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ADIB defers installments to mark Eid

Abu Dhabi Islamic Bank, or ADIB, is again postponing monthly repayment installments for personal and auto finance customers for the holy month of Ramadan.

Published: Mon 28 Jul 2014, 9:27 AM

Updated: Tue 7 Apr 2015, 10:25 PM

The payment break is being offered to ADIB customers to provide cash-flow relief during Ramadan and before the celebration of Eid Al Fitr, which is traditionally a heavy spending period for a large part of the population.

ADIB’s analysis of spending behaviour over the past few years has shown that Ramadan, Eid and the summer season in general put high pressure on family budgets due to increased spending on school registrations, family vacations and other planned and unplanned events.


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