Latest news with #EuromoneyIslamicFinanceAwards
Mid East Info
17-06-2025
- Business
- Mid East Info
Emirates Islamic wins top honours at the Euromoney Islamic Finance Awards 2025 - Middle East Business News and Information
Bank wins 'The World's Best Islamic Digital Bank', along with 'The Middle East's Best Islamic Digital Bank', and 'The UAE's Best Islamic Digital Bank' • Receives recognition for 'The Middle East's Best Islamic ESG Deal' and 'The Middle East's Most Innovative Islamic Deal' • Emirates Islamic wins laurels in the UAE for 'The UAE's Islamic Finance Deal of the Year', 'The UAE's Best Islamic ESG Deal' and 'The UAE's Most Innovative Islamic Deal' Dubai, June 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has been honoured with top distinctions at the Euromoney Islamic Finance Awards 2025, a distinguished recognition of the bank's global, regional, and local leadership in Islamic finance offerings. The Euromoney Islamic Finance Awards are given to Islamic financial institutions that have demonstrated outstanding performance, made an impact in their respective markets and contributed to the development of the Islamic banking and finance industry. Emirates Islamic was awarded the prestigious title of 'The World's Best Islamic Digital Bank', 'The Middle East's Best Islamic Digital Bank', and 'The UAE's Best Islamic Digital Bank'. The bank's digital-first approach has resulted in the award-winning EI + Mobile Banking App becoming an indispensable tool, with more than 500,000 customers already registered and 90% of total eligible customers now banking through the online and mobile versions of the app, surpassing 18 million total transactions, and averaging at over 4 million logins per month. Enhancing the digital experience has translated into a 30% increase in financial transactions setting a new industry standard for ease and efficiency. One of the most notable achievements of the EI + App has been the expansion of services from 50 during launch to 160 currently, including Shariah-compliant investment options. In addition, Emirates Islamic won 'The Middle East's Best Islamic ESG Deal' in line with its vision to be the pioneering Shariah-compliant bank for customers, people and communities, through its USD 750 million senior unsecured Sukuk. A milestone issuance for the Islamic Finance Industry in the UAE and the region, the Sukuk garnered substantial interest from global investors, closing with an oversubscribed orderbook of USD 2.1 billion – 2.8 times the initial offering. Emirates Islamic's Corporate & Institutional Banking has won four accolades for its Shariah-compliant solutions and structures implemented in various transactions. The bank won the regional award of 'The Middle East's Most Innovative Islamic Deal' as well as UAE awards including, 'The UAE's Islamic Finance Deal of the Year', 'The UAE's Best Islamic ESG Deal' and 'The UAE's Most Innovative Islamic Deal'. Farid AlMulla, Chief Executive Officer at Emirates Islamic, commented: 'We are delighted to win several awards at the Euromoney Islamic Finance Awards. Emirates Islamic is dedicated to pioneering Shariah-compliant products and services to meet the growing demand for ethical banking solutions and these accolades underscore our customer-centric efforts and initiatives. As the UAE continues to expand and diversify its national economy according to the UAE Strategy for Islamic Finance and Halal Industry by developing the Islamic financial sector and leading global Islamic finance activities, Emirates Islamic is committed to providing products and services that reinforces this ambition. We will continue to meet our customers' needs and further cement our position as an award-winning market leader.' Mohammad Kamran Wajid, Deputy Chief Executive Officer at Emirates Islamic, said: 'As a home-grown Islamic bank, our Shariah-compliant financing offerings, while providing immense client satisfaction, demonstrate a promise to innovation and sustainability. Therefore, our efforts have contributed to raising the profile of Islamic finance in the region and strengthening our success in providing a comprehensive Islamic banking proposition to all our customers, backed by seamless, customer-centric banking experiences that are both rewarding and memorable.' About Emirates Islamic: Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE. Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and 229 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp. Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024. The Bank was also named the 'Most Innovative Islamic Bank' at the prestigious Euromoney Islamic Finance Awards 2024. As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
Business Recorder
03-06-2025
- Business
- Business Recorder
Euromoney Islamic Finance Awards: BankIslami named Best Islamic Bank in Pakistan
KARACHI: BankIslami has been named the Best Islamic Bank in Pakistan at the Euromoney Islamic Finance Awards 2025, a leading global benchmark for excellence in financial services. The award highlights BankIslami's commitment to its mission of Saving Humanity from Riba (interest) and its leadership in Pakistan's fast-growing Islamic finance sector. The Euromoney Islamic Finance Awards, now in their 16th year, recognize institutions that excel in innovation, integrity, and impact within Islamic banking worldwide. BankIslami's recognition came for its customer-first approach, innovative financial solutions, and focus on ethical, Shariah-compliant banking practices amid a global surge in demand for interest-free financial services. 'This recognition goes beyond financial performance—it reflects the trust our customers place in us and our dedication to delivering Shariah-compliant services that meet the needs of Pakistanis,' said Rizwan Ata, President and Chief Executive Officer of BankIslami. 