ADIB taps QUALCO to enhance sharia-compliant Supply Chain Finance platform

By Gloria Methri

Abu Dhabi Islamic Bank (ADIB) has partnered with FinTech provider QUALCO to strengthen its Sharia-compliant Supply Chain Finance (SCF) offering through a digital transformation of its platform.

As part of the collaboration, ADIB has integrated QUALCO’s ProximaPlus, Tesla Radius, and Onboarding modules into its SCF platform. The new system aims to automate key processes, improve transaction transparency, and streamline operational workflows for both suppliers and buyers.

The platform supports various Islamic financing structures, ensuring flexibility while adhering to Sharia principles. This development enhances ADIB’s digital banking infrastructure and aligns with the bank’s ongoing efforts to expand its Islamic finance solutions in the region.

Commenting on the partnership, Mohammed AlFahim, Acting Global Head of Wholesale Banking at ADIB, said, “As demand for Sharia-compliant financial solutions continues to grow, ADIB remains committed to delivering innovative, ethical, and efficient services to businesses across the region. Our partnership with QUALCO is a significant step forward, allowing us to offer fully digitised banking solutions that support liquidity, drive business growth, and contribute to the advancement of Islamic finance.”

Spyros Retzekas, Group Deputy CEO at Qualco Group, added, “As Islamic finance expands, forward-thinking banks are turning to digital solutions to raise the bar on efficiency and compliance. The key challenge remains balancing Sharia integrity with operational agility, where technology plays a crucial role. Our platform powers next-generation SCF infrastructure for leading institutions across the region. Partnerships like the one with ADIB showcase how technology can position Islamic banks at the forefront of innovation in the GCC.”

The partnership underscores ADIB’s ongoing commitment to enhancing its digital services, supporting the UAE’s vision for financial innovation, and delivering Sharia-compliant solutions that meet the evolving needs of businesses in the region.