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Dubai
, UAE - March 6, 2010:
In recognition of the excellence of both its investment banking and corporate social responsibility activities, Dubai Islamic Bank (DIB) announced today that it has won two awards at the annual Middle East Banking Awards, which were held recently at the Jumeirah Beach Hotel in Dubai.
For the second consecutive year, the bank’s wholly-owned investment banking subsidiary, DIB Capital, was named “Best Investment Bank” in the UAE by emeafinance, a leading international publication focused on financial markets in the Europe, Middle East and Africa regions. In addition, in acknowledgement of its sustained efforts to support individuals and communities in the UAE and across the Middle East, DIB has been named winner of the first-ever Pan-Arab emeafinance award for corporate social responsibility.
Since its establishment in 1975, Dubai Islamic Bank has made a significant contribution to a broad range of charitable organisations and community initiatives. In particular, the bank continues to play a leading role in the area of Emiratisation, supporting and developing the professional development of the local UAE population. Also of special note, the bank has taken the initiative of establishing the DIB Foundation, aimed at serving the UAE community and supporting those who face hardships and require humanitarian need, especially in the health, education and housing.
“Dubai Islamic Bank’s commitment to corporate social responsibility activities is fully in line with our larger mission of supporting the ambition of public organisations, private firms and individuals to realise their full potential,” said Abdulla Al Hamli, Chief Executive Officer, Dubai Islamic Bank. “We firmly believe that, as a responsible corporate citizen, we have both an obligation and an opportunity to contribute to the betterment of communities across this young and vibrant region.”
Highlighting the strength of the bank’s investment banking franchise, despite challenging global conditions, Saad Zaman, Chief Executive Officer, DIB Capital, said: “By offering the widest possible range of Sharia-compliant capital raising, financial advisory and investment solutions, DIB Capital continues to set new benchmarks in meeting the evolving investment banking needs of our regional and global client base. We are grateful to emeafinance for recognising, for the second
consecutive year, our successful focus on innovation and customised end to end solutions for our customers.”
DIB continues to be recognised by its international peers for the excellence of its operations and innovative nature of its Sharia-compliant products and services. Most recently, the bank was named “Best Islamic Bank in the UAE” for the fifth consecutive year by Islamic Finance News.
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