Abu Dhabi, 26 March 2018: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has won four awards at the Islamic Finance News (IFN) Awards ceremony held in Dubai, including Best Islamic Private Bank, Syndicated Deal of the year, UAE Deal of the Year, and Musharkah Deal of the Year.
The IFN Awards is one of the Islamic finance industry’s most prestigious awards ceremonies, honouring institutions which have displayed leadership, innovation and excellence in deal execution over the last year. Established in 2006, the IFN Awards have grown significantly since this time as demand for Sharia’a-compliant products and services increased manifold around the world. The winners are selected by a panel of independent experts who judge each transaction based on a set of predetermined criteria.
Khamis Buharoon, ADIB’s vice chairman and acting CEO said: “ADIB is proud to receive these awards and to be recognised for all we have achieved in the past year. Such accolades reflect my colleagues’ hard work and dedication to deliver an industry-leading service to clients and partners. As a leading bank in the Islamic finance sector, we continue to be involved in the region’s largest and most significant transactions and have established a strong platform for growth as we continue to launch new Sharia’a-compliant banking solutions that meet the diverse needs of our clients.”
ADIB has been active across a wide range of transactions over the last 12 months, including a US$300mn club term facility for Etihad Airways, a US$75.6mn syndicated finance for Dubai Aerospace Enterprise (“DAE”) and a US$1.25bn syndicated finance for GEMS MENASA.
ADIB played a leading role in structuring, arranging, coordinating and documenting the National Central Cooling Company “Tabreed” AED 1.5 billion club term facility. The bank was also Joint Mandated Lead Arranger and Joint Bookrunner of the Islamic tranche of Dubai’s Airport Financing Company “FINCO” US$ 3 billion debut project financing.
ADIB has received numerous awards in recent months including ‘Local Currency Deal of the Year’ and ‘Project Financing Deal of the Year’ at Bonds, Loans & Sukuk Middle East Awards 2017; ‘Best Premium Banking Service in the UAE’ from Banker Middle East; and ‘Private Bank in the Middle East for Islamic Finance’ by Private Banker International.