DIB named ‘Best Islamic Bank’ by Asiamoney Magazine
• Award reinforces Dubai Islamic Bank’s longstanding position as Sharia-compliant bank of choice in the UAE
• DIB’s 14th award win in 2010
April 26, 2010: As further testimony of its position as Sharia-compliant bank of choice in the UAE, Dubai Islamic Bank (DIB) announced today that it has been named “Best Islamic Bank in the UAE” by Asiamoney magazine, the sister publication of Euromoney.
Asiamoney magazine’s annual Best Bank awards highlight banks that stand out for their commitment to quality, customer satisfaction, innovation and reliability. “Best Islamic Banks in Asia” and “Best Islamic Banks in the Gulf” are categories that have only been added this year.
“We are extremely pleased to announce that once again, Dubai Islamic Bank has been named ‘Best Islamic Bank in the UAE’ by its international peers,” said Abdulla Al Hamli, Chief Executive Officer, DIB. “As the world’s first Islamic bank, DIB consistently sets industry standards by offering innovative and relevant products and services, all within the guidelines of Sharia. We are confident that in this year, following the impact of the global financial crisis, DIB will continue to strengthen its own leadership position in the Islamic banking industry.”
DIB continues to be recognised by its peers for the excellence of its operations and innovative nature of its Sharia-compliant products and services. Most recently, the bank was named “Best Islamic Bank in the UAE” for the fifth consecutive year by Islamic Finance News, as well as “Best Investment Bank” by emeafinance.
Asiamoney magazine, the Asian-based, capital markets focused sister publication of Euromoney, provides leading reporting and analysis of the financial and investment markets for capital issuers, borrowers, and institutional investors with business interest in the Asia Pacific countries. Its awards are a result of extensive research and analysis’ of financial institutions practicing Islamic finance in Asia and the Gulf states over the past 12 months.