ADIB allows withdrawal of 50% salary in advance

Customers can get up to 50% of their net salary before regular salary using the bank's mobile app, Abu Dhabi Islamic Bank (ADIB) with its fifty percent advance payment scheme.

The launch of the Salary Advance Scheme 'USR- ADIB Salary Advance' has been announced.

The Salary Advance product is available to current salaried customers whose salary has been credited with ADIB for at least the last three months.  Customers can check their eligibility to apply for 'USRI' through the mobile app.

As part of its commitment to provide Shariah-compliant products and services, the bank will allow customers to instantly access the advance salary amount based on the Murabaha structure.

The scheme aims to facilitate and help customers access up to 50% of their salary, with a maximum amount of AED 50,000, till the next salary transfer. It will be offered to salaried individuals with a minimum monthly income of Dh5,000

The new product "ADIB Yusr Salary Advance Finance" can be accessed through the mobile banking app and is designed to help existing ADIB Salary Transfer customers, UAE nationals and expatriates manage their finances and meet their short-term funding needs.

ADIB's efforts to be at the forefront of banking innovation have been widely acknowledged. The bank received the Global Finance Magazine's Innovator Award. Last year, the bank launched Amwali, the UAE's first digital banking platform designed to empower the youth.

Samih Awadalla, Acting Global Head of the Retail Banking Group at ADIB commented:

Introducing the “ADIB User Salary Advance Finance” product is a result of our commitment to providing our customers with innovative digital products that meet their day-to-day needs. The Bank's overall strategy is to support customers to take advantage of new opportunities through innovative products and features. We have observed that people sometimes find it difficult to cover the gap in their regular payments before receiving their regular monthly salary. The new scheme is in response to the needs of customers seeking alternative financing through card payment plans developed.