Abu Dhabi Islamic Bank signs a memorandum of understanding with Bank Leumi, Israel

Abu Dhabi Islamic Bank announced the signing of a memorandum of understanding with the Israeli Bank Leumi, according to a statement by the bank today, within the framework of discussing ways of cooperation between the two banks in the UAE, Israel and other countries.

The statement, of which Emirates Today obtained a copy, indicated that the memorandum will provide new opportunities for customers and support their banking needs, whether from individuals traveling to Israel or companies looking to benefit from accessing new markets.

The agreement was signed by Khamis Buharoon, Vice Chairman of Abu Dhabi Islamic Bank, and Hanan Friedman, CEO of Bank Leumi.

This agreement coincides with the commencement of trade and economic relations between the UAE and Israel within the Treaty of the Abrahamic Agreement

For his part, Vice Chairman of Abu Dhabi Islamic Bank, Khamis Buharon, said: “We are proud to sign this memorandum of understanding with Bank Leumi, one of the largest banking groups in Israel. This historic partnership, which is in line with the common goal of both countries to establish strong economic and trade relations, will support Retail and corporate banking customers in their banking needs when traveling or opening a business in Israel. "

On his part, Hanan Friedman, CEO of Bank Leumi, said: “We are pleased to cooperate with a reliable partner such as Abu Dhabi Islamic Bank, one of the leading Islamic banks in the region. This agreement will contribute to strengthening the bonds of bilateral relations between the two countries, as it is a cornerstone of strengthening cooperation and exploring new opportunities for growth. It would help our customers to benefit from banking services and products in the two countries

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