ADIB Opens 60th Branch in Jumeirah

 

23 November 2010
Source : ADIB

Tirad Mahmoud, CEO of Abu Dhabi Islamic Bank, a top-tier Islamic financial services group, has announced the opening of ADIB’s new branch in Jumeirah. ADIB's branch network now has 60 branches across the UAE of which 10 are in Dubai.

The opening of this new branch is part of ADIB’s expansion plan initiated last year that aims to enhance physical presence for its services in the UAE.

The new branch is strategically located in Umm Suqeim to provide easy access for ADIB's growing customer base in the surrounding areas. Like ADIB's other branches, the Jumeirah branch will remain open from 8 am to 2 pm to offer customers its portfolio of Shari’a compliant products and services.

“Our branch rollout is progressing as planned to reach our objectives of having 70 branches in the future. A major part of our expansion plan entails strengthening our presence in Dubai and Northern Emirates as we aim to be closer to our current and potential clients. Since the beginning of this year, ADIB has launched four branches in Dubai and we will continue expanding in the Emirate to reach a maximum number of customers,” said Sameh Al-Awadallah, Head of Branches of ADIB.

The Jumeirah branch will be managed by Yaqoob Yousuf Ahli. He and his team of talented UAE nationals are distinguished by their training and deep knowledge of ADIB’s culture in Islamic banking services.

 

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.