ADIB launches salary advance product ‘Yusr’

ADIB launches salary advance product ‘Yusr’

- The new feature will allow existing customers to avail up to 50% of net salary before the usual payday by using the bank’s dedicated mobile app

- Product will be offered to salaried individuals with a minimum income of AED 5K per month

Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced the launch of its salary advance product ‘Yusr- ADIB Salary Advance’. As part of its commitment to providing innovative Sharia-compliant products and services, the bank will allow its customers to avail an advance salary amount instantly based on Murabaha structure.

The new product “ADIB Yusr Salary Advance Finance” can be accessed through mobile banking app and is designed to help existing ADIB salary transfer customers, both UAE Nationals and expatriates, to manage their financials and fulfil their short-term funding needs. This product aims to provide convenience and assist customers to access up to 50% per cent of their salaries, with a maximum amount of AED50,000, in advance till the next salary transfer.

Samih Awadalla, Acting Global Head of Retail Banking Group at ADIB, commented: “Introducing “ADIB Yusr Salary Advance Finance” Product is the result of our commitment to providing our customers with innovative digital products that cater