The Islamic bank made a profit of Dhs1.1bn in the three months to March 31, up from Dhs715m in the same period last year
The bank’s ownership in the Egyptian unit has risen to 52.607 per cent
Once provisioned, customers can make quick and easy payments with the tap of their wristwatch and instantly view their transaction history in the app
The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services
ADIB will use the UAE Trade Connect platform to detect fraud and dubious transactions in the trade finance area
Both the organisations will work together to help companies issue scheme-enabled prepaid cards by reducing cost to launch and time to market
The Shariah-compliant lender is also continuing to look at organic and inorganic growth opportunities for its banking business
The fund was launched in October last year
Once implemented, ADIB customers can authenticate their e-commerce transactions by using their mobile application biometric authentication
Abu Dhabi Islamic Bank is reportedly planning to close local and international branches
Aiming for growth in new territories and demographic groups, Islamic banks look to drop the “Islamic” from their moniker.
Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.