ADIB has built a strong full-service property financing solution to support commercial real estate clients.by Kudakwashe Muzoriwa
Abu Dhabi Islamic Bank (ADIB) has announced plans to streamline its UK operations in a bid to end several banking services as the Shari’ah compliant lender’s UK branch plans to focus on commercial real estate financing.
ADIB said that it will maintain its presence in the UK, with the focus on developing successful commercial real estate financing but will refrain from providing regulated services to customers, which includes account services, savings, deposits and safe deposit boxes.
The bank said that the decision follows a rigorous evaluation process that took into consideration the high demand for commercial real estate financing in the UK. The bank has built a strong full-service property financing solution to support clients’ investment strategies in commercial real estate in compliance with Islamic Shari’ah principles.