UAE: Withdraw 50% of salary in advance under bank’s new scheme
A new feature introduced by Abu Dhabi Islamic Bank (ADIB) will allow customers to avail up to 50% of net salary before the usual payday by using the bank’s dedicated mobile app
The leading Islamic financial institution, announced the launch of its salary advance product ‘Yusr- ADIB Salary Advance’. As part of its commitment to providing innovative Sharia-compliant products and services, the bank will allow its customers to avail an advance salary amount instantly based on Murabaha structure.
The new product “ADIB Yusr Salary Advance Finance” can be accessed through mobile banking app and is designed to help existing ADIB salary transfer customers, both UAE Nationals and expatriates, to manage their financials and fulfil their short-term funding needs.
This product aims to provide convenience and assist customers to access up to 50% of their salaries, with a maximum amount of Dh50,000, in advance till the next salary transfer. It will be offered to salaried individuals with a minimum income of Dh5,000 per month.
The salary advance product is available to existing salaried customers whose salary has been credited to ADIB for at least the last three months. Customers can check their eligibility to apply for ‘Yusr’ through the mobile app.
