Al Hilal Bank, a progressive Islamic bank in the UAE, has received the award for "Best Retail Bank" at the Fifth Annual Islamic Business and Finance Awards ceremony, held in Dubai and organised by CPI Financial, publisher of Islamic Business & Finance magazine.
Mr Mohamed Zaqout, Head of Personal Banking at Al Hilal Bank, received the award on behalf of the Bank. The awards winners were selected through an online vote by registered readers from a shortlist drawn up by a judging panel of international industry specialists.
Commenting on the award, Mr Zaqout said, "We are delighted to have won this prestigious award, which was voted on by industry experts and enthusiasts. It is a testimony to our continuous efforts to provide our customers with innovative products and services at the most competitive rates."
"In addition to expanding our channel network, Al Hilal Bank is currently focusing its efforts on increasing its value proposition for its customers," he added. "To this end, we are launching new Shari'ah-compliant products that are specifically designed to meet the needs of our customers of all ages and priorities."
The awards ceremony, which was held at the Jumeirah Emirates Towers hotel in Dubai, was attended by a number of distinguished experts and consultants in the Islamic finance and banking sector. A total of 30 accolades were awarded in different areas of the sector.