Abu Dhabi, 05 June 2017: Abu Dhabi Islamic Bank (ADIB) announced today that for the month of June it is postponing all instalments for its auto and personal finance customers at no extra charges. The postponement will help provide cash flow relief to customers during the holy month of Ramadan and Eid period, which is known to be a month of heavy spending for much of the population.
ADIB's initiative has become an annual tradition. Every year, the bank offers payment flexibility for its customers during the holy month as part as part of its efforts to meet and exceed customer needs.
Philip King, Head of Retail at ADIB said: "We at ADIB consider ourselves partners to our customers, offering them flexible payments in times that spending is known to be higher than usual. We always look to provide our customers with services that will help them manage their financials effectively. This initiative will allow customers to plan their holidays for the upcoming months in a relaxed way."
Customers eligible for the Ramadan payment postponement initiative, based on the type of financing, credit history and instalments, will be contacted by SMS and the postponement will be executed automatically. The offer is valid for instalments due between June 1st and June 30th 2017. Customers are free to opt out should they wish to continue to make instalment payments.
In order to qualify for postponement, customers must be up-to-date with their payments, have paid more than three previous instalments, and must have a salary-transfer arrangement in place with the bank.
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ADIB is a leading bank in the UAE with more than AED 122 billion in assets. Its 938,072 customers benefit from the third largest distribution network in the UAE with 83 branches and more than 740 ATMs. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).
In the UAE, the Bank has more than 2,000 employees and remains one of the leading banks in the recruitment, development and promotion of local talent in all the markets in which it operates. The bank has one of the highest Emiratisation ratios with more than 40 percent of the bank's workforce being UAE Nationals.
ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.
Named "Best Bank in the UAE" by The Financial Times' The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products.
For media information, please visit www.adib.ae or contact:
ADIB Brunswick Group
Radwa Shehab Mouaffak Haijar
Head of External Communications Account Director
Direct: +971 2 6910169 Direct: +971 2 234 4600