As per the agreement, ADIB will provide credit administration services and processing of finance applications for Khalifa Fund’s customers.
In addition, ADIB will designate a specialized center in Abu Dhabi to serve Khalifa Fund’s customers.
ADIB CEO Tirad Mahmoud said ADIB looks forward to its partnership with the Khalifa Fund as its strategic programs are essential to the development and progress of Abu Dhabi. SMEs are a significant pillar of the economy and its growth. ADIB is keen to support SME related projects to contribute to UAE’s growth.
Khalifa Fund for Enterprise Development deputy CEO Ibrahim Al Mansoori said this agreement enables Khalifa Fund to provide its financing programs within the purview of Islamic banking standards, enabling multiple options for all segments of the Fund’s beneficiaries.
"The partnership is a result of the Fund’s strategic direction to upgrade and develop its services, bringing about efficiency and shortened turn-around periods," Al Mansoori added.
