Overview
ADIB, at a glance.
ADIB is an islamic bank headquartered in the United Arab Emirates, regulated by Central Bank of the UAE, Central Bank of Egypt, Central Bank of Iraq and 3 other regulators. Business accounts cost From AED 125 a month. Opening an account takes 3–5 days.
Abu Dhabi Islamic Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE. Current accounts are held on a Qard basis: the balance is an interest-free loan to the bank, which repays it on demand.
Why businesses pick ADIB
- Shari'a-compliant business banking
- Accounts in AED, USD, EUR and GBP
- Business Connect: AED 125 a month with no minimum balance, AED 2 local transfers online
- Elite costs AED 125 a month above AED 750,000, with preferential exchange rates
- Visa business debit card; replacement free on Elite
Watch out for
- Business One costs AED 450 a month plus VAT
- Foreign-currency accounts carry their own monthly charge (USD 153 on Business One)
- International transfers cost AED 45 online (SHA) and AED 195 with OUR
- The package is reset every six months from your average balance
- Trustpilot score of 1.7 from 199 reviews
Business fit
Will ADIB accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on ADIB's published rules
Likely no
ADIB does not list United Kingdom among the countries where it accepts companies.
ADIB does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What ADIB publishes about the businesses it takes on.
Who ADIB serves
- Startups and SMEs
- Import and export
- Professional services
- Holding companies
Not supported
Industries and countries ADIB does not accept, from its own published lists.
Industries
- Alcohol (brewers, distillers & vintners, packagers, transporters, sellers and resellers)
- Tobacco
- Pork-related products (food products, food retailers & wholesalers, hotels, restaurants & bars)
- Conventional financial services (banking, insurance, investment services, insurance brokers, mortgage finance, etc.)
- Weapons and defense (defense industries, manufacturers of weapons, contractors, suppliers of offensive components and systems)
- Entertainment (hotels, casinos/gambling, cinema, pornography, music, etc.)
- Coal
- GMOs
- Genetic cloning
- Deforestation
Countries
- Not published
Coverage
Where can you use ADIB?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
AED, USD, EUR and GBP
- EUR
- USD
- GBP
- AED
Business Connect is AED only
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United Arab Emirates
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Companies with a valid UAE trade licence
Pricing
What does ADIB cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
AED 125–450
depends on plan
Business One
AED 450 per month
Setup fee not published
Business Premium
AED 350 per month
Setup fee not published
Business Elite
Lowest costAED 125 per month
Setup fee not published
Business Connect
AED 125 per month
Setup fee not published
Transaction fees
| Cost | Business One | Business Premium | Business Elite | Business Connect | How it is charged |
|---|---|---|---|---|---|
| Incoming | |||||
| SWIFT / international | AED 75 | AED 75 | AED 75 | AED 75 | Fixed fee · International transfers received in AED |
| Outgoing | |||||
| SWIFT / international | AED 45 | AED 45 | AED 45 | AED 20 | Fixed fee · ADIB Direct, SHA or BEN; AED 195 with OUR; AED 110 at a branch |
| Local transfer to another bank | AED 15 | AED 15 | AED 15 | AED 2 | Fixed fee · Online; AED 75 at a branch |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published | Bank's spot rate; preferential rate on Elite |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Card FX | 1.99% | Percentage of the amount · Added to the Visa rate |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply online
Start ADIB's digital account opening for UAE-licensed companies.
- 2
Documents
Upload the trade licence, MOA, the signatory's and partners' passports and Emirates IDs, and company and personal address proof.
- 3
Checks
ADIB reviews the application and may ask you to visit a business centre to complete it.
- 4
Account live
Once approved, the account and ADIB Direct online banking are activated.
Documents you need
Not published
FAQ
Your questions, answered.
Is ADIB a bank?
Yes. Abu Dhabi Islamic Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE, licence 01.01.02.042.1997.01. The group also has banks or branches in Egypt, Iraq, Qatar and Sudan and a finance company in Saudi Arabia.
How much does an ADIB business account cost?
It depends on your average balance: Business One AED 450 a month (AED 5,000 to 250,000), Business Premium AED 350 (up to AED 750,000) and Business Elite AED 125 above that. Business Connect costs AED 125 with no minimum balance. VAT is added.
Which currencies does ADIB offer?
Business accounts in AED, USD, EUR and GBP; other currencies with the bank's approval. Business Connect is AED only.
Does ADIB refuse some industries?
ADIB is Shari'a-compliant. It publishes the sectors it excludes from financing and investment, such as alcohol, tobacco, pork, conventional financial services, weapons, gambling and adult entertainment, and its card terms decline those businesses.
Alternatives
How ADIB compares.
If ADIB is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 ADIBThis pageIslamic bank |      +1 | Islamic bankingMulti-currency |
 Dubai Islamic BankIslamic bank |   | Islamic bankingRelationship manager |
 RuyaIslamic bank | | Islamic bankingNo minimum balance |
 Emirates NBDBank |    +4 | Business packagesVisa debit card |
 MbankBank | | No minimum balanceAED only |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.