Abu Dhabi Islamic Bank commenced operations in 1998, and has since grown into one of the largest Islamic banks in the Middle East. The bank focuses on providing customers with quality, cost-effective and Shariâa-compliant financial services across its personal, corporate, royal, investment and institutional banking business lines. And with its new global wealth management division, Abu Dhabi Islamic Bank is expanding the range of value-driven services it can offer clients to meet their financial goals.
âA key component of Abu Dhabi Islamic Bankâs objectives is to use state-of-the-art technology to develop and deliver our banking products and services. With APX we have an industry-leading system that is proven in the market, and is provided and supported by a company that is proven in the region,â said Malik Sarwar, Senior Vice President, Global Wealth Management, Abu Dhabi Islamic Bank. âAPX gives us the capabilities we require to meet the wealth management industryâs best practice requirements, as well as the scalability to grow the business in line with our vision of being a top tier Islamic financial services group.â
âWe are delighted that Abu Dhabi Islamic Bank has entrusted Advent with the role of technology provider to support its exciting expansion plans in the wealth management arena,â said HÃ¥kan Valberg, Senior Vice President and General Manager, Advent Software EMEA. âWith our committed local presence, local support, and industry-leading technology capabilities, Advent is now recognized as a market leader for wealth management solutions in the Middle East, as this latest agreement with Abu Dhabi Islamic Bank underscores.â