Abu Dhabi Islamic Bank (ADIB) has recently unveiled its innovative digital platform, ADIB Business Souq, designed to revolutionize the way small and medium-sized enterprises (SMEs) conduct their business operations in the United Arab Emirates (UAE). This all-in-one B2B marketplace is poised to significantly reduce the cost of doing business for SMEs by providing an extensive array of exclusive offers and discounts.
The Digital Marketplace:
ADIB Business Souq is an online ecosystem tailored to meet the diverse needs of SMEs, acting as a one-stop platform connecting businesses with essential services such as accounting, HR, consultancy, and IT. The platform’s digital accessibility ensures that SMEs can effortlessly access a range of services critical to their operations.
Key Features:
- Exclusive Offers and Discounts:
- The platform offers a broad spectrum of exclusive offers and discounts from various businesses in the UAE.
- SMEs can explore these offers by logging in through their UAE mobile number, name, and OTP.
- Seamless Request Process:
- Users can select desired offers, fill out a request form, and expect partner brands to respond within 48 working hours.
- Notifications via email and SMS keep users informed about the progress of their requests.
- Efficient Communication with Partner Brands:
- After raising a request, users can anticipate a call from partner brands to discuss requirements and finalize pricing after applying discounts.
- A confirmation email from partner brands notifies users when their offers become active.
- Instant ADIB Account Opening:
- New SME customers can open an ADIB account instantly through a fully automated process, enhancing accessibility for businesses joining the platform.
- Ready Community of Suppliers:
- ADIB Business Souq provides a ready community of suppliers, facilitating connections and collaborations among SMEs.
Impact on SMEs:
Amit Malhotra, the Global Head of Retail Banking at ADIB, emphasized the transformative potential of ADIB Business Souq for SMEs in the UAE. The platform’s ability to digitally connect businesses with essential services is expected to streamline operations, reduce costs, and foster a more collaborative business environment.
ADIB’s launch of the ADIB Business Souq marks a significant leap forward in supporting the growth and sustainability of SMEs in the UAE. By providing a user-friendly, digital platform with exclusive offers and discounts, ADIB is not only addressing the immediate needs of SMEs but also contributing to the overall economic development of the region. As the platform continues to evolve with new services and offers, it is poised to become a cornerstone for SMEs looking to thrive in the dynamic business landscape of the UAE.
