• The Abu Dhabi Islamic Securities Company application provides easy access to Abu Dhabi Securities Exchange services through integrated APIs.
• The new platform enhances the process of obtaining the National Investor Number and facilitates access to trading accounts in the Abu Dhabi Securities Exchange

Abu Dhabi, UAE – Abu Dhabi Securities Exchange (ADX), one of the world’s fastest growing financial markets, today announced the signing of a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Securities (ADIB), the brokerage arm of Abu Dhabi Islamic Bank (ADIB) and the UAE’s leading Islamic brokerage firm, to enhance collaboration in developing a new digital platform to onboard new investors and improve investor experience. The new platform will integrate APIs to create a unique National Investor Number ( NIN ) and open a trading account directly through ADIB Securities’ online and mobile applications, providing individual investors with easy access to listed companies and investment tools on ADX.

This strategic partnership aims to enhance the investor experience by making the registration process easier and more efficient, using a secure digital platform. The new platform will integrate the process of obtaining the National Investor Number ( NIN ) and directly accessing the trading account APIs via the ADIB Securities mobile app and digital platform, eliminating the need to print, sign and email documents.

Commenting on the signing of the MoU, Abdulla Salem Al Nuaimi, Group Chief Executive Officer of ADX, said: “We are pleased to partner with ADX on this innovative initiative, which is fully in line with our ongoing commitment to Abu Dhabi’s digital transformation strategy and our keenness to facilitate investors’ access to investment opportunities at ADX. The number of new individual investors at ADX increased by 7% in the first nine months of 2024 compared to the same period last year, bringing the total number of investors at the market to 1.1 million by the end of September 2024. This growth reflects the growing demand and interest of regional and international investors to access ADX. As an open market, ADX continues to work closely with its brokerage community and partners to provide our investors with the necessary tools and financial knowledge to achieve their investment goals.”

Mohamed Abdel Bari, Acting Group CEO of ADIB, said: “We are proud to collaborate with ADX on this important partnership, which marks a milestone in our journey and confirms our mutual commitment to promoting digital transformation in the financial sector. The MoU also reflects our shared vision to facilitate smooth and efficient business operations for our clients, enabling them to invest with greater ease and confidence. ADIB Securities continues to leverage advanced technology to enhance the client experience and simplify services. The launch of the new digital registration platform is a tangible demonstration of our commitment to facilitating the investment experience and enabling individuals to embark on their financial journeys with confidence. This initiative supports our tireless efforts to provide innovative and secure solutions that meet the changing needs of our clients and keep pace with all market trends.”

ADIB continues to develop its digital offerings across all its business units, while ADIB Securities continues to enhance its services using innovative digital solutions. This focus on digital transformation has resulted in an increasing number of active customers on digital platforms, with 80 % of the bank’s customers currently interacting with these platforms.

Meanwhile, ADX continues to explore partnership opportunities with prominent regional and international entities to enhance its digital capabilities, including an ongoing partnership with ICE Global Network of Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology and infrastructure, with which the exchange entered into a partnership in November 2023 to provide global institutional investors with direct access to the market.

About Abu Dhabi Securities Market

Abu Dhabi Securities Exchange was established on November 15 , 2000 under Local Law No. ( 3 ) of 2000. Under this law, the market enjoys a legal personality, financial and administrative independence, and the regulatory and executive powers necessary to exercise its duties. On March 17 , 2020 , Abu Dhabi Securities Exchange was transformed from a public institution to a public joint stock company pursuant to Law No. ( 8 ) of 2020. Abu Dhabi Securities Exchange is a subsidiary of ADQ , one of the largest holding companies in the region, which owns a broad portfolio of major institutions operating in key sectors within the diversified economy of the Emirate of Abu Dhabi.

Abu Dhabi Securities Exchange is a market for trading securities. Including shares issued by public joint stock companies, bonds issued by governments or companies, exchange-traded funds and any other financial instruments approved by the UAE Securities and Commodities Authority. Abu Dhabi Securities Exchange is the second largest market in the Arab region and its strategy to provide stable financial performance with diversified sources of income is in line with the guiding principles of the UAE Agenda "Preparing for the Next 50". The National Plan outlines the strategic development plan for the United Arab Emirates, which aims to build a vibrant, sustainable and diversified economy that contributes positively to the transition to a new global model of sustainable development.

About Abu Dhabi Islamic Bank:

Abu Dhabi Islamic Bank is one of the leading banks in the UAE with assets of AED 213 billion, offering world-class online and mobile banking services, providing customers with seamless digital access to their accounts 24 hours a day.

Abu Dhabi Islamic Bank offers solutions for individuals, corporates, businessmen, private banking and wealth management. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange ( ADX).

Abu Dhabi Islamic Bank has a strong presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Qatar, and Iraq.

ADIB has been voted the World’s Best Islamic Bank by the Financial Times – The Banker, with a proven track record of innovation, including the award-winning Ghina savings account, award-winning co-branded cards with Emirates, Etihad and Etisalat and a wide range of financing products.

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