Dubai, UAE: IFZA, Dubai’s most dynamic free zone community, recently signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, to provide seamless support and innovative financial solutions to businesses within the IFZA ecosystem. The partnership reinforces a shared commitment of both companies to provide quick and convenient access to digital banking services and financial solutions, support entrepreneurs and foster economic growth in the UAE.

The MoU was signed during a ceremony held at the IFZA premises, attended by Jochen Knecht, CEO of IFZA and Amit Malhotra, Global Head of Retail Banking at ADIB. Under the agreement, companies incorporated within the IFZA ecosystem will gain access to ADIB’s banking services, including streamlined account opening processes, exclusive financing options, and personalized advisory support enabling them to thrive in UAE’s dynamic business environment.

Through this partnership, trade license holders within the IFZA will have access to ADIB's diverse range of business banking products and services. This includes a wide selection of business accounts packed with great features and benefits, as well as a complete suite of bespoke digital banking solutions that have been tailored to meet the unique needs of SMEs. By tapping into ADIB's banking solutions, IFZA is reinforcing its commitment to becoming a one-stop solution for global entrepreneurs and investors.

Commenting on the partnership, IFZA CEO Jochen Knecht, said, “At IFZA, we have always focused on creating a supportive environment for businesses to grow. Our partnership with ADIB aligns with this vision of providing businesses with comprehensive financial solutions that meet the evolving needs of our partners and reflects our commitment to unlocking new opportunities for IFZA licensees. With this partnership, we aim to create a seamless ecosystem that supports entrepreneurs and investors in achieving their business goals.”

Commenting on the MoU, Amit Malhotra, Global Head of Retail Banking, commented: “At ADIB, we are committed to supporting the UAE’s entrepreneurial ecosystem by offering innovative and Sharia-compliant financial solutions tailored to the needs of businesses. This partnership with IFZA underscores our dedication to simplifying banking processes and empowering businesses with the tools they need to thrive. By combining our expertise in Islamic banking with IFZA’s dynamic Free Zone community, we aim to foster economic growth and create value for entrepreneurs and investors in the UAE.”

The partnership aims to streamline business processes for IFZA license holders by accelerating account setup and simplifying documentation requirements. It also offers customised financing solutions tailored to the unique needs of businesses, supported by dedicated teams providing strategic insights to navigate the financial landscape effectively.

As the UAE continues to attract global investors and entrepreneurs, such partnerships play a critical role in strengthening the country’s position as a leading business destination. By combining IFZA’s robust Free Zone infrastructure with ADIB’s financial expertise, the collaboration aims to provide businesses with the tools they need to grow and succeed.

About IFZA

IFZA is the most dynamic and truly international Free Zone Community in the UAE, optimising the country's strategic location, world-class infrastructure, and business-friendly environment. IFZA differentiates itself through its multi-national approach, providing personalised business establishment solutions through its network of Government Authorities and Professional Partners.

Business Owners and Employees can also benefit from a wide spectrum of value-added services within the IFZA ecosystem, including but not limited to property solutions, visa packages and training and development. The IFZA Business Park offers a wide variety of cutting-edge office facilities tailored to meet each Licensee’s individual needs and provides a professional, welcoming environment to greet clients, network with other businesses and thrive.

About ADIB

ADIB is a leading bank in the UAE with AED 223 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day.

ADIB provides Retail, Corporate, Business, Private Banking and Wealth Management Solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).

ADIB has a strong presence in five strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Qatar, and Iraq.

Named World’s Best Islamic Bank by The Financial Times - The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Emirates airlines, Etihad and Etisalat and a wide range of financing products.