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{{Short description|Islamic bank based in Abu Dhabi}}
{{More citations needed|date=July 2023}}
{{Infobox company
{{Infobox company
|name = Abu Dhabi Islamic Bank
|name = Abu Dhabi Islamic Bank PJSC
|logo = Adiblogo.png
|logo = Adiblogo.png
|type = [[Public company|Public]] ({{ADSM|ADIB}})
|type = [[Public company|Public]]
|traded_as = {{ADSM|ADIB}}
|foundation = 20 May 1997
|foundation = 20 May 1997
|location_city = [[Abu Dhabi]]
|location_city = [[Abu Dhabi]]
|location_country = [[United Arab Emirates]]
|location_country = [[United Arab Emirates]]
|homepage = {{URL|http://www.adib.ae/}}
|homepage = {{URL|http://www.adib.ae/}}
}}
}}
⚫
'''Abu Dhabi Islamic Bank PJSC''' ({{langx|ar|مصرف أبوظبي الإسلامي}}) is an Islamic bank based in [[Abu Dhabi]] city, in the [[United Arab Emirates]].

⚫
'''Abu Dhabi Islamic Bank''' (appr. ADIB) ({{lang-ar|مصرف أبو ظبي الإسلامي}}) is an Islamic bank based in [[Abu Dhabi]] city, in the [[United Arab Emirates]].


==Establishment==
==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.
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.<ref>{{Cite web |title="أبوظبي الإسلامي" يصدر صكوك خضراء بقيمة 500 مليون دولار |url=https://www.snabusiness.com/article/1668712-%D8%A7%D9%94%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D8%A7%D9%84%D8%A7%D9%95%D8%B3%D9%84%D8%A7%D9%85%D9%8A-%D9%8A%D8%B5%D8%AF%D8%B1-%D8%B5%D9%83%D9%88%D9%83-%D8%AE%D8%B6%D8%B1%D8%A7%D8%A1-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-500-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1 |access-date=2024-01-19 |website=اقتصاد سكاي نيوز عربية |language=ar}}</ref>
All contracts, operations and transactions are carried out in accordance with [[Islamic Shari'a]] principles.


==Capital information==
==Capital information==
ADIB commenced its operations with a paid-up [[Capital (economics)|capital]] of [[1,000,000,000|one billion]] [[dirham]]s divided into one hundred [[million]] [[share (finance)|share]]s, the value of each share being ten dirhams. The shares are quoted on the [[Abu Dhabi Securities Market]].
ADIB commenced its operations with a paid-up [[Capital (economics)|capital]] of [[1,000,000,000|one billion]] [[dirham]]s divided into one hundred [[million]] [[share (finance)|share]]s, the value of each share being ten dirhams. The shares are quoted on the [[Abu Dhabi Securities Market]].<ref>{{Cite web |title=ADIB {{!}} :: شركة القاهرة الوطنية :: |url=https://www.caironational.org/adib/ |access-date=2024-09-22 |language=en-US}}</ref>


==Founders==
==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 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]] [[Abu Dhabi Investment Authority|ADIA]]
*The [[Abu Dhabi Investment Authority|Abu Dhabi Investment Authority ADIA]]
*Prominent UAE Nationals
*Prominent UAE Nationals
* Dr. Waseem Ahmed Khan


==Board of directors==
==Board of directors==
*Chairman - H.E. Jauaan Al Khaili
*Chairman - H.E. Jawaan Awaidha Suhail Awaidha Al Khaili
*Vice Chairman and Acting CEO - Khamis Mohamed Buharoon
*Vice Chairman & Board Member - Mr. Faisal Sultan Naser Salem Al Shuaibi
*Group CEO - Mr. Mohammed Abdelbary
*Deputy Chairman - Khaled Abdullah Neamat Khouri
*Board Member Non-Executive - Mr. Abdulla Ali Musleh Jumhour Al Ahbabi
*Managing Director - Ahmed Darwish Al Marar
*Board Member - H.E. Juma Khamis Al Khaili
*Board Member Non-Executive - Mr. Abdul Wahab Al-Halabi
*Board Member - Abdul Rahman Mohammed Al Jasmi
*Board Member Non-Executive - Mr. Khalifa Matar Khalifa Qaroona Almheiri
*Board Member - Ragheed Najeeb Shanti
*Board Member Non-Executive - Mrs. Maha Mohammed Al Qattan
*Board Member - Mehdi Dazi
*Board Member Non-Executive - Mr. Najib Youssef Fayyad

