Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution group, has been named the “Best Overall Islamic Bank in the World” by Islamic Finance News (IFN). The bank also won the “Best Islamic Bank in the UAE” for the third consecutive year, and “Best Global Islamic Retail Bank”. In addition, it was awarded the ‘Mudarabah Deal of the Year’ and ‘UAE’s Deal of the Year’ after the issuance of the world’s first perpetual Tier-1 Sukuk, “Corporate Finance Deal” for its role as a lead manager and bookrunner on the Majid Al Futtaim $400 million Sukuk Transaction. ADIB also won “Syndicated Deal of the Year” for its role as a joint lead manager for the Jebel Ali Free Zone AED4.4 billion Wakalah Sukuk.
In addition, ADIB won “Best Islamic Bank in Egypt” and “Best Islamic Private Bank” through the Bank’s subsidiary, National Bank for Development in Egypt. NBD was acquired by ADIB in the last quarter of 2007. NBD is now offering a broad spectrum of Shari’a-compliant banking products and solutions for large corporate and individual accounts, along with renovating all its current branches across all governorates of Egypt competing at the highest levels in the Egyptian market.
Commenting on ADIB’s latest awards, Tirad Al-Mahmoud, CEO of ADIB said: “Winning Best Overall Islamic Bank in the World award, being named the Best Islamic Bank in the UAE for the third consecutive year, and Best Islamic Retail Bank in the UAE from such a prestigious publication means that we are dedicated to deliver superior customer service. I am extremely pleased that our effort has been recognized, I congratulate the ADIB team on this achievement and acknowledge their insightful planning, flawless execution and dedication to our Shari’a inspired values of simplicity, transparency, mutual benefit and hospitality.”
ADIB’s latest awards follows a number of other awards that the bank has recently picked up including “Best Islamic Bank in the UAE” presented by Global Finance, Gold Category in Sheikh Khalifa Excellence Award and Best Bank in Customer service for the 2nd consecutive year.
The Islamic Finance News awards are one of the leading awards in Islamic finance globally. They are based on a unique poll-based format in which nearly 3,000 votes were casted by leading practitioners and participants in the industry.