Dubai, UAE, 7 March 2017: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has been awarded with “Best Sukuk House” at the EMEA Finance Middle East Banking Awards 2016. The ninth edition of the EMEA Finance Middle East Banking Awards took place at the Conrad Hotel in Dubai recently, and celebrated the regional banking industry’s top achievers.
Dubai Islamic Bank is an international leader in Islamic capital markets, covering a wide range of asset classes. Associated with some of the largest ever Sukuk issuances where the bank played either a lead or a joint-lead role, it is now considered locally and internationally, by sovereigns, public and private sector names alike, as a critical partner in raising funds in the Islamic capital markets space.
Dr. Adnan Chilwan, Group CEO, DIB commented on the award: “As a leading Islamic bank in the UAE, our commitment to innovation and progression of the sector remains unabated. New products and offerings, particularly those that provide access to capital across international boundaries are critical, hence sukuk and its various hybrids are expected to play a vital role in this regard. This award is a reflection of our dedication to helping drive the development of both the nation and the wider Islamic finance industry. We strongly believe that the continuous development and progression of Islamic capital markets is key to the future growth of Islamic banking and finance. In fact, as Dubai positions itself to become the global capital of Islamic economy, the Sukuk market is expected to play a massive role in supporting this agenda and bringing the required funding for other sectors such as halal food, healthcare, fashion, tourism, even art and entertainment, to prosper and grow.”
This is the 17th award DIB has been recognized for since the start of 2017, demonstrating the Bank’s commitment to continuously improve, excel and develop the Islamic finance industry worldwide.
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