Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, was named ‘Best Islamic Bank’ in the Middle East region for the second year running at the Banker Middle East Industry Awards 2011. ADIB was also nominated as ‘Fastest Growing Bank in the UAE’ by the awards jury.
Thousands of Banker ME readers voted online to place ADIB No. 1 in the region among Islamic Banks while the Banker ME Awards jury nominated ADIB for ‘Fastest Growing Bank in the UAE’ after examining its performance across five categories - assets, liabilities, income, net attributable and return on assets. ADIB was assessed on the percentage change in terms of growth.
Accepting the award, Tirad Mahmoud, CEO of ADIB, said: “It is an honour to be named ‘Best Islamic Bank’ in the Middle East and the fastest growing bank in the UAE at this well respected and widely acclaimed awards ceremony. These awards demonstrate public and peer recognition of ADIB’s high quality services levels, growing bouquet of products and aggressive customer acquisition and retention strategies. With this, we add another to the long list of 14 industry awards we have won since the beginning of 2010. The win is a result of the efforts and commitment of our people towards making us the best. This recognition will help build our market leadership and motivate our people.”
The Banker Middle East Industry Awards established in 2000 are widely recognized as the most prestigious event in the region’s banking calendar and they provide the benchmark for successful financial institutions.