Abu Dhabi Islamic Bank (ADIB)
Sector: Banks & Financial Services
Date of Establishment: 1997
COO and Acting Group CEO: Sandeep Chouhan
Market Value: $4.8 billion
ADIB is Abu Dhabi’s largest Islamic bank. Outside of the U.A.E., it operates in Saudi Arabia, the U.K., Sudan, Iraq, and Egypt. ADIB recorded a 1.4% increase in assets in 2020. The bank raised its foreign ownership limit in July 2020 from 25% to 40% to increase the diversity of its shareholders. In April 2021, ADIB donated over $272,000—equivalent to a million meals—to the U.A.E.’s 100 Million Meals campaign.