Abu Dhabi National Islamic Finance (ADNIF) has opened its second branch in Al Ain, and its sixth in the UAE.
ADNIF, the shari'ah-compliant finance arm of the National Bank of Abu
Dhabi (NBAD), operates branches in Abu Dhabi, Dubai, Sharjah and Ras Al
Khaimah in the UAE. It is regulated by the UAE Central Bank and supervised by an independent shari’ah Fatwa and Supervisory Board.
According to the Emirates News Agency, WAM, (Wakalat Anba'a al-Emarat), Fahad Ahmed Al Shaer, the Managing Director of ADNIF commented: "ADNIF will
follow an ambitious plan of growth and thus increase our reach to
customers who desire accessible and purely shari'ah-compliant products
and services."
The branch was inaugurated by Alex Thursby, the Group
Chief Executive Officer of NBAD; who was accompanied by Abdulla M. S.
AbdulRaheem, the Deputy Group Chief Executive Officer of NBAD; Khalaf Al
Dhaheri, the Senior Managing Director and Group Chief Operating
Officer; Abdulla Al Otaiba, Senior Managing Director of Retail and Commercial - Gulf; and several other members of the ADNIF and NBAD senior management.