Florante Magsakay/CPI Financial

Islamic Banking

Winners of 13th annual Islamic Business & Finance Awards revealed at gala dinner

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Best Islamic Bank went to Dubai Islamic Bank

Monday 10, December 2018

The winners of the 13th Islamic Business & Finance Awards were announced at a gala dinner held at Emirates Towers Hotel, Dubai on Thursday, 6 December 2018, attended by more than 200 Islamic bankers and financiers from around the world. A total of nearly 8,000 votes were cast across 34 voted-for categories in the online poll held on www.cpifinancial.net, in addition to two categories based purely on results and three individual Awards that were chosen by an expert panel of judges. 

The top Award, for Best Islamic Bank, once again went to Dubai Islamic Bank (DIB), based on analysis of the bank’s audited financial statements as published in the annual Islamic Business & Finance Leaders in Islamic Finance special report, released in conjunction with the magazine’s December issue. The report details exemplary performance across all categories, including the greatest change in assets across all banks in the industry.

DIB’s GCEO, Dr. Adnan Chilwan, was named Islamic Banker of the Year for his outstanding contributions towards DIB’s growth, and his role in fostering advancements in the Islamic finance industry. In addition, DIB was named Best Islamic Bank, Best Islamic Retail Bank, Best Islamic Corporate Bank, Best Islamic Home Finance, and Best Sukuk Arranger in the region.

“We are incredibly grateful to be honored, once again, with these prestigious awards and the industry recognition that they carry.” commented Dr. Chilwan on the occasion. “It is always heartening and encouraging when our efforts in building a high-performing bank are acknowledged by the fraternity. We stand proud today of the leading position and reputation we enjoy in the local and global markets and remain steadfast in progressing to even greater heights.”

“I am personally delighted to receive the Islamic Banker of the Year award again this year,” he added. “It is a huge honor and I aim to continue my individual efforts whilst working collectively with those around me further the growth and progress of Islamic finance as it transforms into a global norm.”

Steve Bertamini, CEO, Al Rajhi Bank, was also present to collect both the institution’s award for Best Islamic Bank – KSA and the individual award of Islamic Banker of the Year – KSA, following the bank’s remarkable achievements and strong performance, as well as it’s leadership role in the Islamic finance community.

The Islamic Business & Finance Awards programme, supported by the Dubai International Financial Centre, once again honoured winners from the Middle East and Africa. It is designed to highlight, encourage and reward the exceptional performance and growth of the international Islamic business and finance community.

“Islamic finance continues its global expansion, entering more markets and raising awareness about its unique value proposition every year. We at Islamic Business & Finance are proud to honor the thought leaders, innovators and pillars of the Islamic finance community, as well as to provide a platform for the industry’s top professionals to choose who they believe to be the true top contributors to Islamic finance’s present, and future,” said William Mullally, Editor, Islamic Business & Finance.

A full list of the Islamic Business & Finance Awards 2018 winners follows:

Fastest Growing Islamic Bank - KSA                                               Alinma Bank

Fastest Growing Islamic Bank - Bahrain                                        Bahrain Islamic Bank

Fastest Growing Islamic Bank - UAE                                               Ajman Bank

Fastest Growing Islamic Bank                                                          Warba Bank

Best CSR in Islamic Banking - Syria                                                  Al Baraka Bank Syria

Best Branding - Kuwait                                                                       Kuwait International Bank

Best HR Program - KSA                                                                       The National Commercial Bank

Innovation in Islamic Banking                                                           Mashreq Al Islami

Best SME Innovation                                                                           Noor Bank

Best Islamic Fintech Company                                                           Eiger Trading Advisors

Best Islamic Core Banking Transformation                                      Emirates Islamic with Infosys Finacle

Best Islamic Window - UAE                                                                 NBF Islamic

Best Humanitarian Initiative                                                               Islamic Solidarity Fund for Development (ISFD)

Best Customer Loyalty Programme - KSA                                         The National Commercial Bank

Best Sukuk Arranger                                                                              Dubai Islamic Bank

Best Asset Manager                                                                               Alkhabeer Capital

Best Islamic Investment Fund                                                              ADCB Asset Management GCC Islamic

Best Investment Bank Middle East                                                     GFH Financial Group

Best Islamic Home Finance                                                                   Dubai Islamic Bank

Best REIT - MENA                                                                                    Emirates REIT (CEIC) Limited

Best Premium Banking - Kuwait                                                           Ahli United Bank Kuwait

Best Islamic Corporate Bank                                                                 Dubai Islamic Bank

Best Corporate Advisory - Kuwait                                                       Warba Bank

Best Corporate Advisory - KSA                                                             The National Commercial Bank

Best SME Bank - Egypt                                                                           ADIB Egypt

Best SME Bank                                                                                         Noor Bank

Best Islamic Credit Card - KSA                                                               The National Commercial Bank

Best Islamic Retail Bank - Egypt                                                            ADIB Egypt

Best Islamic Retail Bank                                                                          Dubai Islamic Bank

Best Islamic Bank - Africa                                                                        Faisal Islamic Bank

Best Islamic Bank – Syria                                                                         Al Baraka Bank Syria

Best Islamic Bank - Lebanon                                                                   Al Baraka Bank Lebanon

Best Islamic Bank - Bahrain                                                                     GFH Financial Group

Best Islamic Bank - Kuwait                                                                      Ahli United Bank Kuwait

Best Islamic Bank - KSA                                                                            Al Rajhi Bank

Best Islamic Bank                                                                                      Dubai Islamic Bank


Islamic Banker of the Year - Kuwait                                                       Tareq Muhmood, Senior Deputy Chief Executive Office, Ahli United Bank Kuwait

Islamic Banker of the Year - KSA                                                              Steve Bertamini, Chief Executive Officer, Al Rajhi Bank 

Islamic Banker of the Year                                                                         Dr. Adnan Chilwan, Group Chief Executive Officer, Dubai Islamic Bank

TAGS : Islamic finance, middle east, islamic business and finance

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