Abu Dhabi Islamic Bank (ADIB) has launched Open Finance, taking another major step in shaping the future of financial services as part of its Vision 2035.
This move is a key milestone in the UAE’s Open Finance journey under AlTareq, the Central Bank of the UAE’s (CBUAE) Open Finance Initiative.
ADIB is among the first banks in the UAE to introduce Open Finance, demonstrating its commitment to continually enhancing customer experience through innovation, strong partnerships, and seamless digital banking.
Furthermore, this will unlock new opportunities for customers to access and manage their financial services, supporting the CBUAE’s efforts to advance the digital ecosystem under its 2023–2026 strategy.
Mohamed Abdelbary Group CEO – ADIB
“We are proud to be among the first Islamic banks to adopt Open Finance and to contribute actively to the CBUAE’s ambitious agenda to create a more customer-centric, transparent, and innovative financial ecosystem. As an early adopter, we view Open Finance not only as a regulatory milestone but also as a strategic opportunity to elevate the value proposition we deliver to customers and partners. This initiative aligns directly with ADIB’s Vision 2035 and our commitment to building the most trusted and digitally enabled Islamic bank in the region.”
Open Finance gives consumers greater visibility and control over their finances. It enables them to access a broader set of services, make informed financial decisions, and benefit from integrated digital experiences across the banking sector.
To date, the first phase has been successfully implemented, covering regulatory and technical requirements, with financial transactions processed through secure, CBUAE-certified API frameworks.
