Takka, the innovative Sharia-compliant consumer financing solution by ADI-Consumer Finance, the consumer finance arm of Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt), is celebrating its first anniversary, marking over one million app downloads in a year of remarkable success in transforming the Egyptian consumer lending landscape. Since Takka’s launch in June 2023, 250,000 users applied for consumer financing via the app. Takka is Egypt’s first Sharia-compliant consumer financing app linked to a prepaid card. “ADI-Consumer Finance has achieved a tangible market breakthrough, playing a definitive role in advancing ADIB-Egypt’s overarching goal of expanding financial freedom,” stated Amr Sanad, Chairman of ADI-Consumer Finance. Established in October 2021, ADI-Consumer Finance continues to be at the vanguard of digitizing Sharia-compliant consumer finance.

Source: Daily News Egypt July 21, 2024 20:15 UTC