As part of the bank’s commitment to providing Sharia-compliant products and services to customers, Abu Dhabi Islamic Bank (ADIB), one of the emirate’s leading Islamic financial institutions, has launched a salary advance product called ‘Yusr- ADIB Salary Advance.’
Customers will be able to receive an instant advance on their net salary via this feature, subject to the Murabaha structure. Customers can access up to 50% of their salaries, with a maximum advance of AED50,000 until the next salary transfer, according to a statement from the lender. Existing customers who have had their salary credited to ADIB for at least three months are eligible for the salary advance product. Customers can use the new service to check their eligibility for ‘Yusr’ by using the bank’s mobile banking app.