PHOTO
Abu Dhabi: ADIB, a leading financial institution, has won the title of World’s Best Islamic Bank’ in The Banker Magazine’s awards for Islamic banks in 2018, the highest accolade that the Financial Times-owned publication awards to Islamic banks. ADIB also won two regional awards for Islamic Bank of the Year – UAE’ and ‘Islamic Bank of the Year - Middle East’, the fourth consecutive year it has won this title.
ADIB was distinguished for the size and quality of its offering led by its innovative digital and mobile services, strong financial performance and leadership in Sharia’a-compliant banking. The Islamic finance industry has continued to grow and evolve rapidly in recent years and the award recognised ADIB for being at the global forefront of this development. The Banker awards evaluate levels of service, financial performance and other achievements across the Islamic banking industry.
Khamis Buharoon, Vice Chairman and Acting CEO of ADIB, accepted the awards on behalf of ADIB said: “Winning the Global Islamic Bank of the Year award from a publication as distinguished as The Banker magazine is a remarkable achievement for ADIB. This honour is sought after by Islamic banks around the world, so for ADIB to win is not just huge recognition for everyone within the bank, but also representative of the strength and vibrancy of the UAE’s Islamic finance sector. In the year in which we reached the one million customer milestone, and have continued to launch innovative new world-class digital banking services and compelling products, winning this award is further evidence that we are continuing to deliver an exceptional customer experience.”
ADIB has also been active across a wide range of debt finance transactions over the last 12 months, including Indonesia’s pioneering green US$1.25bn Sukuk, US$300mn club term facility for Etihad Airways, a US$75.6mn syndicated finance for Dubai Aerospace Enterprise (“DAE”) and a US$1.25bn syndicated finance for GEMS MENASA.
ADIB has received numerous awards in recent months including ‘Best Premium Banking Service in the UAE’ from Banker Middle East, and ‘Private Bank in the Middle East for Islamic Finance’ by Private Banker International. In addition, the bank was recently awarded with the ‘Best Online Banking Services’ award at Banker Middle East UAE Product Awards 2017. Earlier this year, ADIB also won a Yallacompare Award, voted on by customers, for its Sharia’a Savings Account and four awards at Islamic Finance News, including Best Islamic Private Bank, Syndicated Deal of the year, UAE Deal of the Year, and Musharkah Deal of the Year.
The Banker is the world's premier source of data and analysis for the banking and financial sectors. Read in over 180 countries around the world, it possesses a unique database of more than 5000 banks, mapping their financial strength and stability across capital ratios, profitability and performance against the peer group.
-Ends-
About ADIB
ADIB is a leading bank in the UAE with more than AED 125 billion in assets. Its 997,000 customers benefit from the third largest distribution network in the UAE with 80 branches and more than 710 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 2,000 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.
© Press Release 2018Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
