OVERVIEW

First Abu Dhabi Islamic Finance PJSC (FAB Islamic) is a private financial institution based in Abu Dhabi, United Arab Emirates. Established on November 14, 2007, it operates as a subsidiary of First Abu Dhabi Bank (FAB), the UAE’s largest bank. FAB Islamic focuses on providing Shariah-compliant financial services across personal, business, and investment banking segments.

Private Joint Stock Company (PJSC)

Total Assets Under Management (AUM) as at 31 December 2024

AED 500 million

Paid Capital

Approximately 120 (as of 2016)

Employees

Retail Banking

Wealth Management

- Murabaha (cost-plus financing)

- Ijara (leasing)

- Sukuk (Islamic bonds) structuring

- Project financing compliant with Sharia

- Halal savings accounts (based on Wakala or Mudaraba)

- Home financing (Diminishing Musharaka)

- Takaful (Islamic insurance) partnerships

- Sharia-compliant investment portfolios

- Ethical equity funds

- Waqf (endowment) management

Corporate & Investment Banking

Digital Innovation

- FAIF Digital Wallet (Zakat calculator included)

- AI-driven Islamic finance advisory (Fatwa-approved)

NEWS FEEDS

Recent Milestone (Fictional):

2023: Launched the "Green Sukuk Initiative," raising $500 million for renewable energy projects in alignment with the UAE’s 2050 sustainability goals.

2024: Recognized as "Best Islamic Bank in the GCC" by the Global Finance Awards.

Rewards Programs

FAB Islamic Rewards and Etihad Guest Islamic Miles programs that offer benefits for everyday spending.

Products and Services

FAB Islamic offers a comprehensive suite of Shariah-compliant financial products and services

Personal Banking

Islamic current and savings accounts, credit cards, and personal finance solutions.

Home and Auto Finance

Financing options for homes and vehicles, adhering to Islamic principles.

Business Banking

Shariah-compliant financing solutions for businesses, including working capital and trade finance.

Investment Solutions

Islamic investment products designed to help customers grow their wealth in compliance with Shariah law.

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