Abu Dhabi Islamic Bank PJSC (ADIB) is a prominent Islamic bank based in Abu Dhabi, UAE, offering a wide range of Sharia-compliant banking services. The bank operates in several key business segments:
- Global Retail Banking: Includes consumer banking services such as Murabaha and Ijara financing for individuals and small and medium businesses.
- Global Wholesale Banking: Offers financing, credit facilities, current accounts, and deposits for businesses.
- Private Banking: Provides exclusive financing, credit facilities, and investment services for high-net-worth individuals.
- Treasury: Manages money market, trading, and treasury services.
- Real Estate: Involves the bank’s subsidiaries in acquisition, development, selling, and leasing real estate.
- Associates and Subsidiaries: Covers investments in joint ventures and subsidiaries not included in the primary banking segments.
- Other Operations: Includes the head office and unallocated costs.
ADIB has become one of the leading Islamic banks in the region, providing Sharia-compliant banking solutions and financial services to both individual and corporate clients.
Establishment
Abu Dhabi Islamic Bank was established on May 20, 1997, through Amiri Decree No. 9 of 1997, and began operations on November 11, 1998. The bank was officially inaugurated by Abdullah Bin Zayed Al Nahyan, UAE Minister of Information and Culture, on April 18, 1999.
Capital Information
ADIB started with a paid-up capital of one billion dirhams, divided into 100 million shares, with each share valued at ten dirhams. The shares are quoted on the Abu Dhabi Securities Market.
Founders
The founding shareholders of ADIB hold 29% of the bank’s equity, while the remaining 71% is held by 100,000 shareholders. Notable founding shareholders include:
- Abu Dhabi Investment Authority (ADIA)
- Prominent UAE Nationals
Board of Directors
- Chairman: H.E. Jawaan Awaidha Suhail Awaidha Al Khaili
- Vice Chairman & Board Member: Mr. Faisal Sultan Naser Salem Al Shuaibi
- Group CEO: Mr. Mohammed Abdelbary
- Non-Executive Board Members:
- Mr. Abdulla Ali Musleh Jumhour Al Ahbabi
- Mr. Abdul Wahab Al-Halabi
- Mr. Khalifa Matar Khalifa Qaroona Almheiri
- Mrs. Maha Mohammed Al Qattan
- Mr. Najib Youssef Fayyad
The average tenure of ADIB Board members is 5 years.
Country of Incorporation
United Arab Emirates (UAE)
Incorporation Date
November 3, 1997
Business Sector
Banking & Investment Services
Company Address
Sheikh Rashid Bin Saeed St (Old Airport Road), Opposite to Millennium Al Rawdah Hotel, Abu Dhabi, UAE
