logo
ADIB Group recognised for excellence in information security and data privacy

ADIB Group recognised for excellence in information security and data privacy

Zawya05-03-2025
UAE, Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has enhanced its commitment to information security and data piracy by achieving the ISO/IEC 27001:2022 and ISO/IEC 27701:2019 certifications. The certification applies to ADIB's group operations, including ADIB UAE, ADIB Egypt, ADIB Iraq, ADIB United Kingdom and Saudi Finance Company as well as other companies within the group, demonstrating the bank's commitment to ensuring the protection of customer data and regulatory compliance across all markets.
The certifications issued reflect ADIB's adherence to internationally recognised best practices in information security and data privacy management. The assessment highlighted the bank's robust security frameworks, privacy controls, and proactive risk management measures, demonstrating ADIB's ability to protect its systems and customer data from potential threats.
Commenting on this achievement, Talha Karim, Group Chief Risk Officer at ADIB, said: 'at ADIB, we are committed to upholding he highest standards of governance and risk management which are fundamental to our sustainability strategy. Attaining the ISO 27001 and ISO 27701 certifications underscores our steadfast commitment to cybersecurity and data privacy across our operations. As digital banking continues to evolve, ensuring the highest levels of security, data privacy and regulatory compliance remains a key priority. This achievement reflects the dedication of our teams, in aligning with global standards, implementing robust security frameworks, and ensuring compliance.
ADIB's attainment of these certifications validates the bank's position to meet regulatory requirements across the UAE and its international markets, demonstrating its commitment to protecting customer information and reinforcing trust among stakeholders.
The certifications align with ADIB's broader sustainability commitments, reinforcing its position as a leader in responsible and safe banking practices. ADIB remains committed to continuous improvement in its security and privacy frameworks, ensuring seamless and safe banking experiences for customers while adapting to the evolving digital landscape.
About ADIB
ADIB is a leading bank in the UAE with AED 226 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides Retail, Corporate, Business, Private Banking and Wealth Management Solutions. The bank was established in 1997, and its shares are traded on the Abu Dhabi Securities Exchange (ADX).
ADIB has a strong presence in five strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Qatar, and Iraq.
Named World's Best Islamic Bank by The Financial Times - The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Emirates airlines, Etihad and Etisalat and a wide range of financing products
For media information, please visit www.adib.ae or contact:
ADIB Edelman
Lamia Khaled Hariz Simon Hailes
Head of Public Affairs Director of Financial Communications
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NBF posts Dh625.4 million net profit in H1 2025, up 41.8%
NBF posts Dh625.4 million net profit in H1 2025, up 41.8%

Al Etihad

time3 days ago

  • Al Etihad

NBF posts Dh625.4 million net profit in H1 2025, up 41.8%

31 July 2025 20:01 ABU DHABI (ALETIHAD) National Bank of Fujairah (NBF) has reported its strongest-ever half-year net profit, posting Dh625.4 million for the six-month period ended June 30 2025, up 41.8% compared to Dh441.2 million in H1 2024. Profit before tax rose to Dh687.6 million from Dh484.9 million in the same period last performance was underpinned by strong business growth, prudent risk management, and lower impairment provisions. The bank's total comprehensive income stood at Dh669 million, up 56% year-on-year, supported by an improvement of Dh43.6 million in investments through other comprehensive profit rose 17.6% to Dh994.2 million, while operating income increased 12.9% to Dh1.4 billion. Net interest income and Islamic financing income grew 4.9% to Dh926.1 million. Net fees, commission and other income surged 37% to Dh314.7 million, while foreign exchange and derivatives income climbed 22.1% to Dh110.7 the balance sheet side, total assets grew by 5.7% to Dh64.3 billion. Loans and Islamic financing receivables rose 10.3% to Dh35.7 billion. Customer deposits reached Dh47.6 billion, up 4%. Investments rose 8.9% to Dh10.3 billion. Asset quality improved, with NPL ratio dropping to 4.6% and provision coverage increasing to 133.4%.Return on average assets improved to 2.0%, while return on equity jumped to 17.9%. Capital adequacy ratio remained strong at 16.5%. Dr. Raja Easa Al Gurg, Deputy Chairperson, said, "We are pleased with the NBF franchise growing and posting another set of stellar results in the first half of 2025. Against the backdrop of heightened uncertainty, we continued to deliver remarkable results across our diversified verticals, reinforcing our commitment to delivering enhanced shareholder value and achieving sustainable growth."

