ABU DHABI (ALETIHAD)
Abu Dhabi Islamic Bank (ADIB) has strengthened its partnership with Jubail Investment Company (JIC) to support the development of Jubail Island, reinforcing its role in financing large-scale real estate projects in the UAE.
The Jubail Island project, financed by ADIB from inception through to completion, reflects the bank’s integrated approach to supporting major developments by combining corporate banking, home finance and property management services.
Building on this collaboration, ADIB and JIC have signed a Memorandum of Understanding (MoU) to enhance financial services for customers purchasing properties within Jubail Island developments.
Under the agreement, ADIB will offer a comprehensive range of Shariah-compliant financing solutions, including home finance, personal finance and tailored banking services for JIC customers.
Its property management arm, MPM Properties, will also provide property management services for the project, alongside coordinated customer engagement and joint marketing initiatives.
Mohamed Abdelbary, Group Chief Executive Officer of ADIB, said: “Our partnership with Jubail Investment Company reflects ADIB’s ability to support transformative real estate developments through a fully integrated banking model.
"By supporting this project from inception through to delivery, we have reinforced our integrated banking model combining corporate financing with home finance, banking solutions, and property management capabilities to support customers and partners across the full real estate life cycle.”
Mounir Haidar, Managing Director and Board Member for JIC, said: “Jubail Island was envisioned as more than a residential development, it is a strategic contribution to Abu Dhabi’s long-term vision of building sustainable, future-ready communities that enhance quality of life while preserving the emirate’s natural heritage.
"Our partnership with ADIB aligns visionary master planning with integrated, Shariah-compliant financial solutions. Together, we are enabling a development that supports economic diversification, attracts investment and reinforces Abu Dhabi’s position as a global destination for refined, nature-led living.”
The project spans more than 40 million square metres and is located between Yas Island and Saadiyat Island. Developed as a low-density, nature-led destination, Jubail Island features residential villages, retail and leisure facilities, as well as community infrastructure including schools, mosques and sports amenities.