Abu Dhabi Islamic Postpones financing installments for customers during the month of Ramadan
Abu Dhabi Islamic Bank announced that it will postpone the payment of a one-month installment for personal financing due from eligible customers during the holy month of Ramadan without any additional costs or fees.
The bank stated in a statement that the postponement aims to reduce the burden of cash flows for the bank’s customers during the holy month in which their expenditures increase, in addition to supporting customers in terms of managing their financial obligations in the medium and long terms, pointing out that this initiative is one of the annual traditions that are based With the bank during the month of Ramadan every year, as part of its efforts to meet the financial needs of its customers.
The bank’s global head of retail banking services, Philip King, said that the bank continues to present this annual initiative with the aim of easing the financial burden on dealers during the holy month of Ramadan.
He added, "The past 12 months have been very difficult for some families, so we want to help dealers manage their financial expenses, whether by providing them with new products and services that contribute to alleviating their current financial burdens, or by helping them manage their financial needs in a more efficient manner."
According to the statement, the bank will communicate with customers who meet the conditions for delaying payment of installments through short text messages (SMS), and they will be provided with a link to read the terms and conditions of the program.
Also, customers who fulfill the program conditions can submit their approval via SMS, if they wish to postpone the payment of the installment of one month.
The bank stated that this offer applies to installments due during the period between April 11 and May 1, 2021.
It is noteworthy that Abu Dhabi Islamic Bank played a pivotal role during the year 2020 in supporting the process of recovery of the national economy by adopting a package of supportive measures, such as delaying the payment of financing installments and exemptions from paying fees, in order to alleviate the burdens of financial pressures on the shoulders of individual and corporate dealers.
It also launched many innovative solutions that enable customers to conduct their banking transactions within a flexible, comfortable and secure experience.
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