May 30, 2018

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has been recognised as one of the World's Best Islamic Financial Institutions by New York-based Global Finance magazine. The bank was voted 'Best Islamic Bank' in the UAE after consultation with top industry executives and analysts in the eleventh edition of the prestigious annual Global Finance awards.

Winners of this year's awards are reputed Islamic financial institutions from across the globe who contributed to the growth of Islamic Banking and successfully met their customers' needs for Shari'a-compliant products, while creating the foundation for continued growth, with modern and efficient delivery channels. Winners will be honored at an awards ceremony held during the annual IMF/World Bank Annual Meetings in Bali, Indonesia in October this year.

Commenting on the win, Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management at Emirates Islamic, said: "Emirates Islamic is honoured to have been recognised as the Best Islamic Bank in the UAE for our commitment to excellence. This award is a testimony to our strategy and the determined efforts of our team who have worked hard not only to continuously enhance and expand our Islamic banking services, but also to distinguish Emirates Islamic in a competitive environment.

"As a homegrown financial institution, we are committed to contributing substantially to the sector's growth and the government's goal of making Dubai the global capital of Islamic economy. Emirates Islamic's achievements in product and service innovation, integrated with a customer-centric business model, has allowed us to achieve strong results in 2017, demonstrated by a six-fold increase in our net profit to AED 702 million. Over the years, we have stood out from the competition through our focus on innovation and customer service."

Emirates Islamic has consistently taken the lead in innovation in Islamic finance with products, services and thought leadership initiatives designed to foster an innovation culture within the industry. The bank has been recognised at several platforms locally, regionally, and globally including for "Best Islamic Banking Brand" by Global Brands Magazine; ''Most Improved Website' and 'Best Social Media Reach' at the 2017 Service Olympian Awards; 'Best Savings Account' and 'Best Islamic Premium Card' at the Banker Middle East Product Awards; 'Service Hero" in the Islamic Banking category of the Service Hero Index. Emirates Islamic was also named 'Islamic Personal Finance Provider of the Year' in 2017 and 2018 by YallaCompare, the region's leading financial services comparison website