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.
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