Suvarna Garge (Editor)

Abu Dhabi Islamic Bank

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Website  www.adib.ae
Type  Public company
Founded  20 May 1997
Abu Dhabi Islamic Bank logosandbrandsdirectorywpcontentthemesdirecto
Headquarters  Abu Dhabi, United Arab Emirates
CEO  Tirad Al Sheikh Mahmoud (2008–)
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Tirad mahmoud ceo abu dhabi islamic bank


Abu Dhabi Islamic Bank (appr. ADIB) (Arabic: مصرف أبو ظبي الإسلامي ) is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates.

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Tirad mahmoud abu dhabi islamic bank on the growth of islamic banking


Establishment

Abu Dhabi Islamic Bank was established on 20 May 1997 as a Public Joint Stock Company 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, 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:

  • Members of the Ruling Family
  • The Abu Dhabi Investment Authority ADIA
  • Prominent UAE Nationals
  • Dr. Waseem Ahmed Khan
  • Board of Directors

  • CEO - H.E. Tirad Al Sheikh Mahmoud
  • Chairman - H.E. Jauaan Al Khaili
  • Deputy Chairman - Khaled Abdullah Neamat Khouri
  • Managing Director - Ahmed Darwish Al Marar
  • Board Member - H.E. Juma Khamis Al Khaili
  • Board Member - Abdul Rahman Mohammed Al Jasmi
  • Board Member - Ragheed Najeeb Shanti
  • Board Member - Mehdi Dazi
  • Board Member - Mohammad Nosrati Rad
  • Official website

  • ADIB Official Website
  • ADIB Egypt Website
  • ADIB UAE Website
  • References

    Abu Dhabi Islamic Bank Wikipedia


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