Abu Dhabi Islamic Bank (ADIB) and Dubai Department of Economy and Tourism (DET) have launched a DET Connect Account under DET’s ‘SME in a Box’ platform to empower small and medium-sized enterprises (SMEs) with a comprehensive, digitally native banking solution.
By combining ADIB’s financial expertise with DET’s strategic mandate to enhance business competitiveness, the DET Connect Account enables Dubai’s SMEs to focus on innovation rather than administrative tasks.
The ‘SME in a Box’ platform is designed to help entrepreneurs launch and run businesses in Dubai more quickly, easily, and cost-effectively.
The platform provides a single gateway to essential services, including business licensing, banking, digital payments, logistics, telecommunications, and other operational solutions, through a network of trusted providers, eliminating the need for entrepreneurs to source, compare, and onboard multiple vendors separately.
The DET Connect Account, the fully integrated offering from ADIB and DET, removes common barriers to entry for new businesses by providing a zero-balance account with fee waivers for the first six months. Businesses can open it in one business day through a seamless digital process.
The solution also provides businesses with a complete suite of services, including personal and business accounts, point-of-sale (POS) solutions, and trade and foreign exchange solutions.
This partnership is the latest demonstration of ADIB’s commitment to empowering SMEs as we deliver fully digitized, end-to-end customer journeys, in line with our Vision for 2035.
ADIB continues to revolutionize the customer experience by living out our core value of ‘simple and sensible’. For today’s entrepreneurs and SMEs, this means providing a single, comprehensive solution. By seamlessly connecting every touchpoint, SMEs can manage their operations in a simpler, smarter, and more secure way, enabling them to focus on growth and innovation from day one, as per the statement.
