Dubai Islamic Bank wins Best Sukuk Bank and UAE Country Award by Global Finance

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• Named best Islamic Bank in the UAE; best Sukuk Bank worldwide


• Accolades recognize pioneering work in Sharia-compliant banking

Dubai Islamic Bank (DIB) announced today that it has won the overall Best Sukuk Bank Award and the UAE Country Award in Global Finance’s second global “World’s Best Islamic Financial Institutions” competition.
 
The winners were chosen among entries evaluated by Global Finance editors after extensive consultations with bankers, corporate finance executives and analysts throughout the world. The jury assessed objective criteria such as growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Additional aspects included opinions of equity analysts, banking consultants and other industry experts.
 
“These prestigious accolades recognise DIB’s pioneering work in Sharia-compliant banking and underscore once more our leadership position in the Islamic financial sector,” said Abdullah Hamli, CEO, DIB. “As the world’s first Islamic bank, DIB is committed to providing our clients a wide range of innovative Islamic banking services. We are confident that our banking solutions will meet the evolving needs of our growing client base in the Middle East, Europe, Africa and South Asia regions.”
 
“Sharia-compliant finance is growing rapidly despite the global financial crisis,” said Joseph D. Giarraputo, Publisher of Global Finance. “The winners of this year’s awards are those banks that contributed to the growth of Islamic financing and successfully met their customers’ needs for Sharia-compliant products, while creating the foundation for continued fast growth in the future.”
 
Global Finance, which celebrates its 22nd anniversary in 2009, is the publication that speaks the language of finance to senior management at the world's largest companies and to the bankers and money managers who serve them. Global Finance gives its 50,000 subscribers and 180,000 readers in more than 158 countries the guidance and market intelligence that is critical to operating successfully in this new and exciting environment.

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