Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has been named the ‘Best Islamic Bank in the UAE’ for the second year consecutive year by Islamic Finance News.

In addition, ADIB won the ‘Best Syndicated Deal of the Year 2011’ for its leading role as a mandated lead arranger & Book runner in the innovatively structured deal of Dh250 million syndicated Islamic financing deal for the Emirates National Factory for Plastic Industries (ENPI).

ADIB also won the ‘Best Turkey Deal of the Year 2011’ for its role as joint lead manager for the $350 million KT Sukuk Varlik Kiralama deal.

In addition, ADIB won “Best Islamic Bank in Egypt” and “Best Islamic Private Bank” through National Bank for Development in Egypt that was acquired by ADIB in the last quarter of 2007.

NBD is now offering a broad spectrum of Shari’a compliant banking products and solutions for large corporate as well as individuals along with renovating all its current branches across all governorates of Egypt competing at the highest levels in the Egyptian market.

Islamic Finance News awards are one of the leading awards in Islamic finance globally. They are based on a unique poll-based format in which nearly 3,000 votes were cast by leading practitioners and participants in the industry.

Commenting on the awards, CEO Tirad Mahmoud said: "We are delighted that our contributions to the sustainable growth and development of the UAE banking sector and economy have been recognized with these awards."

"They are a result of ADIB’s strong financial fundamentals, and are deliberate customer-centric strategy," he added.-TradeArabia News Service