Dubai Islamic Bank wins two awards at Banker Middle East Product Awards 2012

Dubai Islamic Bank (DIB) announced today that it has won two awards at the Banker Middle East Product Awards 2012 hosted by CPI Financial in Dubai on March 27, 2012. The bank won the awards for the ‘Best Distance Banking Service’ and ‘Best Structured Product’ categories.

DIB was recognised in the ‘Best Distance Banking Service’ for its Electronic Banking Services, which is available through a range of platforms such as the new Al Islami Online Banking and The Al Islami Mobile service.

The Bank also received the award for ‘Best Structured Product’ for its Islamic Certificate Linked to the DBLCI (Deutsche Bank Liquid Commodities) Apex Index. The Sharia-compliant certificate offers investors an opportunity to invest in commodity markets while benefiting from diversification across investment strategies.

The winners of the Banker Middle East Product Awards 2012 were selected by registered users of all CPI Financial products in an online vote which lasted for up to four weeks. Historically, the awards have been judged by more than 10,000 unique voters making this event the most widely known and credible in the banking sector.

Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer & Wholesale Banking, DIB, said: “The role of Dubai Islamic Bank as the pioneer and leader in the fast growing Islamic finance sector has once again been recognised. These awards are a testimony to not just the bank’s expertise in the field, but also its achievements in creating the right products for its customers.”

Musabbah Al Qaizi – Head of Electronic Banking Services, DIB said: “Dubai Islamic Bank has always strived to meet its customers’ requirements in the best possible manner using the latest technology to good advantage. These awards come as recognition for our efforts to give our best to our customers, and will go a long way in enhancing the trust of our customers and partners in DIB as a leading Islamic bank.”