It took Abu Dhabi Commercial Bank just three weeks to finalize the structure and documentation for its innovative Shariah-compliant overdraft facility for Abu Dhabi Investment House (ADIH). The product structure, which ADCB conceived in conjunction with Islamic finance advisory house Dar Al Istithmar, is based on a Mudarabah relationship between the client and the bank, whereby the client is able to borrow money to meet any shortfall in its current or projected needs.
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