Cairo – Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt ) announced the signing of a strategic partnership agreement with “Al-Tawkeel.com”, the integrated digital platform for car services in Egypt, with the aim of developing the digital car financing system and providing a smooth and integrated financing experience for customers within the journey of buying new cars through a unified platform.

This partnership aims to accelerate the pace of digital transformation in the automotive sector in Egypt, by integrating banking finance services directly into the car buying experience, enabling customers to access faster, more transparent and efficient financing solutions, while reducing the traditional procedures associated with obtaining financing.

Through this collaboration, Abu Dhabi Islamic Bank - Egypt (ADIB-Egypt ) will provide integrated car financing solutions to customers of the "Tawkeel.com" platform.

This collaboration offers a diverse range of flexible financing plans to suit various customer segments, allowing customers to compare financing options and choose the most suitable repayment plan based on their financial capacity and personal needs. This is all part of a comprehensive digital experience that begins with car selection and ends with financing completion. In this context, Ali Ashmawy, Head of Products at Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt ), said: “This partnership represents a strategic step in our commitment to strengthening ADIB-Egypt’s leadership, as the bank with the largest auto financing portfolio, in providing advanced digital banking solutions based on innovation and efficiency. Through this collaboration, we are working to provide a comprehensive auto financing experience with global standards, combining speed, flexibility, and transparency. This will enhance the value of the services offered to our customers and support the growth of the consumer finance sector in the Egyptian market.”

Ali Shaaban, founder of the “Tawkeel.com” platform, added: “At (Tawkeel.com), we are working to redefine the car buying experience in Egypt by building an integrated digital system that puts the customer at the heart of the process. Our partnership with Abu Dhabi Islamic Bank-Egypt represents a pivotal step towards providing a smart and seamless financing experience that enables the user to complete all stages of buying a car – from selection to financing – through one platform, with complete transparency and ease.”

Abu Dhabi Islamic Bank - Egypt (ADIB-Egypt ) continues to focus on providing an Islamic financing experience based on full transparency in presenting costs and structuring installments, along with simplifying procedures and increasing the efficiency and speed of service, which enhances the customer experience in the car financing sector.

This partnership also reflects the bank’s commitment to expanding its digital services and enhancing cooperation with specialized technology platforms, which supports the development of the financial sector in Egypt and promotes access to modern and more efficient financing solutions.

For its part, the “Tawkeel.com” platform continues to build an integrated system for buying new cars, including financing and insurance within a single digital experience, enabling the user to complete all steps of owning a car easily and clearly through a unified platform.

This collaboration comes within a shared vision aimed at developing the automotive market in Egypt, raising levels of transparency and efficiency, and presenting a modern model based on integration between the banking sector and digital platforms.

With this partnership, Abu Dhabi Islamic Bank - Egypt (ADIB-Egypt ) and Altawkeel.com are establishing a new standard in digital car financing in the Egyptian market, based on innovation, accessibility and an integrated user experience.

About Abu Dhabi Islamic Bank - Egypt (ADIB-Egypt )

Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt ) is a leading banking institution in the Egyptian market, offering a comprehensive range of Sharia-compliant financial services and solutions for individuals and businesses. The bank is committed to providing innovative banking solutions driven by digital transformation, focusing on enhancing the customer experience through more efficient, user-friendly, and transparent services that meet evolving customer needs and support financial inclusion in Egypt.

About "Al-Tawkeel.com"

Altawkeel.com is the first fully integrated digital platform for buying new cars in Egypt. It offers a technology-driven buying experience that allows customers to explore, compare, and select new cars, as well as complete financing and insurance procedures, all through a single, unified platform. The platform aims to reshape the Egyptian automotive market by providing a seamless and transparent digital experience that integrates various car ownership services into a single system. Through its partnerships with leading institutions in the finance and insurance sectors, the platform enables users to complete the entire car buying journey easily and clearly, from car selection to delivery, thus enhancing market efficiency and increasing transparency.

For more information:

www.eltawkeel.com

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