Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has launched a series of special offers exclusively to healthcare professionals as a tribute for the relentless efforts during the COVID-19 pandemic as part of the bank’s programme to support customers and community during the ongoing COVID-19 pandemic. These offer include a reduction on the profit rate and pricing discounts on some of ADIB products.
ADIB has been supporting customers during this pandemic by postponing the monthly installments on existing finance in accordance with the Central Bank of the UAE’s Targeted Economic Support Scheme.
Philip King, Global Head of Retail Banking at ADIB, said: “The commitment shown by UAE healthcare professionals to protect our families and communities in recent months has been truly exceptional. ADIB wants to pay tribute to the many heroes who have been working at the frontline to provide critical care in extremely challenging circumstances. As an expression of our gratitude, the bank has unveiled a series of exclusive offers for medical workers to thank them for their remarkable service.”
The exclusive promotions, which are available to UAE customers working in the healthcare industry, include:
- Special reduction on the profit rate of personal and auto finance
- AED500 reduction in fees for ADIB covered cards or a voucher from Amazon or Noon when applying for cards
- fixed profit rates on home finance starting from 2.99% per annum on home finance
- 20% fee reduction on all wealth management products
- Smartaccount welcome pack delivered to your doorstep and no minimum balance requirement for Smartbanking
- An iPad with every Life and Savings Takaful plan, if an AED 1,000 monthly contribution is made
UAE-based healthcare professionals can learn more about these promotions, as well as apply for them, at adib.ae/Heroes.
ADIB was among the first UAE financial institutions to launch relief measures for customers during COVID-19, including the postponement of monthly installment payments and the reduction of certain fees or charges across a range of products, in line with the Central Bank of the UAE’s Targeted Economic Support Scheme in response to COVID-19. ADIB has also collaborated with the Abu Dhabi Department of Finance to be part of the SME Credit Guarantee Scheme, which aims to bolster the resilience of SMEs registered and operating in the Emirate by increasing access to finances.
In addition to supporting customers, ADIB has also offered extensive support to the community during the COVID-19 outbreak. Initiatives include donating AED 25 million to the Ma’an ‘Together We Are Good’ programme, designed to encourage financial and in-kind contributions from individuals and companies to support the community.
ADIB is a leading Islamic bank with more than AED 122 billion in assets. Established in 1997, the bank provides world-class, Sharia’a-compliant retail, corporate, business, private banking and wealth management solutions through award-winning digital channels and across an extensive branch network. The bank has a presence in six strategic markets, including Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan and Iraq. Its shares trade on the Abu Dhabi Stock Exchange (ADX).
ADIB has more than 2,000 employees and remains one of the leading banks in the recruitment, development and promotion of local talent across all of its geographies. The bank has one of the highest Emiratization ratios and approximately 36 percent of the bank’s workforce are UAE nationals.
Named ‘World’s Best Islamic Bank’ by the Financial Times’ The Banker publication, ADIB has a rich track record of innovation based on a desire to always improve its customers’ banking experience. Amongst other benefits, the bank’s recent digital transformation programme has led to the creation of a new generation of technology-enhanced branch, ADIB Express, which combines the benefits of digital banking with a highly-personalised customer service, and Express Finance, providing qualifying customers with access to personal finance through a mobile app in less than 30 minutes.
For media information, please visitwww.adib.ae or contact:
ADIB Brunswick Group
Radwa Shehab Sarah Abdelbary
Head of External Communications Account Director
Direct: +971 2 6910169 Direct: +971 2 234 4600
© Press Release 2020