Dubai Islamic Bank wins five prestigious accolades at the Banker Middle East Industry Awards 2015

Wins awards for “Best Islamic Bank”; “Best Sukuk Arranger”; “Best Islamic Retail Bank”, “Best Premium Bank - UAE” and “Best Investment Bank”

Dubai, UAE; June 2, 2015: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today that it has won a record five accolades at the Banker Middle East Industry Awards 2015. A testament to the bank’s leadership position in the region’s financial services sector, DIB was recognised as the “Best Islamic Bank”; “Best Sukuk Arranger”; “Best Islamic Retail Bank”, “Best Premium Bank - UAE” and “Best Investment Bank”. Key officials from the bank received the awards at a gala dinner held on May 27 at the Emirates Towers Hotel in Dubai.   

The Banker Middle East Industry Awards recognise the best performing financial institutions in the region across a range of categories. Organised by publisher CPI Financial on an annual basis, the winners are chosen by financial services professionals, the readers of Banker Middle East and the website’s registered user base. With thousands of votes cast each year, the BME awards are amongst the most coveted and sought after in the industry.  

“For four decades, DIB has been at the heart of the Islamic banking sector’s impressive growth and today, we are proud to be recognised for our unparalleled leadership in this space,” said Dr. Adnan Chilwan, CEO, DIB. “These awards not only reflect the market’s belief in our heritage and expertise in this fast growing segment but also acknowledge the bank’s focus on relentless innovation and commitment to its roots as a Sharia-compliant organisation.

“Winning the accolade of the “Best Islamic Bank” has a special meaning this year as we mark our 40^th anniversary whilst also delivering the best ever results in the bank’s history. Given our vast and growing retail customer base and the massive advancement and modernization witnessed not just in the bank’s product offerings but also in its service quality vis a vis the SMART BANK platform, the Best Islamic Retail Bank award further reinforces our confidence in our consumer business growth and development strategy.”    

Reflective of the bank’s commitment to this endeavour, DIB’s vast offering meets the needs of individuals, corporations and governments alike.

“Islamic Capital markets are amongst the fastest growing in the global financial sector”, added Dr. Chilwan. “DIB is globally recognized as an expert in structuring, arranging and distributing Sukuks not just in the UAE and Middle East but internationally as evidenced by the bank’s recent successes in Indonesia and Pakistan. Further, our own capital market issuances in 2015 demonstrates the bank’s appeal to a diverse set of international investors, with both issues being oversubscribed despite challenging global markets”.

Earlier this year, DIB was recognised for its retail banking services at the Banker Middle East Product Awards, where it won the accolades for “Best Islamic Card” and “Best GCC Equity Fund”. The bank’s investment banking capabilities were also singled out at the Islamic Finance News (IFN) Deals of the Year Awards 2015, where it won “Pakistan Deal of the Year”, the “Murdarbah Deal of the Year” and “Ijarah Deal of the Year”.