Emirates Islamic named ‘Best Islamic Bank for SMEs’ at MEA Finance Awards 2022
Dubai, 06 December, 2022: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, was named ‘Best Islamic Bank for SMEs’ at the MEA Finance Awards. The award was received by Syed Ghazanfar Naqvi, Head of Business Banking at a ceremony held in Dubai recently.
Emirates Islamic Business Banking was recognised for its innovative proposition for small and medium enterprises (SMEs) and its status as a preferred bank for entrepreneurs seeking Shariah-compliant products and services for their businesses. The Business Banking segment has seen record growth in 2022 with one in ten UAE SMEs now banking with Emirates Islamic, demonstrating the strength of the Bank’s value proposition.
Farid Al Mulla, Head of Consumer Banking and Wealth Management at Emirates Islamic, commented:“We are honoured to win this prestigious award for our commitment towards one of the UAE’s key economic pillars, the SME ecosystem. It reflects Emirates Islamic’s pursuit towards developing innovative products and services for SMEs, while ensuring that customer excellence remains at the heart of our proposition. We continue to take innovative strides to ensure that Emirates Islamic remains the SME bank of choice for UAE nationals and residents.”
With the ‘Best Islamic Bank for SMEs’ award, the MEA Finance Awards recognise Emirates Islamic as a bank that has shown exceptional commitment, an innovative product proposition and exceptional customer service.
The MEA Finance Awards 2022 recognize financial institutions, technology solutions providers and individuals for their exceptional achievement and inspirational leadership in delivering innovative products and services of the highest value to their retail and business customers.
About Emirates Islamic:
Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is one of the fastest growing banks 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 Shari’a-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 41 branches and 179 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. The Bank won international acclaim as the ‘Most Innovative Islamic Bank’ at the Islamic Finance Awards 2020 by World Finance, in addition to being named the ‘Best Islamic Bank, UAE’. The Bank was also awarded the title of ‘Most Innovative Islamic Bank’ by Islamic Finance News and ‘Islamic Bank of the Year – UAE 2020’ by The Banker. Additionally, New York-based Global Finance magazine recognised Emirates Islamic as the ‘Best Islamic Financial Institution, UAE’ for a second year in a row on its list of the ‘World’s Best Islamic Financial Institutions’.
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.