ADIB Recognised As The World's Safest Islamic Bank For Third Consecutive Year In 2024

Abu Dhabi Islamic Bank (ADIB) has been named the world's safest Islamic bank for the third year in a row by Global Finance Magazine for 2024. This recognition highlights ADIB's strong financial position and commitment to risk management and cybersecurity. The bank also received accolades as the Best Islamic Bank in the UAE and Egypt, demonstrating its regional influence and outstanding performance.

The awards were presented at the 2024 annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington, DC. ADIB's achievements underscore its dedication to providing innovative, secure Sharia-compliant products to its customers. The bank's high ratings from leading agencies further affirm its solid standing in the financial sector.

ADIB was also recognised as the Best Islamic Bank Globally for Environmental, Social, and Governance (ESG), showcasing its commitment to sustainable and ethical finance practices. This award reflects ADIB's focus on enhancing its social and environmental impact through responsible banking initiatives.

Mohamed Abdelbary, Group CEO of ADIB, expressed pride in these recognitions. "We are honoured to be acknowledged once again by Global Finance as the world’s Safest Islamic Bank," he said. "This achievement is a testament to our unwavering commitment to delivering a secure banking experience for our clients, supported by strong capital foundation and prudent risk management practices."

Abdelbary also highlighted ADIB's success in both UAE and Egypt, where it has delivered record earnings while supporting customers, employees, and communities. "We are also pleased to be named the best Islamic financial institution in both UAE and Egypt recognising our ability to deliver record earnings in both countries while being unwavering in our support for customers, employees and the community," he stated.

Looking ahead, ADIB aims to set new benchmarks in Islamic banking with continued investment in sustainable finance and digital innovation. Abdelbary added that their strong financial foundation supports their goal of contributing to a sustainable future for the UAE and beyond.

The bank's ongoing efforts reflect a long-term commitment to sustainable banking practices that align with global standards. These accolades reinforce ADIB's position as a leader in Islamic finance, dedicated to ethical growth and development.

With inputs from WAM