Abu Dhabi Islamic Bank (ADIB) has taken a major step in shaping the future of financial services by rolling out Open Finance, becoming the first Islamic bank to implement this initiative in the UAE. The launch forms part of ADIB’s Vision 2035 and marks an important milestone in the country’s Open Finance journey under AlTareq, the Central Bank of the UAE’s Open Finance initiative.
ADIB is among the first banks in the UAE to introduce Open Finance, highlighting its commitment to enhancing customer experience through innovation, strong partnerships, and seamless digital banking solutions. The initiative unlocks new opportunities for customers to access and manage their financial services while supporting the Central Bank’s 2023–2026 strategy to advance the national digital financial ecosystem.
Open Finance gives customers greater visibility and control over their financial data. It enables access to a broader range of services, supports more informed financial decision-making, and delivers integrated digital experiences across the banking sector.
Commenting on the development, Mohamed Abdelbary, Group Chief Executive Officer of ADIB, said that the bank is proud to be among the first Islamic banks to adopt Open Finance and to contribute to the Central Bank’s vision of a more customer-centric, transparent, and innovative financial ecosystem. He added that Open Finance is not only a regulatory milestone but also a strategic opportunity to enhance the value ADIB delivers to its customers and partners, in line with the bank’s ambition to become the most trusted and digitally enabled Islamic bank in the region.
The first phase of the Open Finance rollout has been successfully completed, covering all regulatory and technical requirements. Financial transactions are now being processed through secure, Central Bank–certified API frameworks, ensuring the highest standards of security and compliance.
The UAE recently reached another milestone in its digital transformation with the launch of the Nebras framework, which allows licensed financial institutions to deploy Open Finance solutions in a secure and regulated manner. This development positions the UAE alongside global leaders such as the United Kingdom and Singapore in building advanced, data-driven financial ecosystems.
Looking ahead, ADIB plans to continue expanding Open Finance–enabled customer journeys to strengthen financial transparency, improve customer decision-making, and deliver a seamless digital experience across accounts, products, and institutions.