Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  ABU DHABI SECURITIES MARKET  >  Abu Dhabi Islamic Bank PJSC    ADIB   AEA000801018

ABU DHABI ISLAMIC BANK PJSC

(ADIB)
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Abu Dhabi Islamic Bank PJSC : ADIB Community Banking To Serve Non Profit Organisations

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/13/2012 | 10:55am EDT

ADIB Community Banking To Serve Non Profit Organisations

Abu Dhabi, 2012: Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, announced today the launch of ADIB Community Banking to address the banking requirements of non-profit organisations and government and private organisations focused on serving the UAE community. As part of this pioneering business line, the bank will provide customized banking services to community-oriented entities and charitable institutions as part of its social responsibility initiatives.

The target market for ADIB Community Banking includes Charities and Philanthropy Associations that provide poverty relief, advancement of education and health; Special Needs Foundations and Centers that care for the handicapped and persons suffering Autism; and Social Development and Welfare Organizations that provide social welfare, voluntary services, combat harmful practices and support human rights.

ADIB Community Banking will also be provided to Islamic affairs authorities, education and research institutions, healthcare authorities, cultural, arts and heritage authorities, environment and animal welfare authorities, sports associations and general and professional associations of public interest.

Explaining the rationale behind this new business line, Trad Almahmoud, CEO of ADIB Group said: "ADIB Community Banking is a unique and specialized customer segment that complements our mission and shared values in serving the communities in which we operate. Its primary objective is to support ournon-profit organisations by helping to re-deploy their income more effectively. As a bank, we are providing clear opportunities to these organisations by cross-selling our products and services but what we are primarily looking to do is to create new products for them."

ADIB Community Banking was conceived in cooperation with number of the bank's existing community oriented clients in Abu Dhabi. Products and services that are offered include Current and Savings Accounts, Cash Management, Transaction Banking, and wide range of Sharia'h compliant products & services.

ADIB Community Banking will be led by Abdulrahman Abdulla, Head of Strategic Clients Group at ADIB. He has three decades of experience in the banking industry and played a key role in establishing ADIB Private Banking Group. Abdulrahman is responsible for all of the bank's strategic client relationships and is Vice Chairman of ADIB Securities, the group's brokerage.

In addition to our current products and service range that ADIB will initially offer, the strategy within ADIB Community Banking includes introducing investment products, such as Sukuk, and advanced services such as cash management solutions, endowment management options and business planning and advisory services. ADIB will also play an important role in sponsorships and partnership opportunities as its relationships grow and aim to build a considerable market share in the community banking sector.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ABU DHABI ISLAMIC BANK PJS
06/27ABU DHABI ISLAMIC BANK : ADIB finances Saudi property acquisition in Manchester
AQ
06/26ABU DHABI ISLAMIC BANK : ADIB finances Saudi property acquisition in Manchester
AQ
06/23ABU DHABI ISLAMIC BANK : ADIB unveils new savings plan ‘Khuttati'
AQ
06/21ADX adds 1.6% in week
AQ
06/13ABU DHABI ISLAMIC BANK : ADIB launches digital personal finance service via mobi..
AQ
06/12ABU DHABI ISLAMIC BANK : ADIB rolls out new digital personal finance service
AQ
06/11ABU DHABI ISLAMIC BANK : Fitch Ratings affirms ADIB's IDR at A+
AQ
06/09INSIDER TRADING EXECUTIONS : Trading Session 03/06/2019
AQ
06/09INSIDER TRADING EXECUTIONS : Trading Session 03/06/2019
AQ
06/03INSIDER TRADING EXECUTIONS : Trading Session 02/06/2019
AQ
More news
Financials (AED)
Sales 2019 5 927 M
EBIT 2019 3 205 M
Net income 2019 -
Debt 2019 -
Yield 2019 5,23%
P/E ratio 2019 -
P/E ratio 2020 -
Capi. / Sales2019 3,28x
Capi. / Sales2020 3,12x
Capitalization 19 431 M
Chart ABU DHABI ISLAMIC BANK PJSC
Duration : Period :
Abu Dhabi Islamic Bank PJSC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ABU DHABI ISLAMIC BANK PJS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 6,00  AED
Last Close Price 5,35  AED
Spread / Highest target 25,2%
Spread / Average Target 12,1%
Spread / Lowest Target 0,93%
EPS Revisions
Managers
NameTitle
Mazin Manna Group Chief Executive Officer
Jawaan Awaidha Suhail Al-Khaili Chairman
Hassan Adel Khalifa Head-Operations
Mamoun T. Al-Homssey Chief Information Officer
Khamis M. Khamis Buharoon Al-Shamsi Vice Chairman
Sector and Competitors