Abu Dhabi Islamic Bank, the leading financial institution, has unveiled a new offering ‘Small Business Finance (SBF)’ that is aimed at Small and Medium-sized Enterprises (SMEs) in the UAE.
The new product offers a complete financial solution for up to $4,08,382 to support the short-and long-term goals of SMEs. With an easy and fast application process, businesses will also get a comprehensive range of benefits that includes collateral-free business finance, working capital finance for local and international purchases, or CAPEX Finance for equipment.
It also includes Machinery and Auto, payment based on Equated Monthly Instalment (EMI), and flexible tenor, while also providing access to expert advice and more benefits to give each Business the Makeover it needs.
Mohammed Al Salem Head – Business Banking ADIB
“SMEs play an important role in shaping economies globally. ADIB recognizes their importance to the local economy and has been constantly supporting them through several initiatives that enable business owners to reach their full potential. Our new product is aligned with the UAE’s vision as supporters and contributors to small businesses’ growth and reinforces our position as one of the largest Islamic Banks offering a range of business banking products to support the needs of businesses.”
Bolstering the nation’s continuous efforts to develop the business sector in the UAE, ADIB’s SBF provides a complete financing solution to further assist individuals to realize their business goals and remain committed to supporting the growth and sustainability of this segment.
In August 2022, ADIB was recognized as the Most Innovative Islamic Bank of 2022 by Islamic Finance News (IFN) Magazine.
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