Abu Dhabi Islamic Bank’s – Egypt (ADIB) consumer finance arm will increase its paid-up capital from EGP 10 million to EGP 30 million.
More Details🧐 ADIB has established a consumer finance arm back in October 2021 after obtaining the FRA’s approval the month before. The decision to increase its capital was approved a couple of days ago by ADIB’s board of directors.
Why is this Important🤔 ADIB established its consumer finance arm with the aim of providing various financing solutions. Consumers can purchase products & services through Sharia-compliant financing while having the flexibility of choosing a payment plan.
