ADIB
Abu Dhabi Islamic Bank
Is ADIB Halal?
Islamic-bank model with reported Sharia governance; generic equity ratios are conservative and methodology-dependent.
What You Should Know
ADIB's March 31, 2026 interim statements report AED 287,065.409 million of assets, AED 120,034.155 million of Murabaha financing, AED 73,774.905 million of Ijara financing and AED 1,825.085 million of profit after tax. The filing does not disclose a universal conventional-interest numerator; structured Islamic profit is not presumed riba, while generic equity screens produce a conservative receivables failure that requires bank-specific scholarly interpretation.
⚠️ Concerns
- •Generic receivables-plus-cash ratio is not designed for Islamic-bank balance sheets
- •Murabaha, Ijara, Mudaraba, Wakala, sukuk and hedging require contract-level review
- •Public disclosure does not establish a universal fatwa for every investor's school
Current quantitative Sharia screen
Based on Q1 interim financial statements figures for the period ended 2026-03-31; calculated 2026-07-14.
9,990.199 / 287,065.409
81,114.052 / 287,065.409
245,226.713 / 287,065.409
- Financial
- Fails
- Overall
- Fails
Using a conservative bank balance-sheet mapping, receivables plus cash is 85.09% of assets and exceeds the examined receivables limit; this does not by itself override ADIB's Islamic-structure qualitative assessment.
- Financial
- Fails
- Overall
- Fails
Conservative receivables plus cash is above the examined MSCI total-assets limit; bank-specific denominator limitations and product-level review remain material.
- Financial
- Pass
- Overall
- Incomplete
This conservative bank mapping exceeds the Malaysia receivables/liquidity framework; it is a calculation against SAC ratios, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Incomplete
Historical market-cap ratios are not stored and the Islamic-product income numerator is unavailable.
Business-activity disclosure
ADIB reports Islamic financing, Ijara, Murabaha, Mudaraba and sukuk activities under its Sharia governance framework. That supports a generally permissible qualitative assessment, but product-level contracts, treasury placements, derivatives, sukuk structures and customer end use are not fully captured by a public equity screen.
Limitation: Structured Islamic profit is not treated as conventional interest; an independent scholar or board-level product review is still required for a final determination.
Purification
A purification percentage is not calculated because no comparable conventional-interest numerator is disclosed and structured Islamic profit is not presumed impermissible. Consult a qualified scholar for any purification decision.
Inputs, assumptions and primary sources
- Amounts are AED millions converted from ADIB's AED thousands financial statements; Q1 revenue is AED 3.2 billion from the bank's management discussion.
- Debt uses due to financial institutions plus sukuk financing instrument; customer deposits are not treated as conventional debt because the filing describes Islamic depositor accounts.
- Receivables conservatively include Murabaha/mudaraba and Ijara financing plus other assets; this makes the limitation of generic equity screens on banks visible.
- The filing reports Islamic financing and investment income but does not isolate a methodology-neutral conventional-interest numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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