Published On: Thu, Nov 20th, 2014

ADIB named Islamic Bank of the Year by IFLR

Abu Dhabi Islamic Bank ''ADIB''

Abu Dhabi Islamic Bank ”ADIB”

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has received the prestigious ‘Islamic Bank of the Year 2014’ award for the 2nd consecutive year from the International Financial Law Review (IFLR).

The award, presented recently in Dubai, comes in recognition of ADIB’s commitment to attaining excellence in the products and services it provides, and the bank’s continuous efforts to raise the standards of Islamic finance worldwide.

Additionally, ADIB has won IFLR’s ‘M&A Deal of the Year 2014’ for its recent acquisition of Barclays’ UAE retail banking assets. The transaction, which was formally completed in September, increased ADIB’s customer base in the UAE to over 700,000, who are served by a network of 85 branches, over 660 ATMs and internet and mobile platforms backed by two call centres.

Commenting on the awards, Tirad Al Mahmoud, CEO of ADIB, said, “It is important for us to be recognised for the significant work we are doing to develop the Islamic finance industry. These awards are a true testament to our achievements and commitment to excellent customer service and innovation, and they highlight the efforts we are making in particular to push out the boundaries of Islamic banking to new customer segments. We will continue to strive for industry leadership both in best-in-class services and product innovation.” The IFLR is a Euromoney publication, and is a leading source of information on legal developments for banks, financial institutions, corporations and law firms worldwide. As the only publication to focus exclusively on international finance law, IFLR’s Annual Awards are the benchmark of excellence in the field.

Source : WAM News Agency for United Arab Emirates

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