Dubai, UAE — Abu Dhabi Commercial Bank and its Shari’ah compliant digital banking subsidiary Al Hilal Bank have announced a partnership with Bank of London and the Middle East (BLME) to bring digital UK banking to UAE nationals and residents through Nomo.
Customers in the UAE can now open UK-based multi-currency current and savings accounts, as well as apply for UK home financing, from their smartphones using the newly launched ADCB-Nomo and Al Hilal-Nomo banking apps.
Nomo is part of BLME, a subsidiary of Boubyan Bank, one of the leading financial institutions in the Middle East. Nomo was established to bring high-quality, Shari’ah-compliant digital banking to non-UK residents in the Middle East.
Ala’a Eraiqat, ADCB Group CEO, and Al Hilal Bank Chairman, said, “The ADCB-Nomo and Al Hilal-Nomo apps will simplify international banking and unlock new financing opportunities for our customers with interests in the UK.”
The ADCB-Nomo and Al Hilal-Nomo apps will give customers the ability to spend fee-free globally in six currencies (GBP, USD, AED, EUR, KWD and SAR), send money fee-free to UK bank accounts, and save in UK-based Fixed Term Deposits in GBP and USD. Customers will also have the opportunity to get finance to help them buy properties in the UK as an investment or as a second home.