'We're honoured by this global acknowledgment and see it as a call to do more for Pakistan', he added. Since its inception, the bank has played a pioneering role in developing Pakistan's Islamic finance landscape, from deploying biometric ATMs to being among the first to launch Islamic digital banking solutions. With a network of over 500 branches in 210+ cities, BankIslami has expanded its reach through targeted Shariah-compliant financial products tailored to both individual and business needs, including Hajj savings plans and SME financing. 'At BankIslami, we believe innovation guided by purpose creates lasting impact. This recognition belongs to our customers, who are at the heart of everything we do and have stood by us every step of the way. We are deeply grateful for their continued support and the shared journey that has brought us to this milestone,' said Imran Shaikh, Dy. Chief Executive Officer of BankIslami. BankIslami remains committed to advancing its mission by rolling out new Shariah-compliant financial tools, expanding its reach to more Pakistani households through technology-driven solutions, partnerships with community-based organizations, and promoting financial literacy for inclusive, ethical banking. Copyright Business Recorder, 2025
SowetanLIVE
28-05-2025
- Business
- SowetanLIVE
Standard Bank crowned Africa's Best Islamic Bank — again
'We're honoured to receive this prestigious recognition for the second year running. Being named Africa's Best Islamic Bank reaffirms our commitment to innovation and to delivering principled, Shari'ah-compliant solutions tailored to our clients' unique needs,' says Ameen Hassen, head of Shari'ah Banking at Standard Bank. He says the award reflects the exceptional teamwork driving the bank's efforts to advance Islamic finance across the continent. The Euromoney Islamic Finance Awards honour institutions that have made a significant impact by driving innovation and growth in Islamic banking and finance. Standard Bank Shari'ah Banking has led several industry firsts, including: The world's first Shari'ah-compliant Diners Club card; SA's first fintech-enabled unsecured Shari'ah-compliant working capital solution through the Merchant Capital Shari'ah Advance; and The first Shari'ah-compliant term facility in SA offered by a commercial bank. Over the past five years, its assets have grown by 82%, outpacing the 79% growth in liabilities over the same period. 'We see Islamic finance as a powerful enabler of economic growth in Africa, especially in Sub-Saharan regions, which are home to 18% of the global Muslim population,' says Hassen. He says Standard Bank's Shari'ah Banking continues to innovate to ensure that Islamic banking plays a bigger role in Africa's economic development. This article was sponsored by Standard Bank.
TimesLIVE
28-05-2025
- Business
- TimesLIVE
Standard Bank crowned Africa's Best Islamic Bank — again
'We're honoured to receive this prestigious recognition for the second year running. Being named Africa's Best Islamic Bank reaffirms our commitment to innovation and to delivering principled, Shari'ah-compliant solutions tailored to our clients' unique needs,' says Ameen Hassen, head of Shari'ah Banking at Standard Bank. He says the award reflects the exceptional teamwork driving the bank's efforts to advance Islamic finance across the continent. The Euromoney Islamic Finance Awards honour institutions that have made a significant impact by driving innovation and growth in Islamic banking and finance. Standard Bank Shari'ah Banking has led several industry firsts, including: The world's first Shari'ah-compliant Diners Club card; SA's first fintech-enabled unsecured Shari'ah-compliant working capital solution through the Merchant Capital Shari'ah Advance; and The first Shari'ah-compliant term facility in SA offered by a commercial bank. Over the past five years, its assets have grown by 82%, outpacing the 79% growth in liabilities over the same period. 'We see Islamic finance as a powerful enabler of economic growth in Africa, especially in Sub-Saharan regions, which are home to 18% of the global Muslim population,' says Hassen.
Daily Maverick
23-05-2025
- Business
- Daily Maverick
Standard Bank Wins Africa's Best Islamic Bank – Two Years in a Row
Standard Bank's Shari'ah Banking has been crowned Africa's Best Islamic Bank for the second consecutive year at the 2025 Euromoney Islamic Finance Awards. The bank also received the award for South Africa's Best Islamic Bank. In 2024, Standard Bank Shari'ah Banking became the first Sub-Saharan African bank to win the title of Africa's Best Islamic Bank. This continued recognition highlights the market's appreciation of Standard Bank's innovative solutions tailored to meet the continent's growing demand for Islamic finance. 'We're honoured to receive this prestigious recognition for the second year running. Being named Africa's Best Islamic Bank reaffirms our commitment to innovation and to delivering principled, Shari'ah-compliant solutions tailored to our clients' unique needs,' says Ameen Hassen, Head of Shari'ah Banking at Standard Bank. He adds that the award reflects the exceptional teamwork driving the bank's efforts to advance Islamic finance across the continent. The Euromoney Islamic Finance Awards honour institutions that have made a significant impact by driving innovation and growth in Islamic banking and finance. Standard Bank Shari'ah Banking has led several industry firsts, including the world's first Shari'ah-compliant Diners Club card, South Africa's first fintech enabled unsecured Shari'ah compliant working capital solution through the Merchant Capital Shari'ah Advance and the first Shari'ah Compliant term facility in South Africa offered by a commercial bank. Over the past five years, its assets have grown by 82%, outpacing the 79% growth in liabilities over the same period. 'We see Islamic finance as a powerful enabler of economic growth in Africa, especially in Sub-Saharan regions, which are home to 18% of the global Muslim population,' adds Hassen.
