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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received the prestigious award of “Financial Institution of the Year” at the first edition of the MEED Awards. DIB was acknowledged for the bank’s consistent market leading performance during the awards ceremony which took place on November 27, 2017, at the Conrad Hotel in Dubai.
Organized by one of the leading financial publications in the UAE, the MEED Awards aim to recognize and honor the numerous companies and stakeholders that have been instrumental to the success of GCC’s growth story. The judging process involved a strict analysis of how each nominee contributed to the unprecedented growth this region has experienced.
Commenting on the awards, Dr. Adnan Chilwan, Group CEO of Dubai Islamic Bank, said, “We are honored to be recognized by MEED and the wider banking and financial services industry. This accolade confirms our position not just as the market leader across all facets of Islamic banking and finance, but also as one of the leading institutions in the regional banking sector. Receiving the Financial Institution of the Year award clearly points towards the Bank’s ability to successfully integrate the concept of Islamic banking and finance into a market dominated primarily by conventional players. Our ultimate aim at DIB is to make Islamic banking the norm across the global landscape and accolades such as these, reinforce the belief and confidence we have in the business model and its ability to serve the varied and diversified customer base across the globe.”
Reflective of DIB’s status as the leader in global Islamic finance, the bank was also recently honored at the Islamic Retail and Banking Awards, where DIB was recognized as the ‘Strongest Islamic Retail Bank’ in the UAE for the third consecutive year. These awards are a testament to DIB’s commitment towards continuously supporting the growth of the Islamic finance industry worldwide.
The bank has been a leading performer over the years with growth far outpacing the market. The upside witnessed so far has been a result of a focused enhancement of core businesses, deeper market penetration and increasing share of wallet in both wholesale and consumer segments. Today, DIB remains as one of the best positioned players to navigate the challenges in the global macroeconomic environment in pursuit of its ambitious yet carefully crafted growth agenda.
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