*Board Member - Mohammad Nosrati Rad
The average tenure of ADIB Board members is 5 years.<ref>{{Cite web|url=https://www.adib.ae/directors|title=ADIB Board of Directors' information |access-date=2019-01-01|website=www.adib.ae |language=en}}</ref>


==Official website==
==Official website==
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==See also==
==See also==
{{Portal|Companies}}
{{Portal|Banks}}
*[[List of banks]]
*[[List of banks]]
*[[List of banks in United Arab Emirates]]
*[[List of banks in United Arab Emirates]]


==References==
==References==
{{Reflist}}


# Information about the performance of ADIB shares on Bloomberg.com [https://www.bloomberg.com/apps/quote?ticker=ADIB:UH]
# Information about the performance of ADIB shares on Bloomberg.com [https://www.bloomberg.com/apps/quote?ticker=ADIB:UH]
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# [[Abu Dhabi Securities Exchange|ADX]] quote [https://web.archive.org/web/20110531151003/http://www.adx.ae/English/Securities/Pages/CompanyQuotes.aspx?Symbol=ADIB]
# [[Abu Dhabi Securities Exchange|ADX]] quote [https://web.archive.org/web/20110531151003/http://www.adx.ae/English/Securities/Pages/CompanyQuotes.aspx?Symbol=ADIB]
# SCA quote [https://web.archive.org/web/20070708015702/http://www.sca.ae/english/companies/index.asp?Process=viewdetails&Company=ADIB.ADSM]
# SCA quote [https://web.archive.org/web/20070708015702/http://www.sca.ae/english/companies/index.asp?Process=viewdetails&Company=ADIB.ADSM]
# ADIB Board of Directors' information [https://www.adib.ae/directors]

{{Authority control}}


[[Category:Banks established in 1997]]
[[Category:Banks established in 1997]]
[[Category:Companies based in Abu Dhabi]]
[[Category:Companies based in Abu Dhabi]]
[[Category:Companies listed on the Abu Dhabi Securities Market]]
[[Category:Companies listed on the Abu Dhabi Securities Exchange]]
[[Category:Companies in the EGX 30]]
[[Category:Islamic banks of the United Arab Emirates]]
[[Category:Islamic banks of the United Arab Emirates]]
[[Category:1997 establishments in the United Arab Emirates]]
[[Category:Emirati companies established in 1997]]
[[Category:1997 establishments in Abu Dhabi]]




Latest revision as of 16:59, 6 December 2024

Abu Dhabi Islamic Bank PJSC
Company typePublic
ADX: ADIB
Founded20 May 1997
Headquarters
Abu Dhabi
,
United Arab Emirates
Websitewww.adib.ae

Abu Dhabi Islamic Bank PJSC (Arabic: مصرف أبوظبي الإسلامي) is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates.

Establishment

[edit]

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.[1]

Capital information

[edit]

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.[2]

Founders

[edit]

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:

Board of directors

[edit]
  • Chairman - H.E. Jawaan Awaidha Suhail Awaidha Al Khaili
  • Vice Chairman & Board Member - Mr. Faisal Sultan Naser Salem Al Shuaibi
  • Group CEO - Mr. Mohammed Abdelbary
  • Board Member Non-Executive - Mr. Abdulla Ali Musleh Jumhour Al Ahbabi
  • Board Member Non-Executive - Mr. Abdul Wahab Al-Halabi
  • Board Member Non-Executive - Mr. Khalifa Matar Khalifa Qaroona Almheiri
  • Board Member Non-Executive - Mrs. Maha Mohammed Al Qattan
  • Board Member Non-Executive - Mr. Najib Youssef Fayyad

The average tenure of ADIB Board members is 5 years.[3]

Official website

[edit]

See also

[edit]

References

[edit]
  1. ^ ""أبوظبي الإسلامي" يصدر صكوك خضراء بقيمة 500 مليون دولار". اقتصاد سكاي نيوز عربية (in Arabic). Retrieved 2024-01-19.
  2. ^ "ADIB | :: شركة القاهرة الوطنية ::". Retrieved 2024-09-22.
  3. ^ "ADIB Board of Directors' information". www.adib.ae. Retrieved 2019-01-01.
  1. Information about the performance of ADIB shares on Bloomberg.com [1]
  2. News related to ADIB and related UAE Stock market [2]
  3. News from Euromoney.com [3]
  4. ADX quote [4]
  5. SCA quote [5]
  6. ADIB Board of Directors' information [6]


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