Abu Dhabi Islamic Bank (ADIB), a leading financial institution, launched a full merchant solution that consists of bundled products and services that cater to the various financial and transactional needs of SMEs in the UAE.

The package offers the ADIB Point-of-Sale (POS) machine, which helps businesses to accept card payments in their outlets, an ADIB Business Merchant Account with a waiver on monthly maintenance fees, and access to state of the art internet banking with unlimited number of free local and international transfers.

The bundle also provides business owners with the option to use ADIB POS Finance, which offers merchants considerable finance amounts with competitive rates against their Point-of-Sale receivables.

“In a challenging economic environment for SMEs, it is becoming more difficult for them to operate efficiently and secure finance,” said Mahdi Kilani, head of ADIB Business Banking.

“We believe that these businesses are still and will remain the engine of growth for the UAE economy and need support from financial institutions with a clear view of their needs.

“Therefore we have come up with this solution that allows us to offer SMEs the opportunity to grow their businesses, reduce their operating costs, and get access to finance with competitive pricing,” he added.

With this launch, ADIB has become first Islamic bank to combine POS Machine, current account, and business finance in one offering.  – TradeArabia News Service