Abu Dhabi Islamic Bank announced today the launch of their Covered Card promotion that will run from January 1, 2006 to December 31, 2006. The promotion is aimed at increasing the covered card holder base with Abu Dhabi Islamic Bank by focusing on the benefits of the card.
Card holders who spend more than a minimum allocated amount will be entitled to enter a quarterly prize draw for AED10,000 which will be credited to his or her account or they may win a AED10,000 gift voucher. The entrant will also be eligible to participate in the grand prize draw of AED250,000 in cash plus a return of 1% from his or her purchases to his or her card account.
“We aim to achieve loyalty with our customers by rewarding them frequently through innovative promotions and incentives,” said a bank official. “Winners of this promotion will be provided with two gift options in the form of cash credited to their respective cards and gift vouchers for weekend packages at selected hotels.”
ADIB has witnessed many accomplishments in the last year by enhancing its solutions and providing new services such as the “Qawarib” and re-launching several products, such as the “Sahel”, “Noor”, and the Islamic Visa covered card, all of which provide individuals with innovative Sharia compliant financial solutions.
About the Abu Dhabi Islamic Bank Covered Card
The covered card from Abu Dhabi Islamic Bank is a card that has all the specifications and benefits like any other world wide credit card. However, its unique features are that it’s based upon Sharia’a principles which allow the card holder access to use it at any time and provides the users with high flexibility in settling its payments.
Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank (ADIB) was launched on 20th May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997. The bank is as one of the world's largest Islamic banking institutions, by capitalization. Since its inception the bank has witnessed significant growth and development as reflected in the financial results for 2004. The total assets increased by 38% compared to 2003 and customer deposits increased by 56%.
All ADIB contracts, operations and transactions are carried out under the Islamic Shari'a principles with a strong focus on customer needs and innovative products and services in order to provide a customer focused ethical banking solution. ADIB currently has 18 branches across the Emirates, with 5 more branches to be launched before the end of the year.
ADIB’s lines of products and services are 100% Shari’a compliant and offer the lowest profit rates available. Services and products include women’s services, a Shari’a complaint Visa covered card, Al Noor Educational Finance, Sahal, Terhal and many more. The bank also attracts a number of national employees and the current percentage of nationals is 24% of the total bank employees.
