UAE-Based Islamic Banks Provide Support to Customers Affected by COVID-19

United Arab Emirates (UAE) based Islamic Banks, such as Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank (DIB) and Emirates Islamic Bank (EIB), have launched a series of measures to relieve the burden of COVID-19 on its retail and corporate customers.

This comes in line with the Central Bank of the UAE’s measures to reduce the effects of COVID-19 on UAE’s economy.

Individual customers will receive a series of benefits including instalment deferments, cash back on selected essentials (up to 5%), removal of fees and charges, instalment plans, increase of limits on cards and additional finance against property value for first-time home buyers.

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