Thndr Claps » EGY Claps » Financial Services 💸 » ADIB establishes Islamic consumer finance company 💸
The ClapAccording to Ahmed Effat, head of consumer banking at Abu Dhabi Islamic Bank (ADIB), ADIB is planning to launch the first consumer finance company compliant with Sharia law.The DeetsEffat said all the incorporation procedures have been completed, and CBE approval to launch the company is expected during the next month.The company will provide consumer financing services completely electronically, from submitting the application to actually receiving the service.Why this MattersThe new company adds to the financing facilities provided by ADIB.
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