ADIB Becomes The First Islamic Bank To Launch Open Finance
Abu Dhabi Islamic Bank (ADIB) has launched Open Finance, marking a major step in its Vision 2035 roadmap. Notably, the rollout supports the future of financial services through digital innovation. At the same time, the launch reflects growing momentum in the UAE’s Open Finance journey. As a result, customers can expect more connected and flexible banking experiences.
A Key Milestone In The UAE’s Open Finance Journey
This move also aligns with AlTareq, the Central Bank of the UAE’s Open Finance Initiative. Furthermore, it represents a key milestone under the national push toward open and integrated financial ecosystems. In addition, ADIB is among the first banks in the UAE to introduce Open Finance. Therefore, the bank aims to enhance customer experience through strong partnerships and seamless digital banking.
What Open Finance Enables For Customers
Open Finance gives customers greater visibility and control over their finances. Moreover, it helps them access a wider range of services through integrated digital journeys. As a result, customers can make more informed decisions across banking products and platforms. Additionally, the initiative supports efforts to strengthen the UAE’s digital ecosystem under the central bank’s 2023–2026 strategy.
To date, the first phase has been successfully implemented, covering regulatory and technical requirements. Meanwhile, financial transactions are processed through secure, central bank-certified API frameworks. Consequently, the rollout delivers a structured foundation for future Open Finance expansion.
