ADIB mulls S'pore as hub for expansion

Singapore

ABU Dhabi Islamic Bank (ADIB) is considering expanding into this region via acquisitions, with Singapore a potential candidate for its hub, its top executive told The Business Times.

This comes as ADIB, the world's fourth largest Islamic bank by assets, seeks to boost its trade finance business by offering investors from this part of the world greater access to the Middle East and North African region. This includes Iraq, where ADIB is the only non-Iraqi bank to offer both retail and commercial services.