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Maples Group Selected to Support ADIB Leasing and Finance Opportunities Fund

21 Nov 2023

The Maples Group has been selected by ADIB Capital Limited (regulated by the DFSA), a wholly owned subsidiary of Abu Dhabi Islamic Bank PJSC, to provide comprehensive fund administration services to its newly launched ADIB Leasing and Finance Opportunities Fund (the “Fund.”) The Fund is a Sharia-compliant, closed-ended fund that concentrates on equipment leasing and financial transactions across a variety of sectors in the US. The Fund may also have limited exposure to other developed markets, including Canada, the EU and the UK. 

ADIB Capital chose the Maples Group because of its wide array of service capabilities, exceptional reputation, and deep and dominant presence in the region, including in the Dubai International Financial Centre (“DIFC”), the special economic zone in the emirate where both the Fund is based and the Maples Group’s Dubai presence is located. 

“We at ADIB Capital look forward to collaborating with Maples Group as the fund continues to develop,” says ADIB Capital Senior Executive Officer Tony Hchaime. “Maples has a solid history of fund administration that will help us to grow and flourish during this exciting time for the firm.”  

The Fund, a DIFC Qualified Investor Fund, employs an asset-backed investment strategy target that provides a stable monthly income and has maintained a relatively low correlation to traditional asset classes. “We at Maples are privileged that ADIB Capital selected us to provide fund administration services for its newly launched Fund,” says Fred Tabbal, Regional Head of Fund Services – Middle East, Maples Group. “ADIB Capital is a known leader in Islamic finance in the region and backed by one of the largest Islamic banks by assets globally. We are confident that our partnership will help the group fulfil its ambitious mandates.” 

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