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ADIB Egypt appoints Al-Mashat as board member

Minister of International Cooperation Rania Al-Mashat has been appointed as a non-executive board member in Abu Dhabi Islamic Bank (ADIB Egypt) upon the prime minister’s approval.

Updated 8/1/2023 9:32:00 AM
ADIB Egypt to launch Egypt’s 1st Sharia-compliant microfinance firm

The Financial Regulatory Authority (FRA) has granted Abu Dhabi Islamic Bank (ADIB Egypt) a license to launch the first Sharia-compliant microfinance firm in Egypt.

Updated 7/31/2023 8:29:00 AM
ADIB Egypt to secure $50M loan from IFC via Murabaha

Abu Dhabi Islamic Bank (ADIB Egypt) has signed the first Islamic Sharia-compliant subordinated Tier 2 loan agreement worth $50 million with the International Finance Corporation (IFC) using the Murabaha system.

Updated 7/17/2023 12:20:00 PM
ADIB Egypt to offer sharia-compliant mortgages for New Avenue’s customers

Abu Dhabi Islamic Bank Egypt (ADIB) has inked a cooperation agreement with New Avenue Real Estate Consultancy to provide sharia-compliant property finance services at competitive prices to the latter's customers.

Updated 5/21/2023 12:53:00 PM
ADIB Egypt reports 125.4% YoY climb in Q1 consolidated profits

ADIB Egypt is an EGX-listed bank that operates within the provision of retail, corporate, and investment banking services through a network of 69 branches located across Egypt.

Updated 5/14/2023 12:12:00 PM
Abu Dhabi Islamic Bank Egypt’s profits leap 51% YoY in 2022

ADIB Egypt is an award-winning bank that started its operations in Egypt after the acquisition of the National Bank for Development (NBD), through the Emirati consortium between Abu Dhabi Islamic Bank and Emirates International Investment Company (EIIC) in 2007.

Updated 2/12/2023 12:03:00 PM