth management offers an innovative range of investment solutions such as Sukuks, Equities, Treasury Markets, Commodities, Mutual Funds, Real Estate Advisory, Trust, Private Equity and other Shari’a Compliant opportunities worldwide. These cater to different risk and return levels and are based on financial objectives, risk tolerance and investment time horizons desired by clients. They have been created by applying advanced analyses, skills and investment techniques to a wide array of global investment opportunities. Its customized asset allocation and investment planning addresses investment needs of the mass, affluent and high net worth individuals. It will utilize concise and well-researched analytics to bring out investment recommendations that enable clear and efficient decision-making by clients.

Launching ADIB Wealth Management, Tirad Mahmoud, CEO of ADIB, said: “ADIB's growth will be charted with the introduction of new services and wealth management is assigned to be a key service that will enrich clients' portfolios Wealth management is central to our plans going forward and we have allocated sufficient resources to let it spread its wings not only in the UAE but also globally. It is a step in the direction of making the bank a globally preferred Islamic finance solutions provider.”

ADIB Wealth Management will be led by Malik Sarwar, an investment banking veteran with over 25 years of experience in US, Asia and Middle East with firms such as, Citigroup, Merrill Lynch and the Permal Group.

Commented Malik, “As risk aversion levels have increased post-crisis, the debate on conventional versus Islamic investment has taken centre stage in the region. ADIB Wealth Management has been launched at the right time, especially when investors have learnt the lessons of prudence, preservation, diversification and stability. Pervasive distrust in big corporations and the need to have a trusted advisor who brings trusted advice is important for large investors and that is precisely what we offer. We believe that ADIB Wealth Management is a born winner."

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 – Awards

• ADIB was named ‘The Best Islamic Bank’ in the Middle East at the Banker Middle East Industry Awards 2010, reaffirming its leadership position in the growing Islamic finance sector.
• ADIB also won the HRD award from the Emirates Institute Of Banking & Financial Studies.
• ADIB’s GHINA saving program won the Best Savings Account award at the Banker Middle East Product Awards 2010. ADIB won the ‘Best Private Sector Customer Service Team' award at the 2010 UAE Customer Service Week forum, held by The International Customer Service Institute UK.