ABU DHABI ISLAMIC BANK - CASE STUDY Example | Topics and Well Written Essays - 2500 words

ABU DHABI ISLAMIC BANK - Case Study Example Islamic banking got famous in Arab nations by 2003 and furthermore in Malaysia. The quantity of banks expanded to 450 during 2009; in addition around 300 customary banks are seen to offer to Islamic financial items and administrations to the clients. Over the most recent five years, Islamic banks had seen fast development in resources, which have multiplied during the period (ADIB, 2014a). The Islamic bank is alluded to the bank that follows the Shari’a standards with respect to financing, venture and banking. These banks are controlled and managed by the Central Banks. The banks meet the prerequisite of the clients by following the Shari’a standards (Siraj, and Pillai, 2012). It furnishes with various alternatives that causes the clients to safe gatekeeper their speculations and money. These choices are Musharakah (joint endeavor), Ijarah (renting), letter of credit, Murahaba (Cost in addition to) and secured cards. The banks have Shari’a sheets, which involve Islamic legal scholars, who counsel and control the various parts of the new financial exchanges (ADIB, 2014a). During the worldwide money related emergency, it is seen that the banks were influenced harshly; nonetheless, it scarcely had any effect on the Islamic banks. Home loan emergency was viewed as the fundamental driver of the circumstance in the US. The soundness in Islamic banks begins from its inclination of business as the financing technique depends on Shari’a rule, which directs Musharakah, Ijarah and Mudarabah (ADIB, 2014a). Considering the above standards and practices that are trailed by Islamic banks, the accompanying case examinations the activity of Abu Dhabi Islamic Bank (ADIB). The case features the budgetary state of the bank post and pre-monetary emergency. ADIB was established in 1980 and by and by it has become the biggest money related foundation working under Shari’a standard in Egypt. It has gotten the most noteworthy market norms. It utilizes around 2000 managers who structure a dynamic