Company Insights Abu Dhabi Islamic Bank Banking & 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 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 & 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 Real Estate Two UAE banks fund London property buyout Emirates NBD and Abu Dhabi Islamic Bank (ADIB) have funded the acquisition of a student accommodation property in London for £140 million ($176.23 million). The property, Paddington Citi View, has 353 premium bedrooms in a high-demand location, 100 metres from London’s Paddington Station. It is ideally situated for top academic institutions across the city, the Emirati […] December 19, 2024 Health PureHealth in talks to buy hospital operator NMC PureHealth Holding, the UAE’s largest healthcare group, is in discussions to acquire the UAE hospital operator NMC Healthcare, sources familiar with the matter say. A deal, if finalised, could be announced before the first half of 2025, sources told AGBI, speaking on condition of anonymity. Other potential bidders had explored the opportunity but were not […] November 15, 2024 Transport Hafeet Rail secures $1.5bn loan for UAE-Oman rail link Hafeet Rail, formerly Oman and Etihad Rail Company, has secured funding of $1.5 billion from a consortium of regional and global banks for the 238km railway network. The $2.5 billion Omani-Emirati railway network project is the first link in a unified regional transport and logistics chain and will link five major ports and various industrial and free […] October 10, 2024 Finance ESG-focused companies ‘give better shareholder returns’ Middle East listed companies that score highly on environmental, social and governance criteria provide a bigger total return for shareholders than their less ESG-conscious rivals. The Hawkamah Middle East and North Africa ESG Index includes the top 50 companies by ESG score from the 150 blue-chip stocks that constitute the wider S&P Pan Arab Composite […] September 12, 2024 Analysis Banking & Finance US interest rate cut will impact UAE bank margins UAE banking sector profits have soared as higher-for-longer interest rates boosted margins and loan defaults remained low. Yet analysts predict that imminent US interest rate cuts will squeeze profitability, despite the likelihood of reduced borrowing costs bolstering loan growth. Dubai’s Emirates NBD reported a record first-half profit of AED13.8 billion ($3.76 billion), while First Abu […] September 6, 2024 Banking & Finance Bad loan provisions drop markedly at UAE banks Most of the UAE’s top banks have significantly reduced how much they put aside to cover bad loans, in an indication of a generally benign economy and expectations of growth stretching into next year. During April and June this year, banks set aside AED1.3 billion ($350 million) in net loan loss provisions (LLPs) – the […] August 22, 2024 Opinion Finance Sharia index is tentative step for Islamic finance in Egypt Egyptian governments and investors have an awkward relationship with sharia-compliant finance June 26, 2024 Finance Aldar prepares for new 10-year green Islamic bonds Aldar Properties, the largest developer in Abu Dhabi, has appointed banks for its US-dollar-denominated 10-year green Islamic bond, according to a news report. HSBC and Standard Chartered Bank will lead as joint global coordinators, Reuters reported, citing a bank document. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First […] May 8, 2024 Posts navigation 1 2 … 4 Next
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 & 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
Real Estate Two UAE banks fund London property buyout Emirates NBD and Abu Dhabi Islamic Bank (ADIB) have funded the acquisition of a student accommodation property in London for £140 million ($176.23 million). The property, Paddington Citi View, has 353 premium bedrooms in a high-demand location, 100 metres from London’s Paddington Station. It is ideally situated for top academic institutions across the city, the Emirati […] December 19, 2024
Health PureHealth in talks to buy hospital operator NMC PureHealth Holding, the UAE’s largest healthcare group, is in discussions to acquire the UAE hospital operator NMC Healthcare, sources familiar with the matter say. A deal, if finalised, could be announced before the first half of 2025, sources told AGBI, speaking on condition of anonymity. Other potential bidders had explored the opportunity but were not […] November 15, 2024
Transport Hafeet Rail secures $1.5bn loan for UAE-Oman rail link Hafeet Rail, formerly Oman and Etihad Rail Company, has secured funding of $1.5 billion from a consortium of regional and global banks for the 238km railway network. The $2.5 billion Omani-Emirati railway network project is the first link in a unified regional transport and logistics chain and will link five major ports and various industrial and free […] October 10, 2024
Finance ESG-focused companies ‘give better shareholder returns’ Middle East listed companies that score highly on environmental, social and governance criteria provide a bigger total return for shareholders than their less ESG-conscious rivals. The Hawkamah Middle East and North Africa ESG Index includes the top 50 companies by ESG score from the 150 blue-chip stocks that constitute the wider S&P Pan Arab Composite […] September 12, 2024
Analysis Banking & Finance US interest rate cut will impact UAE bank margins UAE banking sector profits have soared as higher-for-longer interest rates boosted margins and loan defaults remained low. Yet analysts predict that imminent US interest rate cuts will squeeze profitability, despite the likelihood of reduced borrowing costs bolstering loan growth. Dubai’s Emirates NBD reported a record first-half profit of AED13.8 billion ($3.76 billion), while First Abu […] September 6, 2024
Banking & Finance Bad loan provisions drop markedly at UAE banks Most of the UAE’s top banks have significantly reduced how much they put aside to cover bad loans, in an indication of a generally benign economy and expectations of growth stretching into next year. During April and June this year, banks set aside AED1.3 billion ($350 million) in net loan loss provisions (LLPs) – the […] August 22, 2024
Opinion Finance Sharia index is tentative step for Islamic finance in Egypt Egyptian governments and investors have an awkward relationship with sharia-compliant finance June 26, 2024
Finance Aldar prepares for new 10-year green Islamic bonds Aldar Properties, the largest developer in Abu Dhabi, has appointed banks for its US-dollar-denominated 10-year green Islamic bond, according to a news report. HSBC and Standard Chartered Bank will lead as joint global coordinators, Reuters reported, citing a bank document. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First […] May 8, 2024
