WAM Abu Dhabi, July 15th, 2012 (WAM) - Abu Dhabi Retirement Pensions '&' Benefits Funds announced today that it had signed a pioneering agreement with Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, to create a strategic partnership that provides exclusive products and services and a better banking experience to seniors and retirees in the Abu Dhabi national community.

As per the agreement, ADIB will launch special services, products, offerings and discounts tailored to the needs of retired and senior UAE nationals. The bank will also provide training courses aimed at educating them on all aspects of Islamic banking. Abu Dhabi Retirement Pensions '&' Benefits Funds will provide ADIB with accurate data of seniors to shorten the time needed for reaching this segment of the population with the required services.

The agreement was signed by Salem Al Qubaisi, acting Chief Executive officer of Abu Dhabi Retirement Pensions '&' Benefits Funds and Dhafer Luqman Head of Products '&' Retail International at ADIB, at their premises.

Commenting on the agreement, Trad Al-Mahmoud, CEO of ADIB said: "We are the first UAE bank to launch services customized for the needs of the seniors and to target them through specialized products. The new database of UAE national customers that we will acquire will also help us access a large number of customers and encourage them to save with us. I expect that we will set a benchmark in the way we serve this segment as we have done with women and children banking." Salem Al Qubaisi, acting CEO from Abu Dhabi Retirement Pensions '&' Benefits Funds, said: "This agreement is part of our strategy to offer customers the best services and facilities. ADIB's expanding network in the UAE was a significant factor in partnering with them for this pioneering agreement that will be implemented in two phases. The first phase will involve offering discounts and special rates to seniors through the ADIB network. The second phase will see the launch of special products for seniors and providing them with training and educational booklets." WAM/AM