The structured note which matures in 12 months provides 95 per cent capital protection
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
Over half of ADIB card sales are taking place on the platform
Second-quarter net profit for UAE-based top banks jumps 21 per cent
The electronic process was made possible by linking the ADJD systems with the servers of Abu Dhabi Islamic Bank
Its net revenue also declined nearly 11.5 per cent year-on-year to Dhs2.5bn
These offers include a reduction on the profit rate and pricing discounts on some of the bank’s financial products
The bank’s chief operating officer, Sandeep Chouhan, has been appointed acting CEO
Abu Dhabi Islamic Bank is reportedly planning to close local and international branches
The UAE’s biggest listed banks ranked by total asset size
The country’s biggest listed banks, as ranked by total asset size
Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.
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