Company Insights Abu Dhabi Islamic Bank Banking and Finance Abu Dhabi Islamic Bank Overview Abu Dhabi Islamic Bank (ADIB) was incorporated in 1997 to serve as the first Islamic bank in Abu Dhabi, starting commercial operations in November 1998. Abu Dhabi Islamic Bank is the fourth largest Islamic bank globally by assets and the Middle East and Africa’s 20th largest bank by market capitalisation, according to S&P Global. It currently serves more than one million customers. Its founders, which include the Abu Dhabi Investment Authority (Adia) hold 29% of its equity while the remaining 71% is held by approximately 100,000 shareholders. Abu Dhabi Islamic Bank has one of the largest distribution networks in the UAE with more than 60 branches and almost 400 ATMs. Internationally the bank has a presence in six strategic markets: Egypt, where it has 70 branches, Saudi Arabia, the UK, Qatar, Sudan and Iraq. All Abu Dhabi Islamic Bank’s contracts, operations and transactions are carried out in accordance with Islamic Sharia principles and will not invest in things such as alcohol, tobacco and gambling. Abu Dhabi Islamic Bank News Analysis Banking and Finance Retail and corporate lending help UAE banks to prosper Consumer demand for mortgages, credit cards and personal loans as well as increased corporate and government borrowing helped most major UAE banks post double-digit rises in profits in the first quarter of this year. The profit surge, which comes despite a greater tax burden on the sector, has supported a renewed rally in banking stocks. […] June 14, 2025 Analysis Banking and Finance Gulf banks fight back to beat buy-now-pay-later advantage Gulf banks are moving aggressively to claw back billions of dollars in market share from buy-now-pay-later fintechs, turning to new payments infrastructure to reassert control at checkout, according to industry executives. Visa is working with lenders in the UAE and Saudi Arabia to expand its “Installment Solutions” platform, which allows credit cardholders to split payments […] June 10, 2025 Finance Mubadala’s $1bn sukuk order book oversubscribed five times Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year US dollar-denominated Islamic bonds, or sukuk, in its first debt sale of the year, news service IFR said on Wednesday. Acting through the Mamoura Diversified Global Holding debt vehicle, Mubadala priced the bonds at 60 basis points (bps) over US treasuries, narrower than […] May 29, 2025 Banking and Finance Adnoc to raise $1.5bn with Islamic bonds Abu Dhabi state oil giant Adnoc will raise $1.5 billion from a debut sale of Islamic bonds, or sukuk, according to a document seen by Reuters on Monday. Abu Dhabi National Oil Company, acting through its primary debt capital markets entity Adnoc Murban, is selling the sukuk at 60 basis points over US Treasuries, the […] April 29, 2025 Banking and Finance ADIB profit up 18% on increased lending and fee income Abu Dhabi Islamic Bank (ADIB) reported a double-digit growth in net profit for the first quarter, on the back of an increase in lending and income from fees and commissions. The bank, which is ranked by Forbes as the Middle East’s 12th most valuable lender, reported a net profit after tax of AED1.7 billion ($463 […] April 24, 2025 Banking and Finance Fractional sukuk platform launched by UAE bank Sukuk investing in the Gulf has long been the preserve of institutional and wealthy investors because of a six-figure minimum investment threshold, effectively excluding ordinary people from buying sharia-compliant bonds directly. Now though, Abu Dhabi Islamic Bank (ADIB) has launched an investment platform, Smart Sukuk, on which retail investors can buy so-called fractional sukuk for […] April 22, 2025 Analysis Real Estate Shortage of Dubai homes forces buyers to go off-plan A shortage of completed homes for sale in Dubai is pushing people to buy off-plan properties, which have hit record highs in terms of units bought and as a proportion of purchases. Off-plan investors in the emirate have long had to fund their own purchases, but the growing importance of yet-to-be-completed properties may spur more […] April 9, 2025 Analysis Renewable Energy Shortage of ‘bankable’ green energy projects stymies investment While the Middle East has seen a surge in sustainable finance initiatives, investors are struggling to find commercially viable energy projects to invest in. This is particularly the case in developing nations, according to industry experts. The financial sector in the UAE has pledged to “mobilise” AED1 trillion ($272 billion) in sustainable finance by 2030. […] March 21, 2025 Real Estate Damac tightens yield on $750m sukuk Dubai developer Damac Real Estate Development has sold $750 million in 3-1/2-year Islamic bond (sukuk), according to a document seen by Reuters on Wednesday. The yield was set at 7 percent, narrower than the 7.5 percent initial price guidance released earlier in the day after the orders surpassed $2.3 billion, the lead bank document showed. […] February 20, 2025 Banking and Finance ADIB 2024 profit rises 16% to $436m on revenue surge Abu Dhabi Islamic Bank (ADIB) reported a 16 percent annual surge in net profit to AED6.1 billion ($435.6 million) in 2024, driven by strong balance sheet growth, increased business momentum and diversified revenue growth. Revenue rose by 14 percent to AED10.6 billion from AED9.3 billion last year. This growth was supported by strong increases in […] January 29, 2025 Posts navigation 1 2 … 5 Next
