Abu Dhabi – MENA Herald: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been named “Islamic Bank of the Year – UAE 2016” for the second year in a row by The Banker Magazine – a Financial Times publication. ADIB was commended for its strong management, sound business model, and commitment to innovation and was also recognised as a leader of the Islamic finance industry across the region and internationally.
The Banker is well known for its authoritative bank rankings and its own global Top 1000 World Bank Rankings, which are regarded as the leading global bank rankings.
Commenting on the award, Tirad Al-Mahmoud, CEO of ADIB, said, “Winning this award says a lot about ADIB as a highly competent, resilient and progressive institution. In Retail, we continue to place great importance on attracting new clients from all sectors of the market and we are also making significant headway in winning new mandates in our wholesale banking division. We are committed to delivering an exceptional performance for our shareholders and a superior banking experience for our customers, as we continue to drive the development and growth of the Islamic banking industry locally and globally.”
ADIB won a number of distinguished awards, including ‘Best Private Bank in the Middle East for Islamic Finance’ by Private Banker International, “Best Premium Banking Service” in the UAE for 2016 from Banker Middle East, “Best Private Bank” in the UAE for 2015 by Global Finance Magazine, “Mohammed bin Rashid Al Maktoum Business Award” for the second year in a row, and “Leading Arab Islamic Bank for 2015” from the Union of Arab Banks.