ADIB Strengthens Support for Frontline Heroes with “Sanadna” Initiative
Abu Dhabi Islamic Bank (ADIB) has introduced the “Sanadna” initiative, aimed at providing essential support to the UAE’s frontline personnel. This program is a timely response to the ongoing challenges faced by those who serve and protect the nation, reflecting ADIB’s commitment to enhancing the financial well-being of these individuals.
Tailored Financial Support for Frontline Personnel
The Sanadna initiative is designed to offer a range of financial benefits specifically for eligible frontline workers, including members of the UAE Armed Forces, Ministry of Defense, police, civil defense, and emergency medical services. Key features of the program include:
- Deferred installments on existing personal and auto-finance facilities for up to three months without additional charges.
- A seven-month grace period on Personal Finance buyouts.
- Access to exclusive banking benefits, such as a 0.99% rate on Al Yusr Salary Advance Finance and profit-free installment plans for school and tuition payments.
These measures aim to alleviate financial pressures and enhance the overall banking experience for those who are crucial to the nation’s safety and stability.
Comprehensive Financial Solutions
In addition to immediate financial relief, the initiative offers long-term security options. Eligible frontline customers can receive three months of complimentary life takaful insurance on new home finance, as well as access to household and home protection takaful solutions. Furthermore, ADIB will waive 100% of ATM fees, minimum balance requirements, and fees on selected banking services, reinforcing its commitment to accessible financial solutions.
The wealth management aspect of the Sanadna initiative includes a full waiver on Smart Sukuk fees for three months and no custody fees for the first year for customers investing through ADIB’s Smart Sukuk platform. Additionally, a 50% fee waiver on savings plans is available, further enhancing the financial flexibility of eligible customers.
Incentives and Recognition
The initiative also introduces coupon multipliers in the Ghina account, increasing the chances of winning in lucky draws. Participants can enter for a chance to win from a pool of prizes valued at AED 300,000, including a Nissan Patrol. This aspect of the program underscores ADIB’s commitment to recognizing and rewarding the dedication of frontline personnel.
Eligible customers will also benefit from an annual fee waiver on new digital cards, such as Exceed and Cashback, promoting cost-efficient digital banking solutions that are increasingly vital in today’s financial landscape.
Support for Small and Medium-Sized Enterprises
In addition to individual support, the Sanadna initiative extends its benefits to small and medium-sized enterprises (SMEs) that play a significant role in the UAE’s economy. The program offers practical solutions aimed at enhancing business continuity and flexibility during challenging times. This includes installment deferral options of 30 to 60 days upon request, takaful protection to safeguard businesses against unforeseen events, and up to a 50% fee waiver on new POS services.
Broader Implications for Financial Well-Being
The Sanadna initiative reflects ADIB’s broader commitment to customer-centric innovation and social responsibility. By providing tangible support to frontline personnel and SMEs, the bank aims to enhance financial well-being and contribute to the long-term stability of the communities it serves. This initiative not only addresses immediate financial needs but also fosters resilience and trust among those who dedicate their lives to serving the nation.
About Abu Dhabi Islamic Bank PJSC
Abu Dhabi Islamic Bank PJSC (ADIB) is a prominent Islamic bank in the UAE, with assets totaling AED 281 billion. The bank integrates Islamic finance principles with innovative digital capabilities to deliver a seamless, customer-centric banking experience. Established in 1997 and listed on the Abu Dhabi Securities Exchange (ADX), ADIB has a robust presence across six strategic markets, including Egypt, Saudi Arabia, the United Kingdom, Qatar, and Iraq.
Recognized as the World’s Best Islamic Bank by The Financial Times – The Banker, ADIB has a proven track record of innovation, offering a comprehensive suite of Retail, Corporate, Business, Private Banking, and Wealth Management solutions. The bank continues to enhance client experience through its award-winning products and services.
According to publicly available www.zawya.com reporting.
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