Dubai Islamic Bank wins ‘Credit Excellence Award’ at international industry conference

Dubai Islamic Bank (DIB) announced today that its Retail Credit Department has won the “Credit Excellence Award” at the world’s leading credit industry conference. Reflecting DIB’s overall focus on international best practice risk management, the award, offered in the “Risk Category,” was presented to the bank at a high-profile ceremony earlier this month in London. The award was received by Kazi Farook Kamal, Head of Retail Credit, DIB, on behalf of the bank. 

DIB was recognised at “CCR Interactive,” a credit, collections and risk conference held in association with the Marston Group. It is the largest conference in the global credit industry, making this a truly international award for DIB, the first Islamic bank and Middle East-based financial services institution to have received this prestigious accolade. 

“Three years after the start of the global financial crisis, the importance of risk management has never been greater,” said Abdulla Al Hamli, Chief Executive Officer, Dubai Islamic Bank. “This global award provides undisputed recognition of the excellent performance of the Retail Credit Department at Dubai Islamic Bank in implementing the very highest standard of risk management practices. 

“While I am very pleased to congratulate our Retail Credit Department for receiving this award,” he said, “I would also like to emphasise that risk cannot be managed by one department alone. Such success requires risk management to be a part of the culture of an organisation, and reflects the whole team’s commitment to prudently manage its business.” 

Al Hamli concluded: “I would therefore like to congratulate the entire team at DIB for their outstanding performance, which has now been recognised on a global platform.”