Analysis Banking and Finance Retail and corporate lending help UAE banks to prosper Consumer demand for mortgages, credit cards and personal loans as well as increased corporate and government borrowing helped most major UAE banks post double-digit rises in profits in the first quarter of this year. The profit surge, which comes despite a greater tax burden on the sector, has supported a renewed rally in banking stocks. […] June 14, 2025
Analysis Banking and Finance Gulf banks fight back to beat buy-now-pay-later advantage Gulf banks are moving aggressively to claw back billions of dollars in market share from buy-now-pay-later fintechs, turning to new payments infrastructure to reassert control at checkout, according to industry executives. Visa is working with lenders in the UAE and Saudi Arabia to expand its “Installment Solutions” platform, which allows credit cardholders to split payments […] June 10, 2025
Finance Mubadala’s $1bn sukuk order book oversubscribed five times Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year US dollar-denominated Islamic bonds, or sukuk, in its first debt sale of the year, news service IFR said on Wednesday. Acting through the Mamoura Diversified Global Holding debt vehicle, Mubadala priced the bonds at 60 basis points (bps) over US treasuries, narrower than […] May 29, 2025
Banking and Finance Adnoc to raise $1.5bn with Islamic bonds Abu Dhabi state oil giant Adnoc will raise $1.5 billion from a debut sale of Islamic bonds, or sukuk, according to a document seen by Reuters on Monday. Abu Dhabi National Oil Company, acting through its primary debt capital markets entity Adnoc Murban, is selling the sukuk at 60 basis points over US Treasuries, the […] April 29, 2025
Banking and Finance ADIB profit up 18% on increased lending and fee income Abu Dhabi Islamic Bank (ADIB) reported a double-digit growth in net profit for the first quarter, on the back of an increase in lending and income from fees and commissions. The bank, which is ranked by Forbes as the Middle East’s 12th most valuable lender, reported a net profit after tax of AED1.7 billion ($463 […] April 24, 2025
Banking and Finance Fractional sukuk platform launched by UAE bank Sukuk investing in the Gulf has long been the preserve of institutional and wealthy investors because of a six-figure minimum investment threshold, effectively excluding ordinary people from buying sharia-compliant bonds directly. Now though, Abu Dhabi Islamic Bank (ADIB) has launched an investment platform, Smart Sukuk, on which retail investors can buy so-called fractional sukuk for […] April 22, 2025
Analysis Real Estate Shortage of Dubai homes forces buyers to go off-plan A shortage of completed homes for sale in Dubai is pushing people to buy off-plan properties, which have hit record highs in terms of units bought and as a proportion of purchases. Off-plan investors in the emirate have long had to fund their own purchases, but the growing importance of yet-to-be-completed properties may spur more […] April 9, 2025
Analysis Renewable Energy Shortage of ‘bankable’ green energy projects stymies investment While the Middle East has seen a surge in sustainable finance initiatives, investors are struggling to find commercially viable energy projects to invest in. This is particularly the case in developing nations, according to industry experts. The financial sector in the UAE has pledged to “mobilise” AED1 trillion ($272 billion) in sustainable finance by 2030. […] March 21, 2025
Real Estate Damac tightens yield on $750m sukuk Dubai developer Damac Real Estate Development has sold $750 million in 3-1/2-year Islamic bond (sukuk), according to a document seen by Reuters on Wednesday. The yield was set at 7 percent, narrower than the 7.5 percent initial price guidance released earlier in the day after the orders surpassed $2.3 billion, the lead bank document showed. […] February 20, 2025
Banking and Finance ADIB 2024 profit rises 16% to $436m on revenue surge Abu Dhabi Islamic Bank (ADIB) reported a 16 percent annual surge in net profit to AED6.1 billion ($435.6 million) in 2024, driven by strong balance sheet growth, increased business momentum and diversified revenue growth. Revenue rose by 14 percent to AED10.6 billion from AED9.3 billion last year. This growth was supported by strong increases in […] January 29, 2025
