The Abu Dhabi Family Business Council (ADFBC) has announced two key partnerships with Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB). The separate Memorandums of Understanding (MoU) are designed to provide members with access to specialized banking and financial solutions, strengthening the support system for some of the emirate’s most influential economic players.
Quick Facts
- Two distinct MoUs signed with ADIB and FAB.
- Focus on tailored, high-end banking services.
- Aimed at strengthening Abu Dhabi’s family business ecosystem.
Shari’a-Compliant Services With ADIB
The agreement with ADIB establishes a framework for delivering premium, Shari’a-compliant banking services to ADFBC members. The bank will provide its full suite of Private and Priority Banking services, including dedicated relationship management, faster client onboarding, and bespoke investment offerings.
ADIB is also set to develop a dedicated electronic portal on its website exclusively for ADFBC members, created in coordination with the Council. This collaboration targets the specific financial needs of the high-net-worth families and business owners represented by the ADFBC.
“This MoU reflects the Abu Dhabi Family Business Council’s commitment to connecting its members with world-class financial services that are both strategically aligned with their business ambitions and firmly grounded in Islamic finance principles,” said Masoud Al Massoud, Vice Chairman of the ADFBC.
Hasan Abdullah Al Shamsi, Acting Head of Private Banking at ADIB, added, “This partnership… reflects our commitment to providing fully integrated private banking services, built on a deep understanding of family needs and supported by carefully tailored financial solutions.”
Growth and Sustainability Focus With FAB
In a parallel move, the ADFBC signed an MoU with First Abu Dhabi Bank aimed at supporting the growth and long-term sustainability of family-run enterprises. FAB will provide tailored banking and financing solutions based on creditworthiness assessments and its internal policies.
The partnership also includes collaboration on events, workshops, and other initiatives to foster strategic cooperation between the bank and the family business community.
H.E. Khaled Abdul Karim Al Fahim, Chairman of the ADFBC, commented, “We are committed to supporting family businesses in Abu Dhabi by building strategic partnerships with leading financial institutions such as First Abu Dhabi Bank. This MoU represents an important step toward achieving our goals of enhancing the sustainability and growth of these businesses.”
“We are proud to collaborate with the Abu Dhabi Family Business Council and look forward to providing innovative banking solutions that support family businesses and strengthen their role in the local economy,” stated Martin Tricaud, Group Head of Wholesale Banking at FAB.
About the Abu Dhabi Family Business Council
The Abu Dhabi Family Business Council (ADFBC) operates under the umbrella of the Abu Dhabi Chamber of Commerce and Industry. Its mandate is to support and empower family-owned businesses in the emirate, ensuring their continuity, competitiveness, and contribution to Abu Dhabi’s sustainable economic development. The council provides a platform for networking, advocacy, and access to strategic resources.
Source: Zawya
