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Middle EastMay 4 2009

Bright vision in a gloomy climate

Abu Dhabi's second Islamic bank was launched almost a year ago, just before the global financial crisis hit the Middle East. Despite this Al Hilal Bank continues to expand. Writer Mike Imeson
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Bright vision in a gloomy climate

Anyone who thinks that Islamic banking is backward-looking and lacking in innovation should drop in to Al Hilal Bank's flagship mall branch in Abu Dhabi's Corniche.

The large premises are laid out with individual 'shops' catering to the financial needs of different customer segments - children, youths, women, home-buyers, tourists buying air tickets, car-buyers, high-net-worth individuals, small businesses and more.

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