Abu Dhabi Islamic Bank PJSC ( ar, مصرف أبوظبي الإسلامي) is an Islamic bank based in
Abu Dhabi city, in the
United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia ( The Middle East). It is located at t ...
.
Establishment
Abu Dhabi Islamic Bank was established on 20 May 1997 as a
Public Joint Stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders a ...
through the
Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11 November 1998, and was formally inaugurated by
Abdullah Bin Zayed Al Nahyan
Sheikh Abdullah bin Zayed bin Sultan Al Nahyan ( ar, عبد الله بن زايد بن سلطان آل نهيان; born 30 April 1972) is the Minister of Foreign Affairs and International Cooperation of the United Arab Emirates. He is a son o ...
, UAE Minister of Information and Culture on 18 April 1999.
All contracts, operations and transactions are carried out in accordance with
Islamic Shari'a principles.
Capital information
ADIB commenced its operations with a paid-up
capital of
one billion dirhams divided into one hundred
million shares, the value of each share being ten dirhams. The shares are quoted on the
Abu Dhabi Securities Market.
Founders
The founders of Abu Dhabi Islamic Bank hold 29% of its equity while the remaining 71% is held by approximately 100,000 shareholders. The founding shareholders of ADIB are:
*The
Abu Dhabi Investment Authority ADIA
*Prominent UAE Nationals
Board of directors
*Chairman - H.E. Jawaan Awaidha Suhail Awaidha Al Khaili
*Group CEO - Mr. Nasser Al Awadhi
*Vice Chairman & Board Member - Mr. Faisal Sultan Naser Salem Al Shuaibi
*Board Member - Abdulla Ali Musleh Jumhour Al Ahbabi
*Board Member - Mr. Abdul Wahab Al-Halabi
*Board Member - Mr. Khalifa Matar Khalifa Qaroona Almheiri
*Board Member - Mrs. Maha Al Qattan
*Board Member - Mr. Najib Youssef Fayyad
Official website
ADIB Official WebsiteADIB Egypt WebsiteADIB UAE Website
See also
*
List of banks
Lists of banks are contained in the following articles:
By continent
* List of banks in Africa – Each country in Africa has a list of banks operating in that country
* List of banks in Asia – Asia has a list of banks operating in that co ...
*
List of banks in United Arab Emirates
This is a list of banks in the United Arab Emirates.
List of National Banks
List of Foreign Banks (including wholesale banks)
See also
* List of banks in the Arab world
References
External links Central Bank of the U.A.E.: Commercial ...
References
# Information about the performance of ADIB shares on Bloomberg.co
# News related to ADIB and related UAE Stock marke
# News from Euromoney.co
#
Abu Dhabi Securities Exchange, ADX quot
# SCA quot
Banks established in 1997
Companies based in Abu Dhabi
Companies listed on the Abu Dhabi Securities Exchange
Islamic banks of the United Arab Emirates
Emirati companies established in 1997
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