Abu Dhabi, 20 June 2022: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been recognised as the Best Islamic Bank by Financial Times' monthly publication, The Banker , entrenching the bank's position as an industry leader reshaping the future of
Islamic banking. The award recognises leaders in the banking sector who have kept pace with the increasing sophistication and demands of Islamic banking customers around the world.
The global award recognises leading Islamic institutions over the past 12 months, each of which has shown innovation and growth in a maturing market. This recognition comes as ADIB continues to push its digital transformation strategy and is a testament to ADIB's innovative products and Sharia compliant business model which provides the right banking solutions for its customers, with a deep understanding of their needs and ambitions, their lives, and plans. Over 70% of ADIB's customers are using digital channels with 99% of transaction are taking place through digital. As an industry leader in digital innovation, ADIB also launched several ground-breaking initiatives that tap on emerging technologies such as blockchain and artificial intelligence.
Mr. Nasser Al Awadhi, ADIB Group CEO, said: “We are honoured that Banker has chosen to recognize us as Best Bank Islamic bank once again. It is milestones like this that fuel ADIB's pursuit of excellence and our unremitting commitment to our customers. This award is a clear testament to the success of our customer-centric approach, digital transformation, and the hard work and dedication of all our employees. We strive to be the world's most innovative Islamic bank and today, we are proud to say that we are well on our way towards that goal."
As a leading Islamic bank, ADIB has been relentlessly working on adopting innovative ideas and products to create value for all its stakeholders. ADIB has received many awards, accolades and recognition for its progress and performance in the Islamic banking sector, most recently it was awarded as 'Best Islamic Digital Bank' and 'Innovator in Islamic Finance' awards by Global Finance.
The Banker magazine is the world's premier source of data and analysis for the banking and financial sectors. Read in over 180 countries around the world, it possesses a unique database of more than 5000 banks, mapping their financial strength and stability across capital ratios, profitability, and performance against the peer group.