Banks participating in the initiative to forgive citizens’ debts confirm their keenness to embody the vision of the wise leadership
ABU DHABI, 29 November / WAM / The heads and officials of banks and banks participating in the initiative organized by the Troubled Debts Remediation Fund to relieve 1,435 citizens of their debts affirmed the keenness of their institutions to contribute to embodying the vision of the wise leadership in facilitating the affairs of citizens, providing them with the necessities of a decent life, and supporting national initiatives that enhance stability and social well-being throughout the Emirates.
Alaa Erekat, CEO of Abu Dhabi Commercial Bank Group, said: “Based on our firm commitment to social responsibility, and in line with the vision of our wise leadership, Abu Dhabi Commercial Bank Group continues to support national initiatives that enhance social and economic stability, most notably the Troubled Debt Remediation Fund for Citizens. Renewing our commitment to this lofty initiative confirms our role in supporting families with limited income, in keeping with the spirit of the Year of Society and anticipating the Year of the Family, to ensure a positive and sustainable impact that benefits On individuals and society as a whole.
For his part, Hisham Abdullah Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group, and Chairman of the Board of Directors of Emirates Islamic Bank, said: “As we celebrate the 54th anniversary of the Federation of the United Arab Emirates, Emirates NBD and Emirates Islamic Bank are proud of the path of the United Arab Emirates, full of achievements, and its legacy of unity, progress and prosperity drawn up by a wise, ambitious leadership that looks forward to the future. And based on our being one of the leading national banks in the country, we affirm Our commitment to supporting the vision of our wise leadership, the commitment to empowering citizens, promoting peace and happiness among members of society, and contributing to building a future based on innovation and sustainability that reflects the ambition and wisdom that shaped the features of our beloved country.”
In turn, Hana Al Rostamani, CEO of First Abu Dhabi Bank Group, said: “Based on our firm commitment to supporting the stability of Emirati society and providing the opportunity for its people to continue their contribution in serving their country and society, we continue to participate in national efforts aimed at alleviating the financial burdens on citizens, and contributing to the Troubled Debt Remediation Fund initiative. This participation reflects the spirit of social responsibility at First Abu Dhabi Bank through its adoption of humanitarian initiatives that keep pace with the vision of the wise leadership and support the process of sustainable development.”
Mr. Mohamed Abdel Bari, CEO of Abu Dhabi Islamic Bank Group, said: “Abu Dhabi Islamic Bank is proud to contribute to the Troubled Debt Remediation Fund Initiative for the year 2025, confirming our role in social responsibility and enhancing financial and social stability in the country and our commitment to the principles of ethical financing, which are based on justice and solidarity and embodying the values of tolerance and compassion established by the wise leadership. We confirm our continued cooperation with the Fund in implementing these lofty initiatives that embody the leadership’s directives and make the citizen’s well-being and happiness a priority. “maximum.”
Ahmed Abdel-Al, CEO of Mashreq Group, expressed his pride in participating in supporting the Citizens’ Debt Remediation Fund initiative, stressing that this support reflects Mashreq’s commitment to contributing to enhancing the financial stability of society. He said that the initiative represents a model of the UAE’s sustainable humanitarian solutions, and highlights its continued keenness to empower its people and help them build a more stable future.
He stressed that Mashreq continues its close cooperation with the Fund and is keen to fulfill its national role in supporting citizens and enabling them to overcome financial challenges, noting that these efforts reflect Mashreq’s vision based on serving the community and promoting the values of solidarity that distinguish the UAE.
Raheel Ahmed, CEO of RAKBANK, said: “We are always honored to support the Presidential Office initiative, inspired by the wise vision and sound leadership of our national leadership, which aims to help Emirati citizens face their financial challenges and settle their obligations. We at RAKBANK are committed to continuing to work side by side with the Ministry and our clients to contribute to alleviating their debt burdens. We believe that this partnership is not only of great value, but is also evidence of our commitment.” We aim to enhance happiness and improve the quality of life for UAE citizens, and we look forward to strengthening and developing this cooperation in the coming years.”
For his part, His Excellency Mohammed Abdullah, CEO of Sharjah Islamic Bank, expressed his pride in the bank’s continued support for the Citizens’ Troubled Debt Remediation Fund initiative, which reflects the established humanitarian approach of the UAE under the leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and His Highness’s tireless efforts to enhance social and economic stability and provide a decent life for the people of the country.
His Excellency stressed that this initiative comes this year in a special national context with the “Year of Society 2025” under the slogan “Hand in Hand,” which reflects the vision of the wise leadership in enhancing societal cohesion and consolidating the values of cooperation and shared responsibility between individuals and institutions. He said that the bank’s contribution to the initiative is an actual translation of this slogan, and evidence that banking can be an influential engine in serving society and supporting its cohesion.
He pointed out that Sharjah Islamic Bank, based on the directives of the Board of Directors and its commitment to its social responsibility, places this initiative among its annual priorities, believing that supporting distressed groups is not just financial participation, but rather a national and humanitarian message that contributes to building a cohesive society, and comes as a complement to the financial awareness efforts that the bank is working on continuously to encourage sound financial behavior and avoid falling into default in the future.
His Excellency added that standing by citizens in such circumstances embodies the values established by the late founding father Sheikh Zayed bin Sultan Al Nahyan, may God have mercy on him, and reflects the vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to make serving people a fundamental goal and a national duty for institutions operating in the emirate.
He stressed that Sharjah Islamic Bank will continue its national and humanitarian role and work “hand in hand” with partners in the government and banking sectors, to enhance the concept of community partnership, consolidate the values of giving that distinguish the United Arab Emirates, and contribute to building a more cohesive and stable society.
