Jump to content

Abu Dhabi Islamic Bank: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
No edit summary
m Reverted edit by MonicaRafa (talk) to last version by Monkbot
 
(22 intermediate revisions by 17 users not shown)
Line 1: Line 1:
{{Short description|Islamic bank based in Abu Dhabi}}
{{More citations needed|date=July 2023}}
{{Infobox company
{{Infobox company
|name = Abu Dhabi Islamic Bank PJSC
|name = Abu Dhabi Islamic Bank PJSC
Line 9: Line 11:
|homepage = {{URL|http://www.adib.ae/}}
|homepage = {{URL|http://www.adib.ae/}}
}}
}}
'''Abu Dhabi Islamic Bank PJSC''' ({{lang-ar|مصرف أبو ظبي الإسلامي}}) is an Islamic bank based in [[Abu Dhabi]] city, in the [[United Arab Emirates]].
'''Abu Dhabi Islamic Bank PJSC''' ({{langx|ar|مصرف أبوظبي 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==
Line 22: Line 24:
*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 & Board Member - Mr. Faisal Sultan Naser Salem Al Shuaibi
*Acting CEO - Sandeep Chauhan
*Group CEO - Mr. Mohammed Abdelbary
*Vice Chairman - Khamis Mohamed Buharoon
*Board Member Non-Executive - Mr. Abdulla Ali Musleh Jumhour Al Ahbabi
*Deputy Chairman - Khaled Abdullah Neamat Khouri
*Board Member Non-Executive - Mr. Abdul Wahab Al-Halabi
*Managing Director - Ahmed Darwish Al Marar
*Board Member - H.E. Juma Khamis Al Khaili
*Board Member Non-Executive - Mr. Khalifa Matar Khalifa Qaroona Almheiri
*Board Member - Abdul Rahman Mohammed Al Jasmi
*Board Member Non-Executive - Mrs. Maha Mohammed Al Qattan
*Board Member - Ragheed Najeeb Shanti
*Board Member Non-Executive - Mr. Najib Youssef Fayyad

*Board Member - Mehdi Dazi
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>
*Board Member - Mohammad Nosrati Rad


==Official website==
==Official website==
Line 47: Line 48:


==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]
Line 53: Line 55:
# [[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 Exchange]]
[[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:Emirati companies established in 1997]]
[[Category:Emirati companies established in 1997]]

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]


Stub icon

This Asian bank-related article is a stub. You can help Wikipedia by expanding it.

Stub icon

This United Arab Emirates-related article is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Abu_Dhabi_Islamic_Bank&oldid=1261540344"