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Abu Dhabi Islamic Bank, a leading financial institution, has launched a new product, Small Business Finance (SBF), aimed at small and medium enterprises (SMEs) in the UAE. The new product offers complete financial solutions up to AED 1.5 million to support the short and long term goals of SMEs.
ADIB’s SBF is designed to provide SMEs in the UAE with customized financial solutions to meet their business objectives. Through a simple and fast application process, businesses will also receive comprehensive benefits including unsecured business financing, working capital financing for local and international purchases or capital expenditure financing for equipment, machinery and vehicles, based on equal monthly installments (EMIs), Flexible deadlines, along with expert advice and more benefits, give every business the makeover it needs.
Commenting on the new product launch, Mohammed Al Salem, Head of Commercial Banking at ADIB, said: “SMEs play an important role in shaping the global economy. ADIB recognises their importance to local economies and continues to support them through a number of initiatives that enable Business owners are able to reach their full potential. Our new product is in line with the UAE’s vision as a supporter and contributor to the development of small businesses and strengthens our position as one of the largest Islamic banks, offering a range of commercial banking products to support businesses’ need.”
ADIB’s SBF supports the country’s ongoing efforts to develop the UAE’s business sector, provides complete financing solutions to further help individuals achieve their business goals, and remains committed to supporting the sector’s growth and sustainability.
For more information visit ADIB | BBD – Small Business Financing
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