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ADIB named 'Best Private Bank in the Middle East for Islamic Finance' by Private Banker International.

ABU DHABI: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been named best Private Bank in the Middle East for Islamic Finance by Private Banker International magazine. The award was presented to ADIB at a ceremony held in Dubai, in recognition of the bank's superior client service and specialist experience in providing Shariah-compliant solutions for its private banking clients.

Private Banker International is regarded as one of the premier sources of news and analysis for private bankers, relationship managers and other industry professionals. The magazine launched the Middle East awards in response to the immense pool of high net-worth and ultra high-net worth assets that exists in the Middle East, and to recognise the institutions that are leading the way to build a thriving wealth management industry in the region. Winners were selected by Private Banker International's independent judging panel, composed of industry experts and the magazine's own editorial staff.

"Shariah-Compliant Wealth Management is the fastest growing financial segment in the Middle East," Said Mohammed Azab, Head of Private Banking at ADIB. "With total high and ultra-high net-worth Islamic wealth in the Middle East set to continue growing rapidly, there is a huge opportunity for banks such as ADIB to present tailored, Shariah-compliant wealth management solutions to meet this growing demand. With this in mind, we are very pleased to be named the 'Best Private Bank in the Middle East for Islamic Finance' by Private Banker International, which demonstrates our leadership in investment advisory services, and wealth management."

ADIB has received a number of awards recently, including "Best Premium Banking Service" in the UAE for 2016 from Banker Middle East - a prestigious award to recognize banking and financial excellence; the "Best Private Bank" in the UAE for 2015 by Global Finance Magazine - an internationally renowned monthly publication based in the United States; the "Mohammed bin Rashid Al Maktoum Business Award" for the second year in a row; and the "Leading Arab Islamic Bank for 2015" award from the Union of Arab Banks.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:70MID
Date:Jun 13, 2016
Words:334
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