Abu Dhabi Islamic Bank, a top-tier Islamic financial services institution, announced today a reduced profit rate for ADIB Education Finance in a promotion that lasts till 31st March 2012.
Customers can apply for ADIB Education Finance of up to AED 250,000. They can also benefit from a flexible repayment period of up to 48 months, no processing fees, free postponement options and a free Visa Covered Card.
Education finance is widely seen as a good finance and the best investment a person can make because a degree will usually result in a person earning more money. With this promotion, ADIB demonstrates its commitment to raising levels of knowledge and qualifications of the community. The promotion is part of the bank’s community oriented initiatives, such as ‘Smart Money’ financial education booklet.
The promotion is expected to encourage more students to pursue a university education as the bank goes beyond financing tuition fees. ADIB Education Finance takes care of a range of education expenses, including books, transportation, library fees and more.
The ADIB education finance promotion is aligned to government objectives as education is one of the key sectors identified by the Abu Dhabi 2030 Plan. The bank brings the education finance promotion at crucial times in the scholastic year and will facilitate the Plan’s aim to build UAE’s upcoming human capital. It comes at the right time as it provides students with finance customized to their immediate needs.