Dr. said. Adnan Chilwan, CEO of Dubai Islamic Group: “Strengthening the national financial system requires continuous alignment of public policies with the banking sector. Our cooperation with the Troubled Debt Remediation Fund embodies this joint commitment that reflects the keenness of both sides, which today enters its eighth year, to enhance financial stability, support disciplined credit practices, and enable large-scale economic participation.”
He added: “At Dubai Islamic, we focus on sustainable flexibility and work to build a solid financial environment characterized by transparency, sound behavior and sustainable trust, and by contributing to providing regulated and responsible solutions to reduce debt. We are confident that these efforts and initiatives will contribute to developing a stronger and more balanced market in the UAE.”
He added: “As the UAE continues to advance the country’s economic agenda, the importance of integrating effective political strategies with principled banking practices is growing at the same time. Through this ongoing cooperation, we confirm our vital role in supporting a financial system capable of achieving stability, providing opportunities, and continuing momentum.”
The United Arab Bank affirmed: “As the United Arab Emirates celebrates the 54th Union Day, and in line with our desire to participate in the initiative of the Fund to Remedy Troubled Debts for Citizens, we are pleased to confirm the continuation of our endeavor to contribute to overcoming the challenges faced by some citizens in order to achieve social development, reduce their living burdens, and support them in securing a decent living.”
He added: “Our contribution this year comes through canceling the debts of a number of UAE national clients, to reflect our belief and commitment to participate in various government initiatives aimed at supporting and assisting the citizens of the United Arab Emirates. We are working in coordination with the Fund and the Central Bank of the United Arab Emirates to make this noble initiative a success, out of our belief that the banking sector has a role in social responsibility and in promoting stability and sustainability in the country.”
Fouad Mohamed, CEO of the Arab Investment Bank, said: “We at the Bank are always committed to supporting various initiatives aimed at raising the standard of living and ensuring a decent life for citizens. Through close cooperation with the Troubled Debt Treatment Fund for the eighth year in a row, we seek to achieve long-term positive impacts that benefit society by providing financial solutions that contribute to alleviating the challenges faced by citizens with limited income.”
For his part, Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, said: “Commercial Bank of Dubai affirms its firm commitment to supporting the social and economic well-being of all segments of society in the United Arab Emirates. We are proud to support government initiatives aimed at consolidating and enhancing the meanings of happiness and improving the quality of life for the citizens of the country, especially during this period in which the world continues to face many challenges. This initiative gains special importance as it coincides with the country’s celebrations of the 54th Union Day, as we seize this occasion to reaffirm Our commitment to the UAE community and we look forward to contributing to the country’s development process and supporting the achievement of its vision of being one of the happiest countries in the world.”
Mustafa Al-Khalafawy, CEO of Ajman Bank, said: “We are proud to participate in the Citizens’ Troubled Debts Remediation Fund initiative, which is a pioneering national initiative that embodies the keenness of our wise leadership to support the people of the nation, ease the financial burdens on families facing circumstances beyond their control, and enable them to restore their financial balance and move towards a more stable future.”
He added: “The bank’s contribution to relieving a group of citizens from distressed debt comes in line with our role as a national institution committed to supporting society, enhancing the quality of life, and contributing to building a safer, fairer, and more sustainable financial environment.”
At Ajman Bank, we believe that cooperation between government agencies and financial institutions constitutes an advanced model for joint national action, and reflects the system of values on which the UAE was founded in caring for and empowering people and providing opportunities that help them overcome challenges and achieve a stable and dignified life.”
Arif Al Bastaki, CEO of Amlak Finance, stressed: “Amlak, through its annual participation in the fund’s initiatives, is keen to provide exemptions and financial support to facilitate citizens’ obligations. Through this ongoing cooperation, the company confirms its commitment to playing its national and humanitarian role, in line with the state’s vision of supporting citizens and providing the necessary ingredients for a stable and prosperous life, and ensuring the continuation of these influential initiatives in bringing about long-term positive changes that contribute to the advancement of Emirati society and its sustainable growth.”
Rola Abu Menna, CEO of Standard Chartered in the United Arab Emirates, the Middle East and Pakistan, said: “Our support for this initiative, for the sixth year in a row, represents an extension of the vision of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, in strengthening family ties and consolidating the foundations of social stability. For more than sixty-five years, Standard Chartered has accompanied the development process in the United Arab Emirates, and has contributed during these decades to supporting national efforts.” Aiming to build a cohesive and prosperous society. Today, we continue our commitment to working with our national partners to support initiatives that contribute to addressing economic and social challenges, enhance community well-being and provide real value to families throughout the country.”
Mr. Adnan Al Awadhi, CEO of the National Bank of Umm Al Quwain, said: “We are keen to provide the best banking experience and support customers and society through many initiatives that consolidate our position as a responsible financial institution that seeks to achieve value and growth for all stakeholders. Our commitment to supporting the initiatives of the Troubled Debt Remediation Fund comes from our belief in the importance of solidarity and cooperation between various entities and institutions in order to consolidate social well-being and support national initiatives that focus on ensuring a decent life for the citizens of the UAE.”
He added: “In the Year of Community in the UAE, National Bank of Umm Al Quwain launched many initiatives aimed at enhancing social cohesion, a sense of belonging and shared responsibility. We place social responsibility at the top of our priorities in order to achieve our vision of being the bank of first choice for our customers, providing them with innovative banking solutions built on foundations of trust, integrity and credibility.”
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