ADIB adopts Open Finance with support from CBUAE's AlTareq initiative.

ADIB adopts Open Finance with support from CBUAE’s AlTareq initiative.

2026-01-21

Abu Dhabi Islamic Bank (ADIB), a key player in the Islamic financial sector, has recently introduced Open Finance, which is an integral part of its Vision 2035 strategy.

This move marks a significant milestone within the UAE’s Open Finance initiative, spearheaded by the Central Bank of the United Arab Emirates (CBUAE) under its AlTareq program. ADIB is one of the first financial institutions in the region to implement this strategy, emphasizing its dedication to enhancing customer experience through strategic partnerships and advanced digital banking solutions.

Benefits and Strategic Directions

The introduction of Open Finance by ADIB opens up new opportunities for customers to manage their financial services more effectively. Additionally, this initiative supports the CBUAE’s broader goals outlined in its 2023-2026 strategy.

Through this approach, consumers gain greater visibility and control over their finances while having access to a wider array of financial services, enabling them to make informed decisions and enjoy integrated digital experiences across the banking sector.

Currently, ADIB has successfully completed the first phase of its Open Finance launch, ensuring compliance with regulatory and technical requirements. Financial transactions are processed through secure CBUAE-certified API frameworks.

Looking ahead, ADIB plans to build on this success by expanding customer journeys enabled by Open Finance. This will aim to increase financial transparency, optimize decision-making processes for customers, and offer a simplified digital experience across various accounts and products within the banking sector.

Mohamed Abdelbary, Group Chief Executive Officer of ADIB, highlighted that ADIB is positioned as one of the pioneering Islamic banks in adopting Open Finance. By embracing this strategy, ADIB aims to contribute actively to the CBUAE’s objective of fostering a more customer-centric, transparent, and advanced financial ecosystem.

As an early adopter, ADIB views Open Finance not just as a regulatory milestone but also as a strategic opportunity to enhance its value proposition for customers and partners. This move aligns with ADIB’s broader Vision 2035 objectives, reinforcing its mission to become a trusted, digitally-enabled Islamic bank that strengthens its regional presence.