Abu Dhabi has the world's first mortgage certificate

Dubai – «Life»


53 minutes on August 26, 2018
– Last updated
August 26, 2018 / 19:50

The Abu Dhabi Islamic Bank (ADIB) and the Abu Dhabi Islamic Bank (ADIB) have opened the world's first digital mortgage certificate following the success of the integrated and integrated digital transformation project of the Urban Development and Municipalities Department.

The chairman of the Technology Committee in the Department of Spatial Planning and Municipalities Saif Qubaisi "the importance of this step, which is the issue of the first digital mortgage deed in the world in the province of Abu Dhabi", stating "the willingness of the municipality to to bring about the digital transformation in a growing and systematic form "," Officially (WAM) today (Sunday).

"The issuance of this certificate places the UAE on the front row without any dispute, as the first country in the world to offer integrated digital mortgage services," pointing out that despite the sensitivity of this service, the municipality provided an integrated basis for security and operational security "Make the highest levels of reliability and security for this service".

The head of the land and real estate sector in the municipality, Issa Mansouri, said that "the municipality has digitally strengthened the mortgage system with a system of security, transparency, confidentiality and security, using the best protection program that to ensure the confidentiality of information and privacy and to ensure that it does not occur in one hand or another party ». .

"To date, the municipality has recruited six banks and financial institutions to join the digital mortgage system as partners and service providers: Mashreqbank, Abu Dhabi First Bank, Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, Abu Dhabi Finance Company and Dubai Islamic Bank, "he said. Banks and financial institutions to register in this platform and cooperation and integration with the municipality to "serve the community and promote the development of trade and economy, and to strengthen the status of Abu Dhabi's financial center, particularly in terms of activation and pushing of the real estate market. "

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