UAE: Abu Dhabi Islamic Bank (ADIB) has signed an MoU with Jubail Investment Company (JIC) to support the development of the Jubail Island project, with the bank solely financing the project. Under the agreement, ADIB will provide Shariah compliant financial services to customers of JIC, including home financing, personal finance and other banking solutions.
As part of the arrangement, MPM Properties, ADIB’s property management arm, will offer property management services for the development.
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