Wallets/al-hilal-bank
Al Hilal Bank
0 standards supported
Key details
- Launch: 2023
Overview
Al Hilal Bank is UAE Islamic commercial bank + Abu Dhabi Commercial Bank ADCB ADX: ADCB UAE parent ~100%+ controlling post-May 1 2019 consolidation + relaunched 2023 as UAE digital-first Islamic commercial bank + founded Jun 18 2008 in Abu Dhabi UAE by Abu Dhabi Investment Council ADIC then 2019 ADCB acquisition + 2023 digital-first relaunch 1, United Arab Emirates report.
History
Jun 18 2008 — Al Hilal Bank PJSC founded in Abu Dhabi UAE by Abu Dhabi Investment Council ADIC UAE Abu Dhabi government sovereign wealth fund as Abu Dhabi government-aligned Islamic commercial bank.
May 1 2019 — Abu Dhabi Commercial Bank ADCB consolidates Al Hilal Bank as part of ADCB + Union National Bank UNB + Al Hilal Bank ~$13.7B three-way merger consolidating into Abu Dhabi Investment Council ADIC banking holding distinctive UAE Islamic banking consolidation.
2023 — Al Hilal Bank digital-first relaunch as UAE digital-first Islamic commercial bank distinctive UAE Islamic banking modernisation.
Ownership & operator
Operating entity: Al Hilal Bank PJSC (UAE Islamic commercial bank).
Major shareholders: Abu Dhabi Commercial Bank ADCB (ADX: ADCB; UAE parent) ~100%+ controlling post-May 1 2019 consolidation.
Regulators: Central Bank of UAE CBUAE.
Technical integration
Al Hilal Mobile app (iOS + Android) + alhilalbank.ae online + Al Hilal Bank digital-first retail Islamic commercial banking + limited UAE branch network + Al Hilal Visa + Mastercard cards (Islamic-compliant); EMVCo QRCPS QR payments + Aani UAE national instant payments + AED Emirati Dirham domestic transfers.
Implementations & partners
Parent group: Abu Dhabi Commercial Bank (ADCB) (Abu Dhabi Commercial Bank ADCB; ADX: ADCB; UAE commercial bank; one of UAE's largest commercial banks by assets).
Major UAE banking + payments competitors: First Abu Dhabi Bank (First Abu Dhabi Bank FAB; ADX: FAB) + Emirates NBD (ENBD X) (Emirates NBD Bank; DFM: EMIRATESNBD) + Mashreq NEO + NEOPAY (UAE) (Mashreq Bank; DFM: MASB) + Dubai Islamic Bank (DIB) (Dubai Islamic Bank DIB; DFM: DIB; UAE's largest Islamic commercial bank by assets + world's first Islamic commercial bank) + Abu Dhabi Islamic Bank (ADIB) (Abu Dhabi Islamic Bank ADIB; ADX: ADIB) + Emirates Islamic Bank / EI+ (Emirates Islamic Bank EI; DFM: EIB) + Sharjah Islamic Bank (SIB) (Sharjah Islamic Bank SIB; ADX: SIB) + Ajman Bank (Ajman Bank; DFM: AJMANBANK).
Regulators: Central Bank of UAE CBUAE.
Status
Active, UAE Islamic commercial bank + Abu Dhabi Commercial Bank ADCB ADX:ADCB UAE parent ~100%+ controlling post-May 1 2019 consolidation + relaunched 2023 as UAE digital-first Islamic commercial bank + founded Jun 18 2008 in Abu Dhabi UAE by Abu Dhabi Investment Council ADIC then 2019 ADCB acquisition + 2023 digital-first relaunch 1, 2.
Sources
- 1 Al Hilal — official
- 2 Al Hilal — Wikipedia
- United Arab Emirates report In-corpus:
reports/countries/AE-united-arab-emirates.md
Source
Biography extracted from al-hilal-bank.md. See matrix.md for standards-support matrix if present.