Abu Dhabi Islamic Bank provides Dhs200m finance facility to RAK Ceramics

Notes and media contacts

Note:
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.

ADIB's mission is to become the premier universal Islamic financial institution, operating in accordance with Shari'a principles, by focusing on customer needs, offering innovative products and services, motivating their employees, while maximizing investors and shareholders' returns. ADIB aims to develop a corporate culture that revolves around satisfying customers' needs and to provide them with quality, cost-effective and Shari'a compliant financial services.

ADIB prides itself on its values which reflect the Bank's commitment to the Islamic Shari'a, and are thus the guidelines of the Bank's practices to adhere to the principles of Islam. ADIB's value structure consists of Transparency, Quality, Innovation, Professionalism, Social Responsibility and Empowering Its Staff.

For more information, please contact:
Mohammad Z. Al-Qassem
Senior Account Executive
Weber Shandwick | MENA
Emarat Atrium Building
Wing A, Office 213
Sheikh Zayed Road
P. O. Box 50197, Dubai, UAE
T: +971 4 3210 077 Ext: 1254
F: +971 4 3211 711