Abu Dhabi Islamic Bank signs MoU with Abu Dhabi Global Market

Abu Dhabi Islamic Bank (ADIB) has signed a Memorandum of Understanding with Abu Dhabi Global Market (ADGM), it announced yesterday.

The entities will collaborate to support the growth needs of the financial community in Abu Dhabi, and the agreement will see ADIB providing ADGM registered and licenced entities and dedicated client managers preferential Sharia-compliant banking services.

Nasser Al Awadhi, Group CEO, ADIB said: “In partnership with ADGM, we are committed to advancing the dynamic business environment and supporting thriving financial ecosystem. ADIB will provide ADGM registered entities with seamless banking experience, bespoke financial solutions and expertise through a broad collection of customised products and services to help them achieve their full potential.”

Dhaher Bin Dhaher, CEO of the Registration Authority of ADGM, said: “We are pleased to partner with a leading Islamic financial institution in the region to support mutually beneficial initiatives to empower ADGM’s community with dedicated Shariah-compliant banking services.”