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Thursday, July 18, 2024

Launch Partners

Abu Dhabi Islamic Bank launches financing solution worth up to AED1.5 million (US$408,320) to support SMEs

UAE: Abu Dhabi Islamic Bank (ADIB) has launched a new offering called ‘Small Business Finance (SBF)’ with a complete financial solution of up to AED1.5 million (US$408,320), aimed at supporting the short- and long-term goals of SMEs in the UAE.

Designed to offer bespoke financial solutions, ADIB said in a statement that SBF offers a comprehensive range of benefits including collateral-free business finance, working capital finance for local and international purchases or capex finance for equipment, machinery and auto, payment based on equated monthly installments and flexible tenors, while also providing accessibility to expert advice.

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