ADIB-Egypt Signs Strategic Partnership with ElTawkeel.com to Digitalize Auto Finance Ecosystem
Abu Dhabi Islamic Bank - Egypt (ADIB-Egypt) announced the signing of a strategic partnership agreement with "ElTawkeel.com," an integrated digital automotive services platform in Egypt. The collaboration aims to develop the digital auto finance ecosystem and deliver a seamless, comprehensive financing experience for customers purchasing new vehicles via a unified platform.
This partnership is designed to accelerate the pace of digital transformation within Egypt's automotive sector by embedding Sharia-compliant banking finance services directly into the vehicle purchasing journey. This integration will grant customers access to faster, more transparent, and highly efficient financing solutions while minimizing the traditional bureaucratic procedures associated with securing auto loans.
Through this cooperation, ADIB-Egypt will deliver comprehensive vehicle financing solutions to ElTawkeel.com users. The partnership provides a diverse array of flexible financing frameworks tailored to various customer segments, allowing buyers to compare financing configurations and select the most suitable repayment plan aligned with their financial capabilities and personal requirements—all within an end-to-end digital journey that spans from vehicle selection to final financing approval.
In this context, Ali Ashmawy, Head of Products Sector at ADIB-Egypt, stated: "This partnership represents a strategic step within our directive to reinforce the leadership of ADIB-Egypt—holder of the largest auto finance portfolio—in delivering advanced digital banking solutions anchored in innovation and efficiency. Through this collaboration, we are working to unlock an integrated vehicle financing experience adhering to international standards, combining speed, flexibility, and transparency. This will maximize the value of the services provided to our clients and support the structural growth of the consumer finance ecosystem within the Egyptian market."