ADIB named ‘Islamic Bank of the Year’ by IFLR

22/11/2014 05:31 AST

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 awards ceremony was held recently at the Burj Al Arab hotel in Dubai. The award comes in recognition of ADIB’s commitment towards 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.


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