• The platform automates banking services allowing businesses in Iraq to save on costs and achieve greater operational efficiencies 

Abu Dhabi : Abu Dhabi Islamic Bank (ADIB), a leading financial institution, revealed that it will strengthen its presence in Iraqi market by launching “ADIB Direct”, a digital platform that meets the growing business demands in Iraq.

ADIB Direct is an intuitive digital banking platform that integrates a suite of corporate banking solutions into a single, streamlined interface. The platform offers cash management solutions, cashflow forecasting, and foreign exchange services.

Abdullah Al Shehhi, Head of International Banking Group at ADIB said: “At ADIB, we believe we play an important role in supporting Iraq’s local economy by providing businesses the banking services they need to help them thrive and achieve their financial goals. Through ADIB Direct, we enable companies to efficiently manage their cash payments, liquidity, trade finance, supply chain and foreign exchange needs so they have more time to focus on their business.”

Since its launch in 2019 in UAE, ADIB Direct has helped automate a variety of services for companies, providing them with significant cost and time saving efficiencies. Currently, over 90% of ADIB UAE’s online corporate banking services are fulfilled digitally through the platform.

ADIB is the first UAE bank to have a presence in Iraq in 2012. The bank offers a full range of Shari’a compliant corporate banking products and services. With branches across Baghdad, Erbil, and Basra, ADIB’s broad banking expertise covers government and public sector entities, and a diversified private sector base of financial institutions, trading, contracting, oil & gas, power & energy, manufacturing, and other industries.

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About ADIB

ADIB is a leading bank in the UAE with more than AED 130 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).

ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan and Iraq.

Named World’s Best Islamic Bank 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 Emirates airlines, Etihad and Etisalat and a wide range of financing products.

For media information
ADIB                                                     
Radwa Shehab                                 
Head of External Communications
D: +971 2 6910169                                                           

Brunswick Group
Sarah Abdelbary
Associate
D: +971 2 234 4600

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