Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, is marking the Holy Month of Ramadan by postponing repayment instalments to support customers dealing with heavy spending traditionally associated with Ramadan, Eid and the back-to-school season.

Through this offering, July instalments will be automatically postponed until August 2013. This is open to all retail customers and comes at no extra charge.

Commenting on this initiative, Tirad Al- Mahmoud, CEO of ADIB said: “In addition to a steady rise of the cost of living in the UAE, we know that our customers are also faced with many additional expenses with Ramadan and the new school season. The payment holiday is a straight forward way of reducing our customers’ financial burden and should help them to focus on the Holy Month – a month of giving.”

The repayment postponement offer is valid to customers who have any of ADIB’s personal finance products, car finance, educational finance, travel finance. In order to take advantage of this offer, customers must be up-to-date with current payments and must have a salary-transfer arrangement in place with the bank.

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About ADIB:
Abu Dhabi Islamic Bank (ADIB) was established on 20^th May 1997 as a Public Joint Stock Company following the Emiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11^th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan on 18^th April 1999. ADIB’s vision is to be a top-tier, global Islamic financial services group and its mission is to provide Islamic financial solutions to the global community. The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari’a principles. ADIB’s core values, reflected in all its activities are: Simple and Sensible; Transparent; Mutual Benefit; Hospitality and Tolerance; and Shari’a inspired. It brings to its customers banking as it should be.  For more information, please visit: www.adib.ae.

**This press release was published on Zawya.com. Read the original article here.