ADIB becomes first Islamic bank to combine POS Machine, current account, and business finance in one offering

February 14, 2016, Abu Dhabi - Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has become the first Islamic bank in the United Arab Emirates to offer a full merchant solution.

This solution consists of bundled products and services that cater to the various financial and transactional needs of SMEs in the UAE. The package offers the ADIB Point-of-Sale (POS) machine, which helps businesses to accept card payments in their outlets, an ADIB Business Merchant Account with a waiver on monthly maintenance fees, and access to state of the art internet banking with unlimited number of free local and international transfers. The bundle also provides business owners with the option to use ADIB POS Finance, which offers merchants considerable finance amounts with competitive rates against their Point-of-Sale receivables.

 "In a challenging economic environment for SMEs, it is becoming more difficult for them to operate efficiently and secure finance," said Mahdi Kilani, Head of ADIB Business Banking. "We believe that these businesses are still and will remain the engine of growth for the UAE economy and need support from financial institutions with a clear view of their needs." He continued: "Therefore we have come up with this solution that allows us to offer SMEs the opportunity to grow their businesses, reduce their operating costs, and get access to finance with competitive pricing."

ADIB is one of the largest banks in the UAE with a distribution network that includes 88 branches and more than 760 ATM and CDM machines. The Bank offers a comprehensive suite of products and services for retail, corporate, SME, private and priority banking customers across the UAE. 

-Ends-

About ADIB:
ADIB is one of the largest retail banks in the UAE. Its 857,000 customers benefit from a network of nearly 88 branches and more than 785 ATMs, as well as online, mobile and phone banking, providing them access to their accounts 24 hours a day. Named "Best Bank in the UAE" by The Financial Times' The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products. The bank has continuously increased its asset base over the past five years and is continuing to build its presence internationally in countries such as Egypt, in which it has 70 branches, as well as the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.

© Press Release 2016