Abu Dhabi Islamic bank was officially registered on the 20
of May 1997. It was listed as apublic joint stock company through the Amiri Decree No.9 of 1997. It officially commencedoperations on the 11
of Nov 1998 and all contracts and fundamentals practiced by thisorganization are carried out in accordance with the principles of Islamic Sharia. (Webmaster
,2006)They setup their operations on a capital of One Billion United Arab Emirates Dirhams whichwas then divided into a hundred million market shares, with an IPO (Initial Public Offer) of 10Dirhams per share. Their mission is to provide financial solutions for the community byapplying the principles of Sharia and their vision is to be a top tier Islamic Financial servicegroup.Abu Dhabi Islamic Bank P.J.S.C. provides banking, investing, and financing services. It handlessmall and medium businesses and individual customers' deposits; and provides consumer andcommercial murabahas, Ijarah, Islamic covered cards and fund transfer facilities, and tradefinance facilities. The company also involves in providing financing and other credit facilities;and deposits and current accounts for corporate and institutional customers, and high networth individuals. In addition, it offers money market brokerage, trading, and treasury services;and involves in the acquisition, development, sale, and leasing of land and buildings, as well asmanagement and resale of properties and various other activities. Further, the companyprovides deposit products, which include current, electronic, savings, short term investment,and recurring investment accounts. (Web master
2010) One of the main reasons behindAbu Dhabi Islamic Banks success is its sense of social responsibility towards the public whogenerate its wealth.