Arab Today, arab today adib 1st islamic bank to launch instant finance
Last Updated : GMT 12:54:10
Arab Today, arab today
Arab Today, arab today

ADIB 1st Islamic Bank to launch Instant Finance

Arab Today, arab today

Arab Today, arab today ADIB 1st Islamic Bank to launch Instant Finance

Abu Dhabi - Arabstoday

Abu Dhabi Islamic Bank (ADIB) announced on Monday the launch of ADIB Instant Finance, a facility that adds finance facilities on to the ADIB EMV (chip)- enabled debit and covered card. ADIB is the first UAE Islamic bank — and among the first in the world — to offer such a quick instalment based finance product. A key feature of ADIB Instant Finance is the quick turnaround time that allows a transaction to be completed in a matter of minutes compared to the minimum three days required to approve regular financing facilities. ADIB Instant Finance distinguishes itself from regular financing as it uses the customer’s chip card — be it a debit or covered card — as the platform to access finance instantly. The financing amount is an addition to the customer’s card limit allowing them to choose repayment tenures as long as 48 months. The facility can be availed of at special ADIB Instant Finance Point of Sales machines that are located at the premises of participating Merchants. Other benefits to the customer include a much lower profit rate as compared to that of a covered card in the case of goods financing. Instant Finance does not require a branch visit and there is no need to queue for processing. Instant Finance cuts red-tape by ensuring no quotations are required as it avoids paperwork for the customer, a hassle usually associated with product financing offerings in the market. Being simple & sensible is one of ADIB’s core values, and it is represented in this innovative finance facility. It empowers customers with the ability to break a larger transaction into smaller ones. It gives them a choice in selecting payment tenures and helps them in financial planning and budgeting as they do not have to pay cash up front. ADIB will have a special pre-approved Instant Finance limit for each customer that can be availed of as they need. ADIB Instant Finance will be available to customers in coordination with prominent partner Merchants across the UAE. ADIB has strengthened its Merchant tie ups across the UAE by not only informing them of the new product but also provided training to ADIB representatives at merchant premises. They are well acquainted with the product to be able to present it to new customers on the shop floor according to Shari’a guidelines. Abu Dhabi Islamic Bank was established on May 20, 1997 as a Public Joint Stock Company following the Emiri Decree No.9 of 1997. The Bank commenced commercial operations on Nov.11, 1998.   From:Gulftoday

arabstoday
arabstoday

GMT 21:04 2017 Monday ,18 September

Dollar exchange rate stable at major banks

GMT 19:07 2017 Monday ,18 September

Inflation slump to hit in early 2018: ECB

GMT 20:35 2017 Sunday ,17 September

Dollar exchange rate stable at major banks

GMT 05:53 2017 Saturday ,16 September

ECB fines rescued Italian bank 11.2 mln euros

GMT 11:43 2017 Tuesday ,12 September

US sues ex-Deutsche Bank exec for securities fraud

GMT 12:03 2017 Sunday ,10 September

Bahrain introduces mandatory IESCA

GMT 11:55 2017 Sunday ,10 September

CBB hosts SWIFT users security workshop
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adib 1st islamic bank to launch instant finance Arab Today, arab today adib 1st islamic bank to launch instant finance

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adib 1st islamic bank to launch instant finance Arab Today, arab today adib 1st islamic bank to launch instant finance

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Russia and Iraq restore air travel

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 11:53 2017 Saturday ,16 September

Jolie effect helps Namibian tourism

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday