Dubai Islamic Bank shines at the Islamic Business and Finance Awards

Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, received four major accolades at the 11th Islamic Business and Finance Awards 2016, including Best Retail Bank in the UAE, Best Corporate Bank in the UAE, Best Sukuk Arranger and Best Islamic Bank.

Dr. Adnan Chilwan, Group CEO of Dubai Islamic Bank was named Islamic Banker of the Year for his pioneering efforts in and contributions towards driving the growth of the sector within the UAE and beyond. Additionally, Dar Al Sharia, a subsidiary of the Bank and a leading Islamic finance advisory and consultancy, was recognized as the best Sharia Advisory Service in the Middle East for its outstanding value added services to regional and international customers.

The awards ceremony, held at the Emirates Towers Hotel in Dubai, celebrated the achievements of top Islamic bankers, financiers and Islamic banking and finance institutions, and was attended by some 300 industry leaders and senior personnel from around the world.

Dr. Adnan Chilwan, GCEO of DIB, commented on the awards received: “We are grateful for this honor and the recognition received from the Islamic Finance industry and peers worldwide. These accolades validate our position as the market leader across all facets of Islamic banking and finance.  To be recognized as the ‘Islamic Banker of the Year’ amongst so many outstanding peers is a truly humbling experience. The sheer diversity of awards received today underscores the DIB team’s hard work, dedication and passion to help businesses and customers realize the true value of Islamic Banking and I am extremely proud and fortunate to lead such an intense, focused and innovative group of people. Our ultimate aim at DIB is to make Islamic Banking the norm within the UAE and beyond and I am confident that we are well on our way to achieving this ambitious goal.”

Now in its 11th year, the Islamic Business and Finance Awards focus on recognizing excellence in Islamic and Sharia-compliant banking and financial services. A panel of expert judges first selects a shortlist of institutions, which is followed by a 6-week voting process. The winners are declared based on the number of votes each institution receives. Awards such as Best Islamic Bank are based on financial key performance indicators and audited financial results, and Islamic Banker of the Year is based on a majority vote from the panel of judges.

DIB’s principal activities are focused on retail and business banking, corporate banking, real estate and contracting finance, investment banking and treasury. Currently present in seven markets worldwide, DIB is well-placed to continue its global expansion and maintain its leadership in transforming the Islamic finance industry.