ADIB Direct
“Can a Sharia-compliant UAE incumbent become the digital-first Islamic bank by embedding Open Finance and API-driven corporate transaction banking?”
Founded1997
HQAbu Dhabi, United Arab Emirates
IndustryBank / National
The story
ADIB is a UAE-incorporated Islamic bank operating retail, wholesale and corporate banking. ADIB Direct is its corporate transaction-banking channel (cash, trade, payments, FX). The strategic emphasis under Vision 2035 is digitization — Open Finance via AlTareq, digital onboarding, and an API developer portal for corporate clients.
Product timeline
2024
Published Open Finance terms aligned with CBUAE Open Finance Regulations.· banking
2026
Became first Islamic bank in the UAE to implement Open Finance under CBUAE's AlTareq initiative.· banking
2026
Launched fully digital onboarding for home finance approvals and virtual card issuance.· banking
Regulated entities
1
regulatory licence held by ADIB Direct
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in ADIB Direct’s embedded-finance stack
Payments / PSP
ADIB Payment Gateway (self-operated)ADIB Merchant Services / ADIMAC (self-operated)Aani Ecommerce (self-operated)POS Solutions (self-operated)Mini POS (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Payroll
in the full report
Open banking
in the full report
FX & payouts
in the full report
Accounting gap: significant
21 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.