Abu Dhabi February 4, 2007
Euromoney Awards for ADCB's excellence in Islamic Banking
ADCB has been awarded by Euromoney, the pre-eminent international financial magazine, "Most Improved Islamic Bank in the Middle East" at the 5th Annual Euromoney Islamic Finance Awards 2007 in London on January 30th. Furthermore ADCB's Islamic Mudarabah Overdraft Facility was named ‘Best Islamic New Product of the Year’ making it the most innovative Shari'ah compliant product to be launched anywhere in the world in 2006.
Regarded as the benchmark awards for Islamic financial services globally, the Euromoney Islamic Finance Awards is now in its 5th consecutive year. This year's awards process, which began in October 2006, attracted over 70 submissions from financial houses globally competing for the 21 awards that Euromoney presented. Euromoney's dedicated research team and awards panel then rated all the submissions on both quantitative and qualitative factors such as KPI's, innovation and promotion of the Islamic finance industry over the 12 month period to decide the award winners.
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