Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) on Monday announced that it has launched a new FAB Islamic brand reflecting the bank’s identity.
The UAE’s largest bank has changed the legal name of its wholly-owned subsidiary, Abu Dhabi National Islamic Finance (ADNIF), to First Abu Dhabi Islamic Finance, according to the lender’s statement.
“Since we launched our company in 2007, we have established a solid presence for ourselves within the UAE’s rapidly growing Islamic finance market, building a strong branch network, a comprehensive suite of Sharia-compliant financial solutions and an extensive customer base,” Fahad Al Shaer, CEO of First Abu Dhabi Islamic Finance, commented.
The new company will work on establishing itself as the Islamic finance provider of choice in the region, targeting meeting the evolving needs of its customers.
The sharia-compliant firm will support its customers’ growth ambitions through a wide range of market-leading financial solutions based on Islamic principles and values, the statement added.
“We look forward to continuing to grow stronger with our customers, employees and other stakeholders, as we enter this new and exciting chapter in our journey,” Al Shaer added.
