Dubai’s IFZA Free Zone has partnered with Abu Dhabi Islamic Bank (ADIB) to offer innovative financial solutions to businesses in its ecosystem. The agreement, signed during a ceremony at IFZA, aims to simplify banking processes and provide tailored services to entrepreneurs and investors.

The collaboration includes streamlined account opening, customized financing, and access to ADIB’s digital banking tools. Businesses in IFZA will benefit from exclusive advisory support, helping them navigate the financial landscape more effectively.

Jochen Knecht, CEO of IFZA, emphasized the importance of creating a supportive environment for businesses. He noted that the partnership reflects IFZA’s commitment to providing comprehensive solutions for entrepreneurs.

Amit Malhotra, Global Head of Retail Banking at ADIB, highlighted the bank’s dedication to simplifying banking for businesses and fostering economic growth. He said the partnership leverages ADIB’s expertise in Islamic banking to empower the UAE’s entrepreneurial ecosystem.

This collaboration is expected to enhance the ease of doing business in the UAE, particularly as digital banking continues to grow in popularity. According to research by IDnow and YouGov, 76% of UAE residents prefer fully digital banking solutions, with higher-income groups showing even greater interest.

By combining IFZA’s infrastructure with ADIB’s financial expertise, the initiative aims to strengthen the UAE’s position as a global business hub.