Al Hilal Bank

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al hilal bank
Industry Banking
Founded June 19, 2008 as al hilal bank[1]
Headquarters Abu Dhabi, UAE
Key people

Mr. Mohamed Jamil Berro, CEO
Mr. Lim Say Cheong
Mr. Mohammed Zaqout
Mr. Sari Arar
Mr. Saif Al Dhaheri
Mr. Aladin Al Khatib

Mr. Nabil Mushahwar

Al Hilal Bank (Arabic: مصرف الهلال‎) one of the fastest growing banks in the United Arab Emirates (UAE), is a 100% government-owned Islamic bank based in Abu Dhabi with a total revenue of AED 1.8 billion and a net profit of AED 343 million as of December 2013. It employs over 800 staff members and currently provides Islamic Personal, Corporate, Treasury, Investment, and Wholesale banking services to almost 80,000 customers. Al Hilal Bank operates 22 branches[2] and over 120 ATMs across the UAE - 2 additional branches are being planned in 2014 - and 3 branches in Kazakhstan. It manages the Al Hilal GCC Equity Fund, Global Sukuk Fund, and owns the ‘Mall Branch,’ the world’s largest banking branch.


The Abu Dhabi Investment Council (ADIC), an investment arm of the Abu Dhabi Government, founded Al Hilal Bank in 2008 with an authorized capital of AED 4 billion out of which AED 1 billion was paid up. The paid up capital was at AED 2 billion as of December 31, 2010.
The bank formally opened after four months, launching its first four branches in the UAE on June 19, 2008. . It has since been the recipient of various local and international industry recognitions, including multiple honors for excellence in regional retail banking bestowed by distinguished award-giving bodies such as the Islamic Business & Finance Awards.

International Credit Rating[edit]

Al Hilal Bank was recently given an A1 rating by Moody’s Investors Service and an A+ rating by Fitch Ratings – the highest ratings awarded so far to an Islamic Bank in the UAE. Moody’s gave Al Hilal Bank an A1 rating with a stable outlook, citing the Bank’s robust franchise growth, the strength of its asset quality, advanced technology infrastructure and government support for the positive rating. Fitch Ratings extended the Bank an A+ rating and with a stable outlook as well. The agency noted Al Hilal’s improving profitability, healthy asset quality, robust reserve coverage, satisfactory capitalization and government support as key rating factors.

Al Hilal Group[edit]

Al Hilal Group comprises three adjunct Al Hilal Bank units:

Al Hilal Takaful[edit]

Al Hilal Takaful provides "Takaful" Islamic insurance products covering the Property, Liability, Engineering, Marine, Aviation, Special Lines, Motor and Medical businesses.

Takaful or Islamic insurance adopts a cooperative principle and separates between the funds and operations of shareholders. Premiums collected from policyholders are considered as donations and constitute the Takaful fund from which all claims are reimbursed. At the end of each financial year, after deduction of expenses, any remaining cash surplus will not be retained by the company or its shareholders, but returned to the policyholders in the form of cash dividends or distributions. Takaful business thus differs from conventional insurance in that the policyholders rather than the shareholders solely benefit from the profits generated from Takaful and Investment assets

Al Hilal Auto[edit]

Al Hilal Auto offers finance for automobiles under a ‘Walk In Drive Out’ program. The Al Hilal Auto unit is located within Al Hilal Bank’s Mall branch at the Corniche in Abu Dhabi.[citation needed]

Al Hilal Kazakhstan[edit]

Al Hilal Kazakhstan is the first Islamic bank in the Republic of Kazakhstan and Al Hilal’s first branch outside of the UAE with Head Office in Almaty. The two branches operate in the cities of Shymkent and Astana.

Mall Branch[edit]

Al Hilal Bank’s Mall Branch located at Al Sahel Tower in Abu Dhabi’s Corniche area is the world’s largest banking branch.[citation needed] Covering almost 4,000 square metres, the facility incorporates several aspects of the shopping mall throughout its design and offering.
The branch includes a Ladies’ Banking suite, Youth and Children’s Sections, a VIP Zone, an airline desk, a kiosk for state telecommunications firm Etisalat, the Al Hilal Auto showroom, and a coffee shop.


Some of Al Hilal Bank’s unique achievements include the integration of the advanced capabilities of the Emirates ID – the UAE’s National Identification Smartcard – to facilitate services such as the opening of new accounts and ATM transactions; the deployment of ‘eGrab,’ the world’s first emissionless mobile bank; the introduction of the world’s First ‘Qibla Locator’ Credit Card; the establishment of the UAE’s first children’s branch, Seghaar, and the development of the UAE’s first instantly-issued Visa Debit Card with personalised account number. Al Hilal Bank also conceptualized the UAE’s first thumb verification system for banking transactions; the first use of digital pens for banking transactions in the Middle East; Money Station, Middle East’s first drive-thru bank branch; and GOLD to go, the region’s first-ever in-bank gold vending machine.

Awards and Recognitions[edit]

  • Best New Islamic Bank – 2008
  • Best Customer Experience – 2008 Middle East Retail Banking Awards
  • Best Structure Banking Award in the Arab Region – 2009
  • Best Technical Arab Banking in the Arab Region – 2009 & 2010
  • Best Pan Arab Web Award - 2009
  • Best Commercial and Corporate Bank in the UAE – 2010
  • Best Retail Bank Award – 2010, 2011 & 2012
  • Best Branch Design – 2010
  • Best Improved Bank – 2010
  • Best Islamic Card Award – 2013
  • Middle East Retail Bank of the Year – 2013
  • Best Islamic Financial Pioneer of the Year – 2013
  • ‘UAE Deal of the Year’ & ‘Syndicated Deal of the Year’ for 2013 – 2014
  • Best Application in the Field of Advanced ID System-EIDA Awards - 2014
  • SKEA “Quality Appreciation Certificate”
  • ISO 9001:2008 Certification in Human Capital and Organizational Excellence
  • Payment Card Industry Data Security Standard (PCI-DSS) Certification
  • ‘Safest Islamic Bank in the UAE’ and the second in the entire GCC - Global Finance Magazine

Green Initiatives[edit]

Staying true to its slogan of 'The orange bank that thinks green,’ Al Hilal engages in various environmental initiatives. For one, it operates the world's first emissionless eco-friendly mobile bank, 'eGrab,' a 100 per cent electric powered vehicle that travels to various areas around Abu Dhabi to bring Al Hilal’s banking services closer to customers. In addition, Al Hilal Bank’s headquarters at the Al Baher Towers is an innovative piece of sustainable green design that is both culturally and environmentally appropriate. The south-facing roof of each tower incorporates photo-voltaic cells generating approximately five percent of the total required energy from renewable energy sources. A series of stretched polytetrafluoroethylene panels progressively open and close to prevent direct sunlight from striking the façade and to limit direct solar gain to a maximum of 400 watts per linear meter. Al Hilal Bank has also entered into a ‘Plant A Tree’ partnership program with Emirates Environmental Group to champion environmental causes throughout the country. Al Hilal Bank also pledged to switch off the lights in all of its branches and offices starting at 10 pm in celebration of ‘Earth Hour 2013’; it has extended this sustainability effort by continuing the practice of switching off the lights in its branches and offices after working hours. The bank’s latest green initiative is the promotion of energy-saving dark-themed computer backgrounds and screensavers via strategic websites, emailers, Facebook tabs and Twitter links in commemoration of World Environment Day.

See also[edit]


  1. ^ [1]
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