Abu Dhabi Islamic Bank (2013)

Bank Profile

Street: Al Najda Road

City: Abu Dhabi Country: United Arab Emirates

P.O. Box: 313 Zip Code:

Phone: (+971 2) 6343000 Fax: (+971 2) 6342222

Swift Code:

Website: http://www.adib.co.ae Email: customerservice@adib.co.ae

Legal Status: Public limited company Licensed As: Commercial Bank

Regulatory Agency: Central bank Stock Exchange:

Rater Name: Long Term Rating:

Rater URL: Short Term Rating:

Date of Starting: 01/06/1997 Financial Year: Gregorian

# of Branches: 0 # of Employess: 0

Operation Language: Reporting Currency: Thousands Utd. Arab Emir. Dirham,

AED

Authorizad Captial: 0 Subscribed Captial: 0

Paid-up Captial: 2,364,706

External Auditor:

Bank Membership: AAOIFI - Accounting & Auditing Organization for Islamic Financial Institutions
CIBAFI - General Council for Islamic Banks and Financial Institutions
IFSB - Islamic Financial Services Board
Bank Status: Active Status Date:

Status Description:

Bank History:

Growth Rate Years (2013,2008)

Total Equity Total Deposits Total Investment Total Assets Total Revenues

18.25 15.05 10.37 15.05 12.34

Bank Subsidiaries

Subsidary Name Country Nature of business Bank's ownership percentage URL

Shari'ah Supervision

Shari'ah Supervision type: Shari'ah Committee / Board

Name Position Nationality

Mohamed Taqi Othmani (Shaikh) Chairman Pakistan

Abdul Sattar Abu Ghuddah (Shaikh Dr.) Vice Chairman Jordan

Jassem Ali Shamsi (Dr.) Member United Arab Emirates

Nedham Yacouby (Shaikh) Member Bahrain

Name Position Nationality

Mohamed Ali Elgari (Dr.) Member Saudi Arabia

Main Shareholders

Name Share % Nationality URL

Board of Directors

Name Position Nationality

Jawaan Awaidha Suhail Al Khaili Chairman United Arab Emirates

Khaled Abdullah Neamat Khouri Vice Chairman United Arab Emirates

Khamis Mohammad Buharoon Member United Arab Emirates

Juma Khamis Al Khaili Member Qatar

Ragheed Najeeb Shanti Member United Arab Emirates

Abdulla bin Aqueeda Al Muhairi (Mr. ) Member United Arab Emirates

Sami Ali AL Amri (Dr.) Member United Arab Emirates

Management

Name Position Nationality

Tirad Mahmoud Chief Executive Officer United Arab Emirates

S Sarup (Mr.) Head of Retail Banking United Kingdom

Banking Operations & Services

Banking Service Investment Fin. & Safe Operations Management of Mutual Funds

Social Services

Other Operations

Assets (Thousands Utd. Arab Emir. Dirham, AED)

1- Cash in vaults 1,596,784.00

2-Cash with central bank 20,623,947.00

3-Balances with banks and other institutions 3,086,369.00

4-Cash equivalents NA

5-Subtotal: Cash & Its Equivalents 25,307,100.00

6-Qard Hasan NA

7-Murabaha & deferred sales 31,636,369.00

8-Leasing and hire purchase 34,725,293.00

9-Mudarabah 2,066,644.00

10-Musharakah NA

11-Salam NA

12-Istisna 206,858.00
13-Other 179,876.00

14-Less provisions 3,490,790.00

15-Subtotal: Islamic Modes of Finance 65,324,250.00

16-Investment in companies, funds, shares 1,026,980.00

17-Investment in bonds, bills, securities 5,892,395.00

18-Investment in properties & real estate 1,118,661.00

19-Other NA

20-Less provisions NA

21-Subtotal: Investment Portfolio 8,038,036.00

22-Prepaid expenses & other receivables(Net) NA

23-Total Investments 73,362,286.00

24-Fixed assets net of depreciation 1,420,558.00

25-Other assets ( NES ) 3,070,542.00

26-TOTAL ASSETS 103,160,486.00

Liabilities (Thousands Utd. Arab Emir. Dirham, AED)

27-Current & saving accounts NOT sharing in profit 20,920,478.00

28-Mudarabah investment accounts 54,327,154.00
29-Mudarabah saving accounts NA

30-Other 276,073.00

31-Sub Total: Customers’ Funds 75,523,705.00

32-Due to banks & other financial institutions

6,226,864.00

33-Due to subsidiaries, holding or associated companies NA

34-Margins, LCs & accounts payable 644,458.00
35-Due to employees, contractors & suppliers 284,184.00
36-Sub Total: Due to Other Creditors 7,155,506.00

