|12 May, 2019

Abu Dhabi bank delays instalments on personal financing in Ramadan

Lender annually offers flexible payment to customers during Ramadan to meet their individual personal finance requirements

ADIB's new Gold Center in Abu Dhabi.

ADIB's new Gold Center in Abu Dhabi.

ADIB/Handout via Thomson Reuters Zawya

Abu Dhabi - Mubasher:Abu Dhabi Islamic Bank (ADIB), listed on the Abu Dhabi Securities Exchange (ADX), on Sunday revealed it would postpone a monthly instalment for its personal finance customers at no extra charge during the holy month of Ramadan.

The leading financial institution annually offers flexible payment to customers during Ramadan to meet their individual personal finance requirements, according to a press release.

Philip King, global head of Retail at ADIB, commented: “Addressing our customers’ needs and exceeding their expectations has always been at the core of what we do at ADIB. This holy month, we will offer our personal finance customers flexible payments as we are mindful of the high spending needs.”

“We continue striving to provide our customers with high-end products and customised services that aid them in managing their financials efficiently and through a seamless experience,” King added.

Moreover, customers eligible for the Ramadan payment postponement initiative, made automatically, will be informed by SMS, the ADIB highlighted, noting that the offer is valid for instalments due between 1 May and 31 May.

However, customers are free whether to withdraw or maintain making instalment payments, the bank pointed out.

Throughout the holy month, ADIB has been hosting a number of Ramadan tents across the UAE that organise Iftars managed by the bank’s employees who have volunteered to be part of the initiative.

Source: Mubasher

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