Abu Dhabi Family Business Council Partners with ADIB for Premium Banking Services

MOU Establishes Framework for Banking Services

The Abu Dhabi Family Business Council (ADFBC) has entered into a Memorandum of Understanding (MOU) with Abu Dhabi Islamic Bank PJSC (ADIB) to create a structured framework for delivering premium, Shari’a-compliant banking services tailored to ADFBC members. This agreement is expected to significantly bolster the financial offerings available to high-net-worth families and business owners represented by the Council.

Under the terms of the MOU, ADIB will provide a comprehensive range of Private and Priority Banking services, which include dedicated relationship management, expedited onboarding processes, customized investment options, and covered cards. The collaboration aims to cater specifically to the unique financial needs of ADFBC members, ensuring they receive high-quality service and support.

The agreement encompasses three main areas: the provision of Private and Priority Banking solutions, joint marketing efforts, and secure coordination for personalized service delivery. Additionally, ADIB plans to develop a dedicated electronic portal for ADFBC members, facilitating seamless access to banking services and information.

Strengthening Financial Capabilities for Family Businesses

This partnership aligns with ADFBC’s strategic objective to enhance the financial capabilities of Abu Dhabi’s family business community. H.E. Masoud Al Massoud, Vice Chairman of the ADFBC, emphasized the importance of this MOU in connecting members with world-class financial services that align with their business goals while adhering to Islamic finance principles. Al Massoud described ADIB as a natural partner in this endeavor, anticipating a distinctive banking experience for the families and entrepreneurs driving Abu Dhabi’s economy.

Hasan Abdullah Al Shamsi, Acting Head of Private Banking at ADIB, remarked that the partnership reflects the bank’s commitment to delivering fully integrated private banking services. He highlighted the importance of understanding family needs and providing tailored financial solutions to support long-term stability and ambition.

The MOU is part of ADFBC’s broader vision to establish a robust ecosystem of services and partnerships that enhance the competitiveness and financial resilience of family businesses in Abu Dhabi.

About Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank PJSC is a prominent banking institution in the UAE, boasting assets totaling AED 281 billion. Established in 1997, ADIB offers a wide array of banking services, including Retail, Corporate, Business, Private Banking, and Wealth Management solutions. The bank is recognized for its innovative approach and has received accolades such as the World’s Best Islamic Bank by The Financial Times – The Banker publication.

ADIB maintains a strong presence in six key markets, including Egypt, Saudi Arabia, the United Kingdom, Qatar, and Iraq, and is known for its award-winning financial products, such as the Ghina savings account and co-branded cards with major airlines and telecommunications companies.

Frequently Asked Questions

What is the purpose of the MOU between ADFBC and ADIB?

The MOU aims to establish a framework for premium Shari’a-compliant banking services for ADFBC members.

What services will ADIB provide to ADFBC members?

ADIB will offer Private and Priority Banking services, including personalized financial solutions and dedicated relationship management.

How does this partnership benefit Abu Dhabi’s family businesses?

The partnership enhances financial capabilities and offers tailored banking experiences aligned with Islamic finance principles.

What is ADIB’s market presence?

ADIB operates in six strategic markets, including Egypt, Saudi Arabia, and the UK, with a strong focus on innovation in banking.

When was Abu Dhabi Islamic Bank established?

ADIB was established in 1997 and has since grown to become a leading bank in the UAE.