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Abu Dhabi Islamic Bank Re-launches Education Finance Product, "Al Noor"
(19 April 2005)

 

In the aftermath of last year’s sweeping success, Abu Dhabi Islamic Bank (ADIB) re-launches its product "Al Noor" offering customers a simple and transparent education finance product. It is specially designed for students, it allows them to choose the university, the institute or the training center and it offers the payment at once.

ADIB has made ceaseless efforts to keep abreast of the latest developments in the financial market. Over the years, the Bank has continued to offer the best and most effective products that serve the interest of its clients.

Among the many advantages of this product, "Al Noor" enables ADIB’s customers’ various payment options to the school with up to AED 250,000 finance at a highly competitive profit rate. “Al Noor” customers are also given the option of paying the first installment after 90 days during 60 months.

To enhance its efficiency and reduce customer obligations "Al Noor" carries no administrative fees or hidden charges offering a total transparency. In addition, the product also offers finance for books, transport, accommodation and other expenses.

In light of these developments, ADIB is currently working diligently to take up the lead in producing innovative banking products that meet the market needs and serve the best interests of the Bank’s customers, thus adding a new dimension to the expansion of Islamic banking institutions.



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