Emirates Islamic Clinches Top Honours at Euromoney Islamic Finance Awards 2025
Emirates Islamic, a leading Shariah-compliant financial institution in the UAE, has achieved a remarkable milestone at the prestigious Euromoney Islamic Finance Awards 2025, securing multiple global, regional, and national accolades in recognition of its pioneering role in Islamic finance.
The bank was awarded the highest honour as ‘The World’s Best Islamic Digital Bank’, along with regional and national titles including ‘The Middle East’s Best Islamic Digital Bank’ and ‘The UAE’s Best Islamic Digital Bank’. These awards reflect Emirates Islamic’s strategic focus on innovation and its exceptional performance in delivering seamless, tech-driven Islamic banking services.
Digital Leadership Reinforced by EI+ App Success
Central to this recognition is the success of the bank’s EI+ Mobile Banking App, which has rapidly become a cornerstone of its digital transformation journey. With over 500,000 registered users and more than 90% of eligible customers using online and mobile platforms, the app has processed over 18 million transactions and averages 4 million logins monthly. The platform has expanded its service offering from 50 at launch to 160 today, including diverse Shariah-compliant investment solutions, leading to a 30% rise in financial transactions.
Regional Recognition for Innovation and ESG Excellence
In addition to its digital achievements, Emirates Islamic was honoured for its leadership in ESG and innovative financial solutions, winning:
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‘The Middle East’s Best Islamic ESG Deal’ for its USD 750 million senior unsecured Sukuk, which attracted overwhelming global investor interest and achieved an oversubscribed orderbook of USD 2.1 billion.
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‘The Middle East’s Most Innovative Islamic Deal’, showcasing its excellence in structured Islamic finance solutions.
These awards underline the bank’s role in advancing ethical finance and supporting regional sustainability goals.
Multiple UAE-Level Awards Cement Local Dominance
At the UAE level, Emirates Islamic also secured accolades for its outstanding transactions and contributions to the domestic market, including:
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‘The UAE’s Islamic Finance Deal of the Year’
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‘The UAE’s Best Islamic ESG Deal’
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‘The UAE’s Most Innovative Islamic Deal’
The awards highlight the bank’s strong performance in corporate and institutional banking through tailor-made Shariah-compliant financial instruments.
Leadership Commentary
Farid AlMulla, Chief Executive Officer at Emirates Islamic, expressed pride in the bank’s accomplishments:
“We are delighted to receive multiple accolades that reflect our customer-centric innovations and unwavering commitment to Islamic finance. These achievements are a testament to our leadership in offering Shariah-compliant financial solutions that align with the UAE’s vision to lead in global Islamic finance.”
Mohammad Kamran Wajid, Deputy CEO, added:
“Our continued focus on innovation, sustainability, and customer satisfaction drives our success. These awards reinforce our mission to provide comprehensive and rewarding Islamic banking experiences.”
As the UAE intensifies its push to become a global Islamic finance hub under the UAE Strategy for Islamic Finance and Halal Industry, Emirates Islamic’s award-winning performance positions it as a key contributor to this national vision.
