Abu Dhabi Islamic launches a stimulus package of 25 million dirhams


Abu Dhabi – Mubasher: reveal Abu Dhabi Islamic Bank, Listed on the Abu Dhabi Securities Market, for his support of the “Together We Are All Good” program, valued at 25 million dirhams.

According to a press release, this support comes from the bank to contribute to facing the economic and health effects resulting from facing the repercussions of the emerging corona virus (Covid-19), and in support of the “Together We Are All Right” program launched by the Community Contribution Authority “Together” to receive contributions from individuals, entities and companies to support All efforts under the current health conditions.

It is noteworthy that the “Together We Are All Right” program was announced earlier by the Community Contribution Authority “Together”, as the program aims to support the efforts of the Abu Dhabi government to overcome the current challenges.

Last January, Abu Dhabi Islamic Bank signed a leasing facility contract in compliance with Islamic law With a value of 80 million dollars With “Oman Shipping Company”, one of the “Asiad Group” companies“.

And this morning it was announced Emirates NBD, Listed on the Dubai Financial Market, the ability to provide customers who previously benefited from retail loans in order to obtain a grace period and stop paying for a month without paying additional fees as support to customers to face the effects of the outbreak of the emerging Corona virus (Covid-19).

And this morning, Sharjah Islamic Bank announced the approval of its board of directors yesterday Package of facilities Aiming to support its clients from the economic repercussions of the Corona virus.

A group announced Abu Dhabi Commercial Bank And First Abu Dhabi Bank earlier this week A comprehensive package of actions Aiming at protecting its corporate clients and some individuals from the economic repercussions in light of the “Corona” epidemic and helping them overcome this stage.

And at the level of the Emirates it has been allocated in Early last week, about 100 billion dirhams (27.2 A billion dollars) to confront Corona, as the country’s central bank adopted a comprehensive economic support plan with that value in an effort to support the national economy.


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