"Abu Dhabi Islamic" It integrates the wage protection system into its digital platforms
ABU DHABI, 3rd June, 2017 (WAM) – Today, Abu Dhabi Islamic Bank announced the launch of a digital service that allows individual employers to register and disburse employee salaries directly through the Abu Dhabi Islamic Bank mobile banking application, while business and corporate banking customers can carry out these operations via the online banking application.
The service was developed in cooperation with Etihad Payments Company and the Ministry of Human Resources and Emiratisation, to ensure full compliance with all approved regulatory requirements and controls.
By integrating the wage protection system, employers can now retrieve and verify employee data, review and approve salary information, as well as prepare reports on paid and unpaid salaries, clarifying the required justifications in accordance with the approved regulatory frameworks. The service also allows verifying employee data within the country, enhancing levels of transparency, auditing, and efficiency of regulatory reports.
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