37-Profit / Dividend payable 128,350.00

38-Provision for taxes & zakah NA

39-Other liabilities ( NES ) 7,279,033.00

40-Sub Total: Total Liabilities 90,086,594.00

41-Share capital 2,364,706.00

42-Reserves (statutory, legal, general, etc.) 9,908,533.00

43-Retained earnings 744,466.00

44-Subtotal: Total Shareholders’ Equity 13,017,705.00

45-Minority interests 56,187.00

46-TOTAL LIABILITIES/MINORITY INTEREST &

OWNERS’ EQUITY 103,160,486.00

Contra Accont & Funds (Thousands Utd. Arab Emir. Dirham, AED)

47-Letters of credit 2,467,324.00

48-Letters of guarantee 9,190,144.00

49-Bank acceptances NA

50-Other 954,549.00

51-TOTAL CONTRA ACCOUNTS 12,612,017.00

52-Funds managed on fee basis NA

53-TOTAL OFF BALANCE SHEET ITEMS 12,612,017.00

Geographical Distribution of Assets & (Thousands Utd. Arab Emir. Dirham, AED)
Liabilities

Region Assets Liabilities

G.C.C. 72,814,794.00 NA

Middle East (Other than G.C.C.) 3,351,856.00 NA

Asia NA NA

Africa NA NA

Europe 597,226.00 NA

North America NA NA

Other 2,572,526.00 NA

Maturity of Assets & Liabilities (Thousands Utd. Arab Emir. Dirham, AED)

Period Assets Liabilities

Up to 3 months 23,642,453.00 76,328,192.00

3 to 6 months NA NA

6 months to 1 year 20,972,573.00 6,631,923.00

1 to 3 years NA NA

Over 3 years 34,104,376.00 7,126,479.00

Unspecified 20,422,529.00 NA

Sectorial Financing (Thousands Utd. Arab Emir. Dirham, AED)

Sector
Consumer durables 35,237,751.00

Agriculture NA

Manufacturing 11,451,827.00

Trading NA

Transportation NA

Real Estate & construction 5,779,281.00

Banks & financial institutions 8,717,091.00

Services NA

Others 18,150,452.00

Profit / Loss Accounts (Thousands Utd. Arab Emir. Dirham, AED)

54-Income from financing & investments activities 3,926,876.00

55-Paid to depositors (investment accounts) 633,221.00

56-Net Operating Income 3,293,655.00

57-Fee for funds managed on fee basis NA

58-Fees & commissions for banking services 570,186.00

59-Net income from foreign exchange dealings 46,207.00

60-Profit from subsidiary & associated companies 16,495.00

61-All other income ( NES ) 4,782.00

62-Total Non Operating Income 637,670.00

63-Total Income 3,931,325.00

64-Staff costs 1,023,737.00

65-General & administrative expenses 346,162.00

66-Depreciation 133,771.00

67-Directors, committees, auditors, & legal expenses 78,244.00

68-All other expenses ( NES ) 100,767.00

69-Total Operating Expenses 1,700,681.00

70-Provisions 780,398.00

71-Total Expenses & Provisions 2,481,079.00

72-Profit Before Taxes & Zakah 1,450,246.00

73-Taxes & levies NA

75-Profit After Taxes & Zakah 1,450,246.00

74-Zakah & charitable contributions NA

76-Paid to minority interests NA

77-Net Profit For The Year 1,450,246.00

78-Extraordinary adjustments NA

79-TOTAL DISTRIBUTABLE PROFIT 1,450,246.00

80-Average number of shares 2,364,706.00

81-Earnings per share 0.47 (In Utd. Arab Emir. Dirham, AED)

Ratios

Category Name Value

Asset Quality

Investement Risk Reserves / Total 4.8

Investement
Investment Risk Provisions / Revenues from 88.9
Financing and Investment Activities
Capital Adequacy

Equity / Total Assets 12.6

Equity / Total Investments 17.7

Equity / Total Liabilities 14.5

Performance

Net Revenue Margin 5.4

Category Name Value
Earning Power ( Assets Turnover ) 3.8

Fee Income / Assets 0.6

Return on Assets (ROA) 1.4

Return on Equity (ROE) 11.1

Dividend Pay-Out 8.9

Recurring Earning Power 2.2

Earning Per Share 61.3

Liquidity

Interbank Ratio 49.6

Total Investments / Total Assets 71.1

Total Investments / Customer and Short 89.7

Term Fund
Liquid Assets Ratio (Liquid assets to total 30.2
assets)
Liquidity Cushion Ratio (Liquid assets to 37.7
Short term Liabilities)
Operational Efficiency

Deployment Ratio 82.9

Cost to Income Ratio 63.1