The National Bank for Development (NBD) was founded June 1980 as a commercial bank with a goal of developing Egypt’s private sector economy by supporting start -ups and financing companies in different sectors. The bank has 70 branches in Egypt spread across 19(?) Governorates.. In the last quarter of 2007 Abu Dhabi Islamic Bank (ADIB), a bank operating in accordance with Islamic Shariaa principles and one of the first banks to promote Islamic Banking globally , acquired NBD.

NBD has since realigned the bank in a quest to offer World class Islamic Banking Products and Services to the Egyptian market , in line with ADIB's moving towards becoming a fully compliant Islamic Shari’a compliant bank capable of competing at the highest levels in the Egyptian market. NBD has already started offering a broad spectrum of Shariaa compliant banking products and solutions for large corporate as well as individuals along with renovating all its current branches across all governorates of Egypt competing at the highest levels in the Egyptian market.