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Abu Dhabi Islamic Bank opens new branch in Sudan

Abu Dhabi Islamic Bank (ADIB) has opened a banking branch in Khartoum, Sudan, after receiving a license from the Sudanese Central Bank.

ADIB is the largest sharia-compliant bank in terms of market value in Abu Dhabi. It is also the fist UAE bank to get a banking licence in Sudan.

Commenting on the launch, ADIB international expansion head, Abdullah Shahi was quoted by Arabianbusiness.com as saying that the bank anticipates that its Khartoum operations will become a key aspect of its international strategy.

"We believe that our new physical presence in Sudan will further enhance our contribution through our delivery of world-class Islamic banking products and services," Shahi added.

ADIB manages a network of branches in Egypt. It is also the first UAE bank to establish a branch in Iraq and operates a banking branch in London.

ADIB is also a stakeholder in Bank of Khartoum, Sudan’s oldest bank, along with other Gulf lenders including Dubai Islamic Bank, Sharjah Islamic Bank.