ADIB definition
Examples of ADIB in a sentence
Investors should not rely on interim results as being indicative of results ADIB may expect for the full year.
If any of the risks relating to the business of ADIB mentioned above (see "– Risks relating to ADIB") materialise or otherwise impact ADIB's business, the value of and profit earned from the investment in such Mudaraba Assets may decrease which may, in turn, have a material adverse effect on ADIB's ability to fulfil its payment obligations under the Mudaraba Agreement and consequently, the Trustee's ability to make payments in respect of the Certificates.
Revenues of ADIB will depend, in part, on ADIB's ability to continue to attract, retain and motivate qualified and skilled personnel.
As at 30 June 2018, ADIB had AED 76.5 billion of Gross Financing (as defined in the "Selected Financial Information" section of this Prospectus) located in the UAE, representing 96.1 per cent.
Fidor Solutions serves a wide range of sectors including banks, telecoms to commerce and clients including O2, Telefonica and ADIB Abu Dhabi Islamic Bank.
ADIB is also a major investor in: (i) Bosna Bank International D.D. (BBI), which provides Islamic banking services in Bosnia and Herzegovina; (ii) Abu Dhabi National Takaful Company PJSC (ADNTC), which provides Islamic insurance products in the UAE; and (iii) ADIB Egypt, which provides banking services in Egypt and which is in the process of being converted into an Islamic bank.
Such notifications shall be sent by mail, fax, SMS Messages to the mobile number registered that is in ADIB SECURITIES L.L.C. database to the communication details mentioned in this Agreement or any changes thereto, this notification can also be provided to the Investors by a telephone call.
Additionally, ADIB may face certain legal risks from private actions brought against it.
The Certificates may be redeemed in whole but not in part, or the terms thereof may be varied by the Trustee (but only upon the instructions of ADIB (acting in its sole discretion)) only in accordance with the provisions of Condition 10 (Redemption and Variation).
Although the Trustee and ADIB believe that the various structural elements described in this Prospectus lessen some of these risks for Certificateholders, there can be no assurance that these measures will be sufficient to ensure payment to Certificateholders of any Periodic Distribution Amount or the Dissolution Distribution Amount or any other amounts payable in respect of the Certificates on a timely basis or at all.