Business

Emirates Islamic, among the leading Islamic financial institutions in the UAE, was honoured with 4 awards at CPI Financial's Islamic Business & Finance Awards Ceremony consisting of: Best Retail Bank-- UAE; Best Commercial Bank-- UAE; Best Wealth Management-- ME; and Banker of the Year 2015 for CEO, Jamal Bin Ghalaita.

The awards identify the sensational growth and excellent efficiency of the bank during 2015 and the previous years, following the effective completion of its improvement trip. The awards were presented to the bank at a distinguished ceremony held recently in Dubai, went to by senior business leaders from the banking market.

Talking about the awards, Jamal Bin Ghalaita, Chief Executive Officer of Emirates Islamic stated: "This considerable recognition confirms our reputation as a clear leader in the Islamic banking industry throughout business lines. With a company focus on services and product innovation, Emirates Islamic has actually regularly shown its dedication to advancing quality in the Islamic banking sector in support of Dubai's objective of becoming the international capital of Islamic economy.

"Industry recognition is a fantastic driver as we work to support individuals, business owners, corporates and SMEs that form the UAE's economy. Islamic banking has come a long way in the UAE, but there is more work to be done to further the penetration and understanding of Islamic banking among UAE customers," said Bin Ghalaita referencing the bank's just recently launched ISLAMIC BANKING INDEX by EMIRATES ISLAMIC , a consumer survey on Islamic Banking in the UAE, which suggests that innovation is amongst the essential motorists of Islamic banking's future success.

"So while the awards we won acknowledge our considerable contribution to Islamic banking, we will not be satisfied up until we develop a truly robust Islamic economy in the UAE and set brand-new standards in the banking industry," said Bin Ghalaita.

While discussing his 'Banker of the Year 2015' award, Bin Ghalaita said: "I am honoured by the individual recognition along with the other awards won by Emirates Islamic.".

This most current win caps off an impressive year of recognition for the bank as Emirates Islamic was recently awarded at the 2015 Enterprise Agility Awards by Entrepreneur Middle East publication. Other awards this year consist of 'Best Islamic Bank in the UAE' by World Finance publication for the 2nd time in 3 years; 'Best Savings Account' and 'Best New SME item' at the Banker Middle East Product Awards 2015; and the Euromoney Award for Innovation in Islamic Finance 2015 for the bank's Nasdaq Dubai Murabaha platform.

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