UAE’s leading Islamic financial institution, Abu Dhabi Islamic Bank (ADIB) has been recognized with three prestigious awards at the Bonds and Sukuk Middle East Awards 2023 for its outstanding contributions to the finance sector.
The three categories of the awards include the Global Sovereign Sukuk Deal of the Year, Islamic Syndication of the Year, and Real Estate Finance Deal of the Year, according to the statement.
Mr. Mohammed Ali Al Fahim, Acting Global Head of Wholesale Banking at Abu Dhabi Islamic Bank, said, “These awards reaffirm ADIB’s position as a leading Islamic financial institution, dedicated to driving innovation and creating value for its clients.”
“ADIB will continue to strive for excellence as we participate in ambitious deals that have a meaningful impact on the local communities they serve,” Mr. Al Fahim further added.
ADIB also received the Islamic Syndication of the Year award for its exceptional involvement. This milestone highlights ADIB’s leadership in structuring innovative and sustainable financial solutions.
In addition, ADIB has been honored with the Real Estate Finance Deal of the Year award, which exemplifies ADIB’s expertise in the real estate sector and its commitment to supporting significant projects.
Earlier this year, ADIB became the first bank in the UAE to provide small and medium-sized enterprises (SMEs) with convenient remote account opening services through a mobile app by deploying Emirates Face Recognition (EFR) technology. This new feature will allow businesses to apply for a business account without the need to visit a branch or submit physical documents or signatures.