Abu Dhabi, 01 March 2017: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has won several awards at the Islamic Finance News (IFN) Awards ceremony held in Dubai, including the Private Banking Award, as well as the Qatar Deal of the Year Award for its Ezdan Holding Group financing. Additionally, ADIB Capital in Egypt received the Mudarabah Deal of the Year for its role in marketing financing worth EGP 2 billion for the Egyptian Electricity Transmission Company.
The IFN Awards is one of the Islamic finance industry's most prestigious awards, and honours those institutions with best in-class practices. Since 2006, the organisation has been bestowing its Deals of the Year Awards to Islamic finance organizations that have conduced significant and pioneering transactions over the preceding 12 months. The winners are selected by a panel of independent experts who judge each transaction based on a set of predetermined criteria.
ADIB's Chief Executive Officer, Tirad Al Mahmoud, commented: "ADIB is honoured to be recognized by the industry for its outstanding achievements over the past year. These awards, which we have received for the bank's commitment to undertaking major, Shariah-compliant, transactions, while also providing world-class private banking services to our customers, underscore our commitment to continue to play a leading role in the Islamic finance sector."
"I would like to commend our employees for their dedication and hard-work, which has positioned ADIB as one of the region's leading Islamic banks. As we look ahead to the rest of the year, we aim to continue to innovate and deliver products and services that seamlessly integrate our vast branch and ATM networks with our online and digital platforms."
ADIB has received numerous awards recently including 'Best Premium Banking Service in the UAE' from Banker Middle East, 'Process Innovation' and 'Best Islamic Financial Institution for SMEs in 2016' by Global Finance, and 'Private Bank in the Middle East for Islamic Finance' by Private Banker International