1 ) 1Background with the Company: -
Abu Dhabi Islamic Bank (appr. ADIB) is usually an Islamic bank based in Abu Dhabi city, in the United Arab Emirates. Abu Dhabi Islamic Bank began on 20th May 97 as a Public Joint Inventory Company throughout the Amiri Decree No . on the lookout for of 1997. The Bank started commercial functions on 11th November 98, and was formally inaugurated by Abdullah Bin Zayed Al Nahyan, UAE Ressortchef (umgangssprachlich) of Information and Culture in 18th 04 1999. Every contracts, procedures and ventures are performed in accordance with Islamic Shari'a rules
ADIB commenced its procedures with a paid-up capital of One Billion Dirhams divided into hundred million stocks, the value of every single share getting ten dirhams. The stocks and shares are offered on the Abu Dhabi Investments Market
The founders of Abu Dhabi Islamic Lender hold 39% of it is equity even though the remaining 61% is placed by approximately 100, 1000 shareholders. The founding investors of ADIB are: * Members from the Ruling Relatives
* The Abu Dhabi Investment Expert ADIA
* Prominent UAE Nationals
Abu Dhabi Islamic Bank explained it may enable non-UAE nationals to hold up to a quarter of the company's stocks, in a maneuver that could probably attract curiosity from other Central Eastern countries.
1 . two Mission and Vision of the company: --
Islamic financial solutions for the global community. В
Each of our Vision
To be the top tier Islamic financial services group
Methods to undertake mission: -
1 ) 3 Solutions: -
Abu Dhabi Islamic Bank PJSC can be described as United Arab Emirates-based lender that provides Sharia-compliant financial, financial and expense products and services. The lender offers it is services through five divisions: Personal Bank, Corporate Banking, Private Banking, Investment Bank and Institutional Banking. Their Personal Bank division provides current accounts, electronic accounts, savings accounts, short-term opportunities, goods financing, and Islamic covered cards. Corporate Financial offers current...