Al Hilal Bank

Al Hilal Bank
IndustryBanking
FoundedJune 19, 2008 as Al Hilal Bank[1]
Headquarters
Abu Dhabi, UAE
Key people
Mr. Abdul Shakeel Aidroos CEO
Websitealhilalbank.ae

Al Hilal Bank (Arabic: مصرف الهلال), Established in 2007, Al Hilal Bank is an Islamic bank headquartered in Abu Dhabi (UAE) offering Shari’ah compliant retail banking and wealth management.

Al Hilal Bank was acquired by ADCB Group in 2019.[2]

With issued capital of AED 4 billion and paid-up capital of AED 3.5 billion, the Bank had credit ratings of A+ and A2 by Fitch and Moody’s respectively. The Bank has 14 retail branches across the UAE and previously had 3 branches in Kazakhstan which now operate under the ADCB Islamic brand. Al Hilal Bank also offers online banking services.

Al Hilal Group

Al Hilal Group comprises three adjunct Al Hilal Bank units:

Al Hilal Takaful

Al Hilal Takaful provides "Takaful" Islamic insurance products covering Property, Liability, Engineering, Marine, Aviation, Special Lines, Motor, Medical, and Credit Insurance.

Al Hilal Kazakhstan

Al Hilal Kazakhstan[3], which was the first Islamic bank in the Republic of Kazakhstan and Al Hilal's first branch outside of the UAE, rebranded to ADCB Islamic Bank in 2024. Its Head Office is in Almaty, with other branches operating in the cities of Shymkent and Astana.

See also

References

  1. ^ [1] alhilalbank.ae
  2. ^ "ADCB UNB and Al Hilal Bank". www.adcb.com. Retrieved 2022-08-04.
  3. ^ "Al hilal bank". alhilalbank.kz. Retrieved 2022-08-04.