Posts tagged as: Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank plans North Africa expansion

Abu Dhabi Islamic Bank plans North Africa expansion

<p>Abu Dhabi Islamic Bank plans to branch out in North Africa as the UAE-based lender seeks to reach a larger population. The bank applied for licenses in Algeria and Libya and is considering new operations in Tunisia and Morocco. Chief executive Tirad Mahmoud said the bank is seeking to expand in nations with a critical mass in terms of population and economic activity. Abu Dhabi Islamic Bank has also moved into countries including Saudi Arabia, Egypt and Sudan, Mahmoud said. The bank wants to be better placed to serve companies, such as Dubai-based mall operator Majid al-Futtaim, which operate across the Middle East and North Africa. Banks that comply with Islam&rsquo;s ban on interest have become increasing popular after the revolts implemented Islamists into power in some North African countries.</p>
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<p><a href="http://english.alarabiya.net/en/business/banking-and-finance/2013/08/12/Abu-Dhabi-Islamic-Bank-plans-North-Africa-expansion.html" title="http://english.alarabiya.net/en/business/banking-and-finance/2013/08/12/Abu-Dhabi-Islamic-Bank-plans-North-Africa-expansion.html">http://english.alarabiya.net/en/business/banking-and-finance/2013/08/12/…</a></p>
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ADIB stages historical exhibition for Ramadan

ADIB stages historical exhibition for Ramadan

<p>Abu Dhabi Islamic Bank (ADIB) opens its annual Ramadan exhibition this year at the Emirates Palace in Abu Dhabi. The Road from Jerusalem to Mecca and Medina follows last year's exhibition Discovering Ka'aba withtwo more replicas of central landmarks in Islamic history. The exhibition portrays a historical journey through three holy sites of historical and religious significance. The Road from Jerusalem to Mecca and Medina includes a replica of the Ka'aba which illustrates both the Ka'aba's outer fa&ccedil;ade and its inner structure. Rare photographs of the Ka'aba that depict its various architectural and design elements will also be on display. In addition, the exhibition showcases the Al-Nabawi Mosque and a model of the Al-Aqsa Mosque. The exhibition is open to the public every day from 08:30am to 12:00 midnight throughout the whole month of Ramadan.</p>
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<p><a href="http://www.ameinfo.com/adib-stages-historical-exhibition-ramadan-349756" title="http://www.ameinfo.com/adib-stages-historical-exhibition-ramadan-349756">http://www.ameinfo.com/adib-stages-historical-exhibition-ramadan-349756</a></p>
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ADIB launches initiative to support UAE SMEs

ADIB launches initiative to support UAE SMEs

<p>On July 1, Abu Dhabi Islamic Bank (ADIB) launched BusinessPulse, a portal aimed at providing advice and support to small and medium-sized businesses in the UAE. <a href="http://www.businesspulse.ae/" title="www.businesspulse.ae">www.businesspulse.ae</a> has three main sections: &lsquo;Ignite&rsquo; is all about seeding the idea and kick starting the business plan; &lsquo;Enrich&rsquo; is about funding the plan and &lsquo;Grow&rsquo; deals with facilitating growth and future expansion. A key feature of the portal is a comprehensive library of case studies and videos from successful entrepreneurs. It also features a networking section that will enable SMEs to find the right business partners and contacts. Moreover, visitors can apply for a financing facility of up to AED 2 million through the portal and receive funding advice through interactions with ADIB&rsquo;s Business banking team. BusinessPulse will be supported by a series of events and seminars, offering SMEs an opportunity to showcase their success stories and learn from others.</p>
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<p><a href="http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62565" title="http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62565">http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62565</a></p>
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Islamic Finance Industry Development Challenge

Islamic Finance Industry Development Challenge

<p>The shift in global banking is not a trend, and the challenge for all of us is to bridge the gap in financial practice and seize the opportunities that lie ahead, bringing ethics back into finance.</p>
<p>Thomson Reuters and Abu Dhabi Islamic Bank (ADIB) are partnering to launch the world&rsquo;s first Ethical Finance Innovation Challenge and Awards (EFICA). In the dawn of a new economic world, these awards are designed to inspire and recognise a fresh way of thinking by promoting some of the most dynamic, innovative ideas and solutions around integrity and growth.</p>
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<p><a href="http://updates.thomsonreuters.com/events/efica/#" title="http://updates.thomsonreuters.com/events/efica/#">http://updates.thomsonreuters.com/events/efica/#</a></p>
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Thomson Reuters and ADIB launch global awards for ethical and Islamic finance innovation

Thomson Reuters and ADIB launch global awards for ethical and Islamic finance innovation

Abu Dhabi Islamic Bank (ADIB), in partnership with Thomson Reuters, have launched global awards to recognize and reward innovation in ethical and Islamic finance. Presented in three categories: Islamic Finance Industry Development Award, Ethical Financ…

ADIB arranges US$360 million syndicated Islamic financing for Gulf Marine Services

ADIB arranges US$360 million syndicated Islamic financing for Gulf Marine Services

<p>Abu Dhabi Islamic Bank (ADIB) has closed a AED 1.32 billion (US$360 million) Syndicated Islamic Facility for Abu Dhabi-based Gulf Marine Services (GMS). ADIB acted as the Mandated Lead Arranger, Sole Underwriter, Sole Bookrunner, Investment and Security Agent for the facility. The deal was tailored by ADIB to meet GMS&rsquo; specific financing needs, including re-financing existing facilities and providing finance for the acquisition of 2 additional vessels. The financing will also help GMS achieve its plan to further improve and expand its fleet. The facility was very well received, as evidenced by the strong demand from local and regional banks which resulted in it being 2 times oversubscribed by 10 local and regional banks. White &amp; Case acted as the legal counsel to the financiers, while Gibson Dunn acted on behalf of GMS.</p>
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<p><a href="http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62474" title="http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62474">http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=62474</a></p>
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Dh15 million Zakat Fund campaign to support 300 needy students

Dh15 million Zakat Fund campaign to support 300 needy students

Abu Dhabi University, the Zakat Fund and Abu Dhabi Islamic Bank have launched a Dh15 million Ramadan fund-raising campaign to support 300 needy students. Dr Nabil Ibrahim, Chancellor of Abu Dhabi University said that generosity is a life lesson that te…

ADIB Arranges Dhs1.32bn Syndicated Islamic financing for GMS

ADIB Arranges Dhs1.32bn Syndicated Islamic financing for GMS

Abu Dhabi Islamic Bank (ADIB) has closed a Dhs1.32bn ($360m) Syndicated Islamic Facility for Abu Dhabi-based Gulf Marine Services (GMS), the largest provider of self-propelled self-elevating jackup barges in the world. ADIB acted as the Mandated Lead A…

Ex-Merrill Lynch big hitter Crocker leaves Abu Dhabi Islamic Bank

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