ADIB is Abu Dhabi's flagship Islamic bank. Murabaha margins are not interest. Wakala profits are investment income. Takaful is insurance. The export keeps each in its right ledger bucket.
Convert for tax prepThe UAE has no personal income tax, so individuals filing on personal income do not need a statement-driven return. The work sits at the entity level: 9% corporate tax on profit above AED 375,000 since June 2023, and 5% VAT since January 2018 for businesses above the AED 375,000 annual revenue registration threshold. Islamic finance products carry specific UAE VAT and CT treatment that conventional banks do not.
ADIB serves Abu Dhabi-based SMEs, UAE national businesses, and Muslim expat ventures. The bilingual Arabic-English PDF is FTA-ready, but the description field carries Islamic product terminology — Murabaha, Wakala, Takaful, Ghina — that conventional accounting tools do not classify out of the box. Kashfbank pre-tags these lines so they post to the correct ledger account.
Murabaha is a cost-plus sale. The Murabaha margin is not treated as interest for VAT but may still be a taxable supply depending on the structure of the underlying product. Wakala profits are profit-share returns on customer funds invested by the bank — for CT, these are investment income, not trading revenue. Takaful premiums are Islamic insurance contributions — life and certain cooperative forms are VAT-exempt, while general Takaful (motor, property, marine) may be standard-rated.
Ghina is ADIB's prize-savings account; movements in and out are savings transfers, not business cash flow. Year-to-date summary rows at the foot of the statement are aggregate totals, not transactions — Kashfbank skips them so they do not double-count in the revenue total.
Pull a clean revenue figure for CT, every input-VAT supplier debit, every output-VAT remittance, Murabaha financing instalments, Wakala profit credits, Takaful premium debits, and Ghina savings transfers separately. Each lands in a different section of the FTA return.
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 corporate tax (9% above AED 375K, effective June 2023) requires businesses to reconcile bank deposits against revenue figures; statements are the primary source for revenue verification by the FTA.
Download the ADIB statement covering your tax period
From ADIB Mobile, request the statement covering your full CT period or VAT quarter. Save the PDF and upload it to Kashfbank. Keep the PDF for the FTA's seven-year retention window.
Confirm AED base and account type
Check the header — AED is the base currency on retail accounts. ADIB's bilingual layout is read by Kashfbank with both languages preserved. Year-to-date summary rows at the foot are skipped from the transaction count.
Map Islamic finance lines to the right ledger
Murabaha is financing. Wakala profit is investment income. Takaful is insurance. Ghina is savings transfer. Kashfbank applies the tags so the tax agent just confirms the map.
Export and hand to your tax agent
Download the CSV. Zoho Books UAE VAT edition imports it directly. Your tax agent maps Islamic finance lines to a dedicated section of the chart of accounts. Keep the original PDF for the FTA's seven-year retention window.
Common challenges
Is the Murabaha margin treated as interest under UAE VAT?
No. Murabaha is a cost-plus sale rather than a loan. The Murabaha margin is not interest for VAT, but it may still be a taxable supply depending on the underlying product structure. Check the specific Murabaha product with your tax agent. Kashfbank tags the row so the agent knows where to look.
Do Wakala profit credits count as trading revenue for UAE CT?
No. Wakala profits are investment income, not trading revenue. They book to a separate line on the CT return. Kashfbank tags WAKALA PROFIT credits as investment income, not service revenue, so the trading-revenue total stays clean.
Are Takaful premiums VAT-exempt under UAE law?
Life Takaful and certain cooperative forms are VAT-exempt. General Takaful — motor, property, marine — may be standard-rated. The treatment depends on the specific Takaful product. Kashfbank tags TAKAFUL PREMIUM debits so your tax agent can apply the correct VAT classification.
My ADIB statement has year-to-date summary rows. Does the export include them?
No. Year-to-date and monthly summary rows are aggregate totals, not transactions. Generic OCR can misread them as transaction lines, which double-counts revenue. 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
Freelancers
Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.
Loan Applications
Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.
Mortgage Applications
Prepare 6–12 months of verified, structured bank statement data for mortgage underwriting — covering down payment seasoning, income stability, and GCC real estate requirements.
Upload PDF, get Excel in seconds
Try it free10 free credits on signup
Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English