Business

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced that it has won the prestigious Best Domestic Retail Bank Middle East award at the 2014 Islamic Business & Finance Awards.

The Islamic Business & Finance Awards programme, running for the ninth year, is managed by Islamic Business & Finance magazine, part of the CPI Financial Group. The award was presented to Farid Al Mulla, Head of Distribution at Emirates Islamic, at a ceremony attended by hundreds of bankers from across the region.

Speaking on the award win, Jamal Bin Ghalaita, Chief Executive Officer, Emirates Islamic, said, The award is testament to the strides made by Emirates Islamic in furthering Islamic banking among customers in the UAE, through product innovation and customer service excellence. In a span of two years, our revenues have increased 100 per cent, while our customer base has witnessed an increase of 30 per cent during the same period.

We have continued to maintain our leadership position in the retail Islamic space as our branch network has grown by over 50 per cent in a span of three years. Our focused strategy, solid performance and growth levels will continue as we aim to be a contributor to Dubais vision of being the Islamic finance capital of the world, added Bin Ghalaita.

Held at Emirates Towers in Dubai, the gala Islamic Business & Finance Awards ceremony celebrated achievement among top Islamic bankers, financiers and Islamic banking and finance institutions across three continents. The awards are designed to highlight, encourage and reward the exceptional performance and growth of the international Islamic business and finance community.

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