ADIB is Abu Dhabi's flagship Islamic bank. Murabaha working capital, Wakala profit credits, Ghina prize savings — the statement carries them all. Kashfbank tags each so the freelance return reads clean.
Convert your ADIB statementAbu Dhabi Islamic Bank serves a strong base of UAE national customers and Sharia-conscious SMEs and freelancers, with a particular foothold in Abu Dhabi's government employee community. The bank accepts UAE freelance permit holders and sole traders for Sharia-compliant accounts. Murabaha working capital lines appear on the statement as monthly instalments, making cash flow planning predictable.
UAE corporate tax of 9% applies on net profit above AED 375,000, and ADIB statements are accepted by the FTA as income evidence. No personal income tax applies. The bilingual Arabic-English PDF works equally well for an English-first accountant or an Arabic-first tax agent.
ADIB issues a bilingual PDF in AED with DD/MM/YYYY dates. Columns are transaction date, value date, description (bilingual), debit, credit, balance. The Islamic product type — Murabaha, Wakala, Takaful — appears in the description field. Monthly and year-to-date summary rows sit at the bottom of each statement; these are not transactions and generic OCR can misread them as such. Kashfbank skips the summary rows so they do not double-count.
Client receipts come through SWIFT, Payoneer, Wise, or local UAEFTS rails as ONLINE TRANSFER entries. Quarterly Wakala profit credits look similar in amount to a salary credit — Kashfbank separates them so freelance income totals stay clean. Ghina prize savings transfers show as GHINA ACCOUNT debits or credits depending on direction; these are savings movements, not business cash flow.
Pull every inbound client transfer with original currency, Murabaha financing instalments, Wakala profit credits, Takaful premium debits, Ghina movements separately, and POS spend. UAE corporate tax above AED 375,000 net profit requires deposit-level reconciliation, not estimates.
Bilingual Arabic-English PDF. AED denominated. Dates DD/MM/YYYY. Monthly and year-to-date summaries included. Columns: transaction date, value date, description (bilingual), debit, credit, balance. Islamic product type (Murabaha, Wakala, Takaful) referenced in description field. IBAN, account type, and statement period prominent in header.
| Label | Meaning |
|---|---|
| POS PURCHASE | Sharia-compliant card payment at merchant |
| ATM CASH | ATM cash withdrawal |
| SALARY CREDIT | WPS salary deposit |
| MURABAHA FINANCE | Murabaha product instalment deduction |
| WAKALA PROFIT | Profit from Wakala investment deposit |
UAE freelance permit holders are subject to 9% corporate tax on profits above AED 375,000 (since June 2023); statements must distinguish service income from personal transfers to calculate taxable profit.
Pull the ADIB statement for your tax period
Open ADIB Mobile and download the PDF covering your full freelance permit year or VAT quarter. Save the file and upload it to Kashfbank. Keep the original — the FTA requires seven-year retention.
Confirm AED base and account type
Check the header for the account type. AED is the base currency on retail accounts. Bilingual description rows are read independently by Kashfbank — both Arabic and English are preserved.
Tag the Islamic finance and savings rows correctly
Murabaha is financing, Wakala profit is investment income, Takaful is insurance expense, Ghina is savings transfer. Kashfbank applies the tags so the freelance revenue total stays clean.
Export to Zoho Books
Download the CSV. Zoho Books UAE VAT edition imports it directly. Your accountant maps Murabaha, Wakala, and Takaful lines to an Islamic-finance section of the chart of accounts on import.
Common challenges
Does Kashfbank read ADIB's bilingual statement correctly?
Yes. ADIB prints Arabic and English on the same transaction row, which doubles description width. Generic OCR can merge the two into a single field. Kashfbank parses each language independently so neither descriptor is lost. The export is a single row per transaction.
Wakala profit credits look similar in amount to my freelance income deposits. How does the export separate them?
Wakala profit credits print with a specific descriptor — WAKALA PROFIT — and arrive quarterly. Kashfbank tags them as investment income, not service revenue. The freelance revenue total stays clean, and the Wakala profit is reported separately under UAE CT.
How does the export handle Ghina prize savings movements?
Ghina is ADIB's prize savings product. Transfers in and out appear as GHINA ACCOUNT debits or credits. Kashfbank tags them as savings transfers, not business cash flow. They do not count as freelance income or expense.
My ADIB statement has a year-to-date summary row at the end. Does Kashfbank include it as a transaction?
No. Year-to-date and monthly summary rows are aggregate totals, not transactions. Generic OCR can misread them as transaction lines, which double-counts. Kashfbank skips the summary rows so the export contains only real transactions.
Detailed guide
Step-by-step guide to converting Abu Dhabi Islamic Bank (ADIB) statements
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English