Abu Dhabi Islamic Bank (ADIB) launched a series of special offers exclusively to healthcare professionals as a tribute for the relentless efforts during the COVID-19 pandemic as part of the bank’s programme to support customers and community during the ongoing COVID-19 pandemic. These offer include a reduction on the profit rate and pricing discounts on some of ADIB products.
ADIB has been supporting customers during this pandemic by postponing the monthly installments on existing finance in accordance with the Central Bank of the UAE’s Targeted Economic Support Scheme.
Philip King, Global Head of Retail Banking at ADIB, said: “The commitment shown by UAE healthcare professionals to protect our families and communities in recent months has been truly exceptional. ADIB wants to pay tribute to the many heroes who have been working at the frontline to provide critical care in extremely challenging circumstances. As an expression of our gratitude, the bank has unveiled a series of exclusive offers for medical workers to thank them for their remarkable service.”
The exclusive promotions, which are available to UAE customers working in the healthcare industry, include:
- Special reduction on the profit rate of personal and auto finance
- AED500 reduction in fees for ADIB covered cards or a voucher from Amazon or Noon when applying for cards
- fixed profit rates on home finance starting from 2.99% per annum on home finance
- 20% fee reduction on all wealth management products
- Smartaccount welcome pack delivered to your doorstep and no minimum balance requirement for Smartbanking
- An iPad with every Life and Savings Takaful plan, if an AED 1,000 monthly contribution is made
ADIB was among the first UAE financial institutions to launch relief measures for customers during COVID-19, including the postponement of monthly installment payments and the reduction of certain fees or charges across a range of products, in line with the Central Bank of the UAE’s Targeted Economic Support Scheme in response to COVID-19. ADIB has also collaborated with the Abu Dhabi Department of Finance to be part of the SME Credit Guarantee Scheme, which aims to bolster the resilience of SMEs registered and operating in the Emirate by increasing access to finances.
In addition to supporting customers, ADIB has also offered extensive support to the community during the COVID-19 outbreak. Initiatives include donating AED 25 million to the Ma’an ‘Together We Are Good’ programme, designed to encourage financial and in-kind contributions from individuals and companies to support the community.