Party island adopted by rabbi, bizarrely (5)

I believe the answer is:

ibiza

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'party island' is the definition.
'ibiza' can be an answer for 'island' (Spanish island). I am not sure about the 'party' bit.

'adopted by rabbi bizarrely' is the wordplay.
'adopted by' indicates a hidden word.
'IBIZA' is hidden within 'rabbi bizarrely'.

Can you help me to learn more?

(Other definitions for ibiza that I've seen before include "One of matching pair" , "holiday destination" , "Westermost of Balearic Islands, popular for holidays" , "Island in the Balearics" , "Mediterranean location" .)

I've seen this clue in The Telegraph.

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