ADIB first UAE bank to partner with Booking.com; offers cash back on all hotel spends.

February 10, 2016, Abu Dhabi - Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has become the first bank in the United Arab Emirates to enter a partnership with global online accommodation provider, Booking.com.

The partnership will allow ADIB's covered card customers to receive cash in their account every time they book hotel accommodation through a custom built website, which will offer the full portfolio of product from Booking.com, including access to its 850,000+ accommodations across 200+ destinations globally.

UAE residents spend over AED 74 billion annually on foreign travel, according to the World Travel and Tourism Council, while the body estimates that tourism is worth around AED140 billion to the UAE economy.

'Because a reasonably significant proportion of travel related spending by UAE residents goes towards hotel accommodation, this partnership gives real value to our customers,' said Venkatesh Srikantan, Head of Retail - Expat Banking at ADIB. 'As a customer-centric Bank, it is of utmost importance for us to design value added products that suit our customers' lifestyles and financial needs.'

All ADIB covered cards will be eligible for the offer. A 4% cashback will be offered for room rentals booked through a specific webpage (hotels.adib.ae) created for the purpose and when the hotel is paid for using ADIB Covered Card. The cashback will be credited to the customer's account in the following month.​​

Abu Dhabi Islamic Bank PJSC issued this content on 10 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 February 2016 11:40:24 UTC

Original Document: http://www.adib.ae/en/Pages/News_Details.aspx?id=51