Abu Dhabi Islamic bank provides exclusive offers to healthcare workers

UAE’s Abu Dhabi Islamic Bank (ADIB) has launched a set of exclusive offers for healthcare professionals, as part of its programme to support customers and the community during the Covid-19 pandemic.

These offers include a reduction on the profit rate and pricing discounts on some of the bank’s financial products, it announced on July 12.

The exclusive promotions, which are available to UAE customers working in the healthcare industry, include:

· Special reduction on the profit rate of personal and auto finance

· Dhs500 reduction in fees for ADIB covered cards or a voucher from Amazon or Noon when applying for cards

· Fixed profit rates on home finance starting from 2.99 per cent per annum on home finance

· 20 per cent fee reduction on all wealth management products

· Smartaccount welcome pack delivered and no minimum balance requirement for Smartbanking

· An iPad with every Life and Savings Takaful plan, if an Dhs1,000 monthly contribution is made

Philip King, global head of Retail Banking at ADIB, said: “The commitment shown by UAE healthcare professionals to protect our families and communities in recent months has been truly exceptional. ADIB wants to pay tribute to the many heroes who have been working at the frontline to provide critical care in extremely challenging circumstances.”

ADIB has been supporting customers during the Covid-19 pandemic by postponing the monthly installments on existing finance in accordance with the Central Bank of the UAE’s Targeted Economic Support Scheme.

The bank has also collaborated with the Abu Dhabi Department of Finance to be part of the SME Credit Guarantee Scheme, which aims to bolster the resilience of SMEs registered and operating in the emirate by increasing access to finances.

Since the virus outbreak, ADIB’s community initiatives have also included a Dhs25m donation to the Ma’an ‘Together We Are Good’ programme.

With more than Dhs122bn in assets, ADIB has more than 2,000 employees and maintains a presence in six strategic markets, including Egypt, where it has 70 branches, Saudi Arabia, the UK, Sudan and Iraq.