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ADIB starts community banking
ABU DHABI, Aug 11, 2012 (Khaleej Times - McClatchy-Tribune Information Services via COMTEX) --
Abu Dhabi Islamic Bank, or ADIB, a top-tier Islamic financial services institution, announced the launch of ADIB Community Banking to address the banking requirements of non-profit organisations as well as government and private companies focused on serving the UAE community.
The target market for ADIB Community Banking includes Charities and Philanthropy Associations that provide poverty relief, advancement of education and health; Special Needs Foundations and Centers that care for the handicapped and persons suffering from conditions such as Autism; and Social Development and Welfare Organisations that provide social welfare, voluntary services, combat harmful practices and support human rights.
ADIB Community Banking will also provide financial solutions to Islamic affairs authorities, education and research institutions, healthcare authorities, cultural, arts and heritage authorities, environment and animal welfare authorities, sports associations and general and professional associations of public interest.
Trad Al Mahmoud, CEO of ADIB Group said: "ADIB Community Banking is a unique and specialized customer segment that complements our mission and shared values in serving the communities in which we operate. Its primary objective is to support non-profit organisations by helping to re-deploy their income more effectively. As a bank, we are providing clear opportunities to these organisations by cross-selling our products and services but what we are primarily looking to do is to create new products for them."
___ (c)2012 the Khaleej Times (Dubai, United Arab Emirates) Visit the Khaleej
Times (Dubai, United Arab Emirates) at www.khaleejtimes.com Distributed by MCT
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