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
  1. Homepage
  2. Equities
  3. United Arab Emirates
  4. Abu Dhabi Securities Exchange
  5. Abu Dhabi Islamic Bank
  6. News
  7. Summary
    ADIB   AEA000801018

ABU DHABI ISLAMIC BANK

(ADIB)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

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

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

© Publicnow 2012
All news about ABU DHABI ISLAMIC BANK
07/06Emirate of Sharjah sells $750 million in 10-year sukuk
RE
07/06Emirate of Sharjah gives initial guidance for 10-year dollar sukuk - document
RE
07/06Abu Dhabi Islamic Bank Appoints Bushra Al Shehhi as the New Head of Human Res..
CI
07/05Emirate of Sharjah returns to debt markets with dollar sukuk offering
RE
06/09Kuwait's Ahli United Bank sells $600 million Islamic bond
RE
05/01Abu Dhabi Islamic Bank PJSC Reports Earnings Results for the First Quarter En..
CI
2020Unionpay Partners with Abu Dhabi Islamic Bank to Enable Contactless Payment o..
CI
2020Abu Dhabi Islamic Bank Pjsc Reports Earnings Results for the Third Quarter En..
CI
2020Abu Dhabi Islamic Bank Signs Memorandum of Understanding with Bank Leumi
CI
2020ABU DHABI ISLAMIC BANK : Investment Office to open Tel Aviv office
RE
More news
Financials
Sales 2021 5 386 M 1 467 M 1 467 M
Net income 2021 1 168 M 318 M 318 M
Net Debt 2021 - - -
P/E ratio 2021 16,8x
Yield 2021 1,12%
Capitalization 19 468 M 5 300 M 5 301 M
Capi. / Sales 2021 3,61x
Capi. / Sales 2022 3,53x
Nbr of Employees 0
Free-Float 53,0%
Chart ABU DHABI ISLAMIC BANK
Duration : Period :
Abu Dhabi Islamic Bank Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ABU DHABI ISLAMIC BANK
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Last Close Price 5,36 AED
Average target price 5,78 AED
Spread / Average Target 7,90%
EPS Revisions
Managers and Directors
Mohamed Abdel Bary Group Chief Financial Officer
Jawaan Awaidha Suhail Al-Khaili Chairman
Mamoun T. Al-Homssey Chief Information Officer
Hassan Adel Khalifa Operations Head
Adel Ahmed Al-Zarouni General Manager-Real Estate & Administration