Abu Dhabi, 16 May 2013: A group of Executive Masters students specializing in Islamic finance from Dauphine University in Paris visited Abu Dhabi Islamic Bank (ADIB) last week, engaging in a lively discussion about the future of Islamic banking with executives from the bank.
The group of 21 students inquired about ADIB's growth in recent years into the world's fourth-largest Islamic bank by assets, and the bank's growing appeal, including non-Muslims. The discussion then focused on the role of banks in the global financial crisis, and whether Islamic banks can lead the way in promoting better ethics in finance, and even in encouraging a more equitable model for economic development.
"We want to inspire future generations to adopt a new way of thinking about the banking sector, with a much stronger emphasis on ethics," noted ADIB CEO, Tirad Al-Mahmoud. " We believe that banks inspired by an ethical business model such ours will eventually be more profitable and beneficial to shareholders, depositors and customers in the medium and long terms,' Tirad added.
Dauphine University's Executive Master of Islamic Finance teaches students the concept and techniques of Islamic finance, including the structuring of products according to Islamic values and ethics.
Kader Meerbouh, head of the programme, said the visit to Abu Dhabi gave students first-hand experience of how Islamic banking is developing.
"It's invaluable for our students because we are talking to real practitioners in Islamic finance, not just about what they are doing now, but also to discover how they see the world developing in the coming years," Meerbouh said.
Established in 1959 in France, Dauphine University is a leading institution on the research and study of Organisation and Decision Sciences. Known for its academic excellence and close ties with the business world, Dauphine effectively prepares its students for their professional futures as leaders, executives, scholars and entrepreneurs.
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About ADIB:
Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Emiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, on 18th April 1999.
ADIB's vision is to be a top-tier, global Islamic financial services group and its mission is to provide Islamic financial solutions to the global community.
The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari'a principles.
ADIB's core values, reflected in all its activities are: Simple and Sensible; Transparent; Mutual Benefit; Hospitality and Tolerance; and Shari'a inspired. It brings to its customers banking as it should be.
About Dauphine University:
Dauphine University was inaugurated in 1959 in Paris, France. It is specialized in the Organization and Decision Sciences. The university's mission is to educate future generations of executives, entrepreneurs, leaders and scholars to be both experts in their fields and socially responsible, cultured, open-minded members of the community. It has an internationally esteemed and award-winning faculty.
Dauphine is respected for academic excellence and recognized for the quality of research in the organization and decision sciences. Close ties to the business world ensure that Dauphine students are prepared for their professional future and that the university's programs and curriculum keep pace with an ever-evolving economic landscape.
In 2009, Dauphine became the first French university to obtain the EQUIS accreditation from the European Foundation for Management Development, in recognition of our academic excellence and committed global perspective. Equal opportunity and diversity are a top priority for recruiting students, faculty and staff.
For media information, please visit www.adib.ae or contact:
Mai Shoeib
Brunswick Group
Mobile: +971 50 6005663
Email: mshoeib@brunswickgroup.com
Lamia Hariz
Corporate Communications & PR
Mobile: +971 50 6164191
Email: lamia.hariz@adib.ae
© Press Release 2013
