Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank

Introduction

Banks are the main financial institutions which plays an integral role in circulation of money and to provide a number of services to its clients. In today's world the banking industry is the only one which shoulders s the economic and industrial growth.

Abu Dhabi Islamic Bank was registered in the stock market as a joint stock company which was established on 20th May 1997. The banking division started working under the capable leadership of experienced bankers throughout the world. The bank is highly privileged that it was inaugurated by the hands of sheikh Abdullah Bin Zayed-Al-Nahyan. The bank was established with a view to regulate the banks under the principles of Shari's, whereas the main motive of the bank is to promote Islamic sense of banking.

The banks has undermine a number of great changes in the structure and in the bank9ing practice so as to match its pace with the market but all the changes are implemented in such a manner that they all comply with the Islamic principles of Shariah.

The bank has developed its integrity thorough its new brands in 2010 the brand seems to be a new promise with the general investors and the banking customers. For this whole process the bank has conducted a market research program which ranges for 2 years in this research program the bank undermines the current banking crises and defines ways to deal with it. On the other hand, the bank implements a complete CRM solution in order to equip their customers with valued services.

Banks Headquarter

The headquarter of the bank lies in UAE, Abu- Dhabi

Allocated Paid Up Capital

The paid up capital of ADIB is AED 1 billion bifurcated in equal shares of ten Dirham each share at par. The trading of these shares takes place in the UAE stock markets. In the last quarter the company issues good results and therefore investors should considerable interest in buying the shares. It deals with banking and financial solutions.

The Managing Hands

The bank is managed under the supervision of capable leadership of:

CEO - H.E. Tirad Mahmoud

Chairman - H.E. Majed Salem Khalifa Al Romaithi

Deputy Chairman - H.E. Khaled Abdullah Neamat Khouri

Managing Director - Ahmed Darwish Al Marar

Board Member - H.E. Juma Khamis Al Khaili

Board Member - H.E. Abdul Rahman Mohammed Al Jasmi

Board Member - Ragheed Najeeb Shanti

Board Member - Mehdi Dazi

Competitive Advantage

The bank has developed its competitive advantage in different fields and domains like:

They are working on the principles of Sharia'h

All the business is totally Hallal

Strong and effective leadership

Effective Customer relationship.

Glimpse of the Financial Highlights

According to the consolidated financial statements - Review (revised) for the year 2011, total net operating income increased 4.69%, from AED 4,119,023 thousand to AED 4,312,300 thousand. Operating result decreased from AED 2,068,571 thousand to AED 2,041,576 thousand, which means -1.31% differences. Results of the period increased 12.85% and reached AED 1,155,091 thousand at the end of the period, compared to AED 1,023,565 thousand last year. Return on equity (net income / total equity) went from ...