'Al Khair' set to be launched again by ADIB

ABU DHABI — Abu Dhabi Islamic Bank yesterday announced the re-launch of its Al Khair financial product.

By A Staff Reporter

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Published: Wed 27 Apr 2005, 10:34 AM

Last updated: Thu 2 Apr 2015, 4:10 PM

Al Khair is the first product of its kind in the UAE that focuses on loan refinancing in conformity with Islamic laws and regulations. It also takes into consideration the customers' commitments. The overwhelming response and success of the product has prompted the bank to re-launch the product with new and special features, the bank said in a statement.

Some of Al Khair's important new features include, profit-free credits until the end of December 2005, delay of the first installment for three months, free visa card, in addition to offering finance for up to 30 salaries, and installment payment for up to 96 months.

“The Bank strives to fulfill all the needs of the local customer, who is looking for Islamic legal solutions to finance his needs... this explains the huge success witnessed by the bank's various products, especially Al Khair,” an Abu Dhabi Islamic Bank official said.

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