Abu Dhabi Islamic Bank to issue Tier 1 capital Sukuk to the Government of Abu Dhabi

Notes and media contacts

Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following 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, on 18th April 1999. The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari'a principles. ADIB commenced its operations with a paid-up capital of Dhs1Bn, where the founding shareholders include Members of the Ruling Family, The Abu Dhabi Investment Authority and Prominent UAE Citizens.

ADIB's mission is to offer Islamic financial solutions for the global community, and its vision is to become a top tier Islamic financial services group.

ADIB prides itself on its values which reflect the Bank's commitment to the Islamic Shari'a, and the guidelines of the Bank's practices adhere to the principles of Islam. ADIB's value structure consists of transparency, quality, Innovation, professionalism, social responsibility and empowering its staff.

For media information, please contact:
Grace Ghunaim ElHussein
VP- Head of Corporate Communications
Abu Dhabi Islamic Bank
Tel: +971 2 6100860