Dubai Islamic Bank (DIB) announced today that it has been named the “Best Islamic Bank” in the UAE for 2010 by Global Finance magazine. Marking the third consecutive year that DIB has received this international award, this latest accolade underscores DIB’s leadership position in the UAE’s growing Islamic finance sector.
This award caps a string of industry accolades for DIB so far in 2010, following the 34 awards won by the bank in 2008 and 24 accolades in 2009.
Global Finance magazine’s annual award winners are selected by a jury of the magazine’s editors, following extensive consultations with bankers, corporate finance executives and analysts across the world. Additional criteria include growth in assets, profitability and product innovation, as well as opinions of equity analysts, banking consultants and other industry participants.
“We are delighted to have been named ‘Best Islamic Bank’ in the UAE for the third consecutive year by Global Finance,” said Abdulla Al Hamli, Chief Executive Officer, Dubai Islamic Bank. “Backed by a 35-year track record of success and committed to product innovation and service excellence, Dubai Islamic Bank continues to set new benchmarks in the UAE and the world at large.”
Al Hamli continued: “At a time when the global economy is entering a period of recovery, we will maintain our focus on meeting the needs of our more than 900,000 customers across the UAE. We are grateful to Global Finance for recognising our sustained efforts in that regard.”
DIB continues to be recognised by its peers for the excellence of its operations and innovative nature of its Sharia-compliant products and services. Most recently, the bank was named “Best Islamic Bank in the UAE” by Asiamoney, “Best Islamic Bank in the UAE” for the fifth consecutive year by Islamic Finance News, as well as “Best Investment Bank” by emeafinance.
Global Finance is a monthly magazine with a mission to help corporate leaders, bankers and investors chart the course of global business and finance. Headquartered in New York, the magazine offers analysis, articles and awards that are the heritage of 22 years of experience in international financial markets and provides a valuable source of data on 192 countries.