Abu Dhabi, UAE; 21 March 2024: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has announced that it would be introducing a one-month grace period on
personal finance instalments for its eligible customers at no fees or extra charges. The initiative aims to celebrate Holy Month of Ramadan with our customers, which is known to be a month of higher spending, as well as supporting customers in better managing their mid- to long-term financial commitments.
Offering payment flexibility on financing during the Holy Month has been an annual tradition for ADIB, which is part of the bank's efforts to address and cater to customers' individual finance requirements.
In an effort to streamline the process, ADIB has introduced a user-friendly journey through its mobile app. This enables customers to easily opt-in for a one-time instalment postponement. Eligible customers will receive push notifications or SMS containing a login link to the mobile app. Registered app users will be directed to the postponement banner to select their eligible deferred payments, while non-registered users will be guided to download the
ADIB Mobile App to complete the process seamlessly.
This initiative underscores ADIB's dedication to delivering exceptional service and support to its valued customers during this period.
The postponement service is open to ADIB Personal Finance customers with standard tenor plans and will be carried out in batches. For detailed information about the program, customers are encouraged to visit the
ADIB website or contact customer service.