iPhone | iPad
Android
Huawei
KT APPDOWNLOAD
ADCB Meethaq to Offer Shariah-compliant Product
ABU DHABI - ADCB Meethaq, the Islamic Banking Department of the Abu Dhabi Commercial Bank, or ADCB,
Has launched the first of its kind Yaqeen Personal Finance, under the concept of Bai Al Salam, which offers customers cash finance in a fully Shariah compliant way.
Bai Al Salam is a sale contract where the bank’s customer (seller) undertakes to supply some specific goods to the Abu Dhabi Commercial Islamic Finance Company, or ADCIF, which is financier/ buyer at a future date, in exchange for an advance price fully paid at spot.
ADCB Meethaq has positioned itself around responsible banking through transparent Shariah compliance and solid values
· haseebhaider@khaleejtimes.com
More news from Local Business
The latest branch is the second branch of the company at Sahara Centre and one of the eight branches opened in the UAE this year, the exchange house said in a statement
Events to be staged at the DWTC, comprising diverse sectors including construction, energy, technology, beauty, food, healthcare, environment and automotive, will mark the emirate’s post-pandemic economic recovery
Dubai FDI supports expansion by Amazon Web Services with upcoming data centres in the UAE
Some banks are now permitting their customers to purchase Bitcoin and other crypto currencies after conducting due diligence tests on payments
The percentage of using the digital transformation platform has grown to 96 per cent compared to the first half of last year, when the percentage of use did not exceed 76 per cent