Islamic Treasury Sukuk auction for July 2025 attracts bids worth Dh5.35 billion
Islamic Treasury Sukuk auction for July 2025 attracts bids worth Dh5.35 billion

Al Etihad

time3 days ago

  • Al Etihad

Islamic Treasury Sukuk auction for July 2025 attracts bids worth Dh5.35 billion

31 July 2025 19:02 ABU DHABI (WAM) The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, announced the successful completion of the July 2025 auction of the UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to Dh1.1 issuance forms part of the T-Sukuk issuance programme for the year 2025, as published on the MoF's official auction attracted robust demand from eight primary dealers across both tranches maturing in August 2028 and May 2030. The total bids received reached Dh5.35 billion, reflecting an oversubscription of nearly five times and underscoring the strong confidence of investors in the UAE's creditworthiness and Islamic finance auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.88% for the August 2028 tranche and 3.95% for the May 2030 tranche, on par with comparable US Treasuries at the time of Islamic T-Sukuk programme plays a vital role in supporting the development of the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors. Furthermore, it reinforces the local debt capital market, contributes to the development of the broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.

Gulf ESG Sukuk Surge Strengthens Regional Fiscal Influence
Gulf ESG Sukuk Surge Strengthens Regional Fiscal Influence

Arabian Post

time3 days ago

  • Arabian Post

Gulf ESG Sukuk Surge Strengthens Regional Fiscal Influence

Gulf nations now account for over half of global environmental, social, and governance sukuk issuances in the first half of 2025, underscoring their growing leadership in sustainable Islamic finance. Sukuk linked to ESG objectives saw a 12 per cent rise to approximately $50 billion outstanding globally in H1 2025, with Gulf Cooperation Council countries contributing the majority of this volume. Saudi Arabia and the UAE emerged as principal issuers, driving much of the growth. Issuances denominated in foreign currencies rose to $41.4 billion, an 8.94 per cent year-on-year increase, as institutional demand from both regional and international investors firmed further. Saudi Arabia alone accounted for nearly 39 per cent of the total foreign currency sukuk volume in H1, signaling its strategic commitment to funding Vision 2030 priorities through sustainable Islamic financing. The scale and number of ESG sukuk issued by Gulf issuers—including sovereigns, banks, and corporates—mark them as dominant players in the global market. ADVERTISEMENT Fitch Ratings expects the global ESG sukuk market to reach $60 billion in outstanding volume by end‑2026. GCC countries—led by Saudi Arabia and the UAE—continue to serve as hubs of innovation and scale in this segment. Emerging issuers include Malaysia, Indonesia, and Pakistan, though they collectively accounted for under half of the total in H1. Strong demand for ESG sukuk is supported by rising interest in sustainable finance instruments that align with national decarbonisation strategies and renewable energy commitments. Instruments such as green and sustainability‑linked sukuk are gaining traction, offering issuers access to lower-cost capital and ESG-sensitive international pools. Moody's had noted earlier that GCC economies accounted for over 80 per cent of global sustainable sukuk issuance in H1 2024, with Saudi Arabia and the UAE at the forefront. Even as sustainable debt issuance globally slowed in other formats, ESG sukuk have outperformed conventional sukuk growth, highlighting the appeal of Shariah‑compliant, transparency‑oriented instruments. Analysts expect sustained momentum through the year, with issuance activity partly driven by issuers seeking to lock in favourable foreign currency funding amid monetary policy uncertainties. Attention to regulatory developments is intensifying. The forthcoming implementation of Shariah Standard 62 by the Accounting and Auditing Organization for Islamic Financial Institutions is poised to require legal transfer of underlying assets to investors—transforming sukuk structures toward equity‑like formats. Rating agencies warn this could deter fixed‑income investors, increase structuring complexity and raise costs, particularly in Saudi Arabia and the UAE, potentially fragmenting the market unless flexibility and jurisdictional adaptation are built into the standard. Financial institutions across the GCC are responding by accelerating ESG sukuk programmes and adopting sustainable finance frameworks. Dubai's Nasdaq serves as the leading listing venue globally, hosting some 35 per cent of outstanding ESG sukuk by end‑2024. Banking groups such as FAB and ADIB have originated ESG‑aligned Islamic financings—for example supporting renewable energy and decarbonisation projects in line with national and international sustainability targets. Issuers in the Gulf appear determined to exceed expectations through H2 2025, capitalising on robust investor appetite, sovereign sustainability drives, and regulatory frameworks conducive to ESG-aligned debt. Market watchers anticipate further acceleration in sustainable Islamic finance, positioned at the intersection of capital efficiency, Shariah compliance, and global ESG investment flows.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store