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ADIB named Best Islamic Bank in the Middle East 2016 by EMEA Finance Magazine

ADIB named Best Islamic Bank in the Middle East 2016 by EMEA Finance Magazine

05 March 2017

Abu Dhabi - Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been distinguished as the ’Best Islamic Bank in the Middle East 2016’ and the best Islamic bank in the UAE at the EMEA Finance Middle East Banking Awards. The award, which ADIB won for a sixth time, recognises ADIB’s world-class standards in its business operations, the consistent high-quality service it delivers to customers, and its focus on bringing pioneering digital banking solutions to the market. 

Launched in 2008, the EMEA Finance Banking Awards acknowledge the achievements of the best-performing commercial, investment and Islamic banks, as well as asset managers and brokers, in countries across the Middle East. Winners are chosen based on readers’ poll, inputs from industry analysts, corporate executives, financial experts and independent research.

ADIB’s Chief Executive Officer, Tirad Al Mahmoud, commented: “We are delighted that EMEA Finance Magazine, a prestigious and well-respected European-based publication, has recognised ADIB as the ‘Best Islamic Bank in the Middle East and the UAE’ for the sixth time. This underscores what has been a very successful year for ADIB. In 2016, the bank continued to successfully innovate and unveiling new products and services to meet evolving customer needs. We have had a great start to 2017 and remain focused on delivering a leading experience to our customers through an extensive branch network integrated with exceptional digital platforms.”

Over the past year, ADIB has heavily focused on innovation, introducing several new technologies that enable customers to conduct their banking transactions in a flexible, convenient and secure way. Over 90 percent of transactions at ADIB are now conducted through the bank’s digital channels. Enrolments on the bank’s mobile app increased 40% in 2016, while the volume of transactions through the app increased by over 50% with over 1 million transactions per month. In 2016, the bank also implemented a number of pioneering digital initiatives including voice activated and biometric ATMs.

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ADIB has received numerous awards in recent months including ‘Best Premium Banking Service in the UAE’ from Banker Middle East, ‘Process Innovation’ and ‘Best Islamic Financial Institution for SMEs in 2016’ by Global Finance, and ‘Private Bank in the Middle East for Islamic Finance’ by Private Banker International.

-Ends-

About ADIB
ADIB is a leading bank in the UAE with more than AED 122 billion in assets. Its 920,682 customers benefit from the third largest distribution network in the UAE with 86 branches and more than 749 ATMs. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).  

In the UAE, the Bank has more than 2,200 employees and remains one of the leading banks in the recruitment, development and promotion of local talent in all the markets in which it operates. The bank has one of the highest Emiratisation ratios with more than 40 percent of the bank’s workforce being UAE Nationals.

ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.

Named “Best Bank in the UAE” by The Financial Times’ The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products.

For media information, please visit www.adib.ae or contact:
ADIB                                                                                                       Brunswick Group
Radwa Shehab                                                                                      Mouaffak Haijar
Senior Corporate Communication Manager                                   Account Director
Direct: +971 2 6910169                                                                     Direct: +971 2 234 4600

© Press Release 2017

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