ADIB expands on its financial literacy campaign

Its Wealth Management Solutions Centre interactive web portal offers tips on saving and investment.

ADIB has launched a wealth management solutions centre as part of its ongoing financial literacy campaign. Sammy Dallal / The National

Abu Dhabi Islamic Bank (ADIB), the second-largest Sharia-compliant lender in the Emirates, has expanded its financial literacy campaign to include an interactive portal on its website that offers tips on saving and investment.

The ADIB Wealth Management Solutions Centre is the second stage in ADIB's financial literacy initiative, which it launched last year with the release of its SmartMoney booklet. A recent customer survey by ADIB found that 80 per cent of residents wanted more accessible financial education.

"We believe that saving as much money as possible, from as early an age as possible, can ensure a comfortable lifestyle in the future," says Trad Al Mahmoud, the chief executive of ADIB Group.

"With the launch of ADIB Wealth Management Solutions Centre, we aim to help UAE residents to save more money."

The portal helps users to work out an education savings plan, offers a retirement and savings calculator, and an investment planner. For more information - and also to download the SmartMoney booklet - go to www.adib.ae.

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United Arab Bank (UAB) has launched a new promotion that gives credit-card customers up to a 5 per cent cashback on international spends and 2 per cent on domestic purchases.

The offer, which ends on July 15, requires UAB credit-card customers to spend at least Dh5,000.

"As in all our recent focus groups on summer campaigns and cards, cashback was preferred by our customers as the benefit they found the easiest to understand and redeem," says Tom Smith, UAB's executive vice president and group head of retail banking.

Go to www.uab.ae for details.