Abu Dhabi Islamic Bank (ADIB) has announced that it will postpone personal financing installments for the month of August for all customers.

The waiver is a goodwill gesture as part of the bank’s Ramadan initiatives and will help customers deal with extra expenses associated with Ramadan and Eid, the bank said.

Installments will be postponed until September and customers are not expected to pay installments for the month of August by due date.

The postponement of installments applies to customers of all personal financing products including liability settlements, Al Khair product, shares finance, car finance, educational finance, travel finance and goods finance, a statement said.

In order to qualify for postponement, customers must be up-to-date with their payments, having paid more than three previous installments and must have a salary-transfer arrangement in place with the bank, it said. – TradeArabia News Service