Abu Dhabi Islamic Bank was established on 20th May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, UAE Minister of Information and Culture on 18th April 1999. All contracts, operations and transactions are carried out in accordance with Islamic Shari’a principles.
ADIB commenced its operations with a paid-up capital of One Billion Dirhams divided into hundred million shares, the value of each share being ten dirhams. The shares are quoted on the Abu Dhabi Securities Market.
Abu Dhabi Islamic Bank -Egypt (ADIB-Egypt) an award-winning bank that started its operations in Egypt after the acquisition of the National Bank for Development (NBD), through the Emirati consortium between Abu Dhabi Islamic Bank and Emirates International Investment Company (EIIC) in 2007. As part of its strategy to be a leading universal Islamic bank in Egypt, the Bank focuses on offering a broad spectrum of Shari’a compliant banking solutions, to cater to the needs of corporate and retail customers, the development of a state-of-the art infrastructure, and revamping its 70 branch network. Aiming at integrating its services, the Bank established an Investment Banking arm, ADIB Capital Egypt, ADILease a leasing company, and, ADIB Invest an assets management arm.
Following the acquisition, the paid-up capital doubled almost seven-fold, increased from EGP 281Mn to EGP 2Bn and EGP 4Bn authorized capital. ADIB-Egypt posted EGP 632Mn net profit end of 2017, which represents a 59% increase compared to the same period of 2016. ADIB Egypt succeeded in establishing a retail, corporate & SME platform to serve customers in different segments and provide the necessary services of short-term and long-term finance. All these measures enabled the Bank to build a broad base portfolio of leading local and international companies operating in the Egyptian market.
In addition to the asset and liabilities products and treasury services all delivered through client centric teams, ADIB Egypt employs a dynamic team of over 2,200 experts providing a growing portfolio of Shari’a compliant products and services via a stimulating work environment for staff across its nationwide network of 70 branches.
ADIB Egypt believes that the true contribution of a company lies not only in the value it brings to its shareholders and clients, but equally important to the community in which it operates. The Bank has partnered with a number of leading Egyptian NGOs to building bridges towards a brighter and healthier future, and to contribute in nationwide CSR projects supporting underprivileged segments of society.
Confirming its growing position in the banking sector in 2018, ADIB Egypt was named “Best Islamic Financial Institution in Egypt” by Global Finance Magazine. In 2017 ADIB Egypt also named “Best Islamic Bank in North Africa”, “Best Islamic SME Bank in North Africa” and “Best Islamic Retail Bank in North Africa” by Banker Africa. Islamic Business & Finance awarded ADIB-Egypt “Best Islamic Retail Bank in Egypt” and “Best Islamic SME Bank in Egypt”. ADIB-Capital received International Finance News’ (IFN) “Mudarabah Deal of the Year” award. Locally, ADIB Egypt was recognized by Amwal Al Ghad magazine as one of the “Top 100 Companies in the Egyptian Market”.