Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a number one monetary establishment, immediately introduced that it has been named an ‘Innovator in Islamic Finance’ for 2020 by International Finance journal, marking the fourth consecutive 12 months that ADIB’s improvements have been counseled by the publication’s judging panel.
Three of ADIB’s digital banking companies contributed to the award: Sensible Banking, ADIB’s intuitive cell app; Specific Finance, a service offering prospects with entry to private finance in lower than 30 minutes; and Moneysmart.ae, the net neighborhood that connects customers to share monetary data and experiences.
Serhat Yildrim, Chief Digital Officer at Abu Dhabi Islamic Bank, stated: “The Innovator in Islamic Finance award comes in recognition of our efforts to further enhance our digital capabilities to ensure customers enjoy a seamless, safe and straightforward banking experience. This is underpinned by the significant growth we have seen across our digital banking platforms. In the first quarter of 2020, we saw a 17% increase in average daily downloads of our app and a 20% increase in daily transaction. The growth is not just limited to our retail customers and we’ve seen over 30% growth on the corporate side.”
Lately, ADIB has invested closely in modern banking options as a part of a digital transformation technique. The ADIB cell app at the moment information over 2 million cell transactions each month as prospects conduct a variety of banking actions, resembling making use of for playing cards and financing or paying payments, all from the consolation and comfort of their very own house.
ADIB has just lately launched ADIB Direct, a brand new digital banking platform for companies that integrates a set of banking options right into a single, streamlined interface. The platform consists of ADIB Workplace Banking, which gives a lot of distant entry options, resembling cheque printing, cheque scanning, alongside different companies, enabling prospects to get pleasure from quick and secured 24/7 banking expertise remotely.
ADIB has acquired quite a few awards for its digital and commerce financing choices in current months together with ‘Best Islamic Financier’ on the Worldwide Commerce Finance Awards 2019 and ‘Best Islamic Digital Bank’ by International Finance. The bank was additionally named ‘World’s Greatest Islamic Bank’ by the FT’s The Banker Journal.
ADIB is a number one Islamic bank with greater than AED 122 billion in belongings. Established in 1997, the bank gives world-class, Sharia’a-compliant retail, company, enterprise, personal banking and wealth administration options by way of award-winning digital channels and throughout an in depth department community. The bank has a presence in six strategic markets, together with Egypt, the place it has 70 branches, the Kingdom of Saudi Arabia, the UK, Sudan and Iraq. Its shares commerce on the Abu Dhabi Stock Change (ADX).
ADIB has greater than 2,000 staff and stays one of many main banks within the recruitment, growth and promotion of native expertise throughout all of its geographies. The bank has one of many highest Emiratization ratios and roughly 36 % of the bank’s workforce are UAE nationals.
Named ‘World’s Greatest Islamic Bank’ by the Monetary Occasions’ The Banker publication, ADIB has a wealthy monitor report of innovation primarily based on a need to all the time enhance its prospects’ banking expertise. Amongst different advantages, the bank’s current digital transformation programme has led to the creation of a brand new era of technology-enhanced department, ADIB Specific, which mixes the advantages of digital banking with a highly-personalised customer support, and Specific Finance, offering qualifying prospects with entry to private finance by way of a cell app in lower than 30 minutes.
For media data, please go towww.adib.ae or contact:
ADIB Brunswick Group
Radwa Shehab Sarah Abdelbary
Head of Exterior Communications Account Director
Direct: +971 2 6910169 Direct: +971 2 234 4600
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