At ADCB-Islamic Banking, we understand the challenges a growing business faces, from managing its cash flow to liquidity. So we have created a range of customized Cash Management Services to streamline your day-to-day business banking. Our suite of products includes:
Account and Liquidity Management
Tailor-made Business Current/Call Accounts and Term Investment Deposits
Escrow Account Services
Sweep Arrangements
Standing Instructions
Transaction Management
Payments
Internal Account Transfers
International & Domestic Fund Transfers
Demand Drafts & Cashier’s Orders
Corporate Salary Transfers
Bulk Payment Services
Collections
Armored Car & Courier Services
Post-Dated Cheque Warehousing
Channel Management
Corporate Internet Banking
E-mail Banking
Fax Banking
ADCB-Islamic Banking Real Estate Escrow Account provides end-to-end Escrow Services including account opening, balance management, cheque collections, periodic cash flow reporting and comprehensive guidance on completion of Land Department formalities.
The service also allows project-wise and buyer-wise payments, disbursement tracking and reporting to the governing authorities.
ADCB is mandated to extend the Escrow Account Services across:
Dubai
ADCB-Islamic Banking Escrow Account Services are offered as per the Dubai Land Department and Real Estate Regulatory Authority (RERA) in accordance with Law No. 8 of 2007.
Ras Al Khaimah
ADCB-Islamic Banking offers Escrow Services to Real Estate Developments companies in Ras Al Khaimah as per the Amiri Decree No. 22 of 2008 and regulated with RAK Investment Authority (RAKIA).
Abu Dhabi
ADCB-Islamic Banking and Sorouh Real Estate PJSC have partnered in an Escrow arrangement to establish Escrow Accounts for various projects.
Key features of ADCB-Islamic Banking Escrow Account includes:
- Cheque collection
- Direct payments
- Sweep arrangements
- Online tracking and reporting
- In-house expertise on project evaluation
- Available for existing and new projects
- Simple documentation
ADCB has a wide network of more than 40 branches and 154 ATMs backed by a team of customer-focused Relationship Managers with extensive business experience, enabling them to understand your requirements and offer suitable Islamic Shari’ah Compliant business banking solutions structured to suit your needs.