Abu Dhabi Islamic Bank relaunches 'Al Khair'

The overwhelming response and success of the product has prompted the Bank to re-launch the product with new and special features.

"Al Khair" is the first product of its kind in the UAE market. Since its launch four years ago, it has been highly regarded. The product's concept focuses on loan refinancing in conformity with Islamic laws and regulations. It also takes into consideration the customers' commitments.

Some of Al Khair's important new features include: profit-free credits until the end of December 2005, delay of the first installment for three months, free covered visa card, in addition to offering finance for up to 30 salaries, and installment payment for up to 96 months.

Coinciding with the new promotional campaign, an official from Abu Dhabi Islamic Bank stated: "The Bank strives to fulfill all the needs of the local customer, who is looking for Islamic legal solutions to finance his needs... this explains the huge success witnessed by the Bank's various products, especially Al Khair".

Over the past few years, the Bank has witnessed many successes that have drawn an increasing number of customers and dealers to its fold. As the leading Islamic Bank in the region, Abu Dhabi Islamic Bank offers a range of Islamic financial products that offer innovative financial solutions to individuals. It is evident that Islamic financing has proved itself in the UAE and has become a practical legal choice that competes with traditional financing. Statistics also show that the growth average in Islamic financing in the UAE exceeds 30% per year. It is expected that Islamic financing will continue growing in the UAE, due to the steadfast commitment to legal principles in the financing of individuals and institutions.