‘Debt Relief Fund’ supports UAE community: ADIB, DIB

ABU DHABI, 19th March, 2019 (WAM) — The Abu Dhabi Islamic Bank, ADIB, and the Dubai Islamic Bank, DIB, stressed the continuing their cooperation with the ‘Debt Relief Fund’ will help UAE citizens address their debts and provide them with a decent life and stability.

They made this statement after yesterday’s reception organised by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for a delegation representing banks that participated in the ‘Debt Relief Fund Initiative’, which aims to release 3,310 citizens from their debts, accompanied by members of the fund.


Khamis Bouharoun, Deputy Chairman of ADIB, thanked His Highness Sheikh Mohamed and the wise leadership for supporting the country’s social development and providing the country’s citizens with a decent life and family stability.

He added that the initiative will benefit both the banking sector and the Emirati community, and will increase the credibility of the sector, by making citizens feel that national banks care for the public’s interests.

Bouharoun, who helped to erase the debts of over 1,000 customers said that the joint efforts to make the initiative succeed is in line with his belief that the banking sector has a key role in promoting social responsibility and achieving the country’s stability and sustainability.

Dr. Adnan Shalwan, CEO of DIB, thanked the UAE Government for enabling the bank to participate in the initiative.

“As an organisation that prioritises social responsibility, we will continue to support the leadership and our partnership, through future strategic initiatives that aim to reinforce prosperity,” he said.

WAM/Esraa Ismail/Nour Salman

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