"Abu Dhabi Islamic" ranked first for the safest Islamic banks for the year 2022
Abu Dhabi Islamic Bank announced that it has received the award for the safest Islamic financial institution for the year 2022 from the New York-based Global Finance magazine, which is the first time that the bank has achieved this honor.
The announcement was made at the award ceremony held in conjunction with the 2022 annual meeting of the International Monetary Fund and the World Bank Group in Washington, DC.
The bank was ranked first in the category of “The Safest Islamic Banks 2022” and the sixth place as the safest banks in the Middle East.
The honoring of ADIB indicates its solid financial position, strict risk management, and advanced electronic security systems, in addition to providing innovative, safe and Sharia-compliant services and products to its customers. ADIB constantly works to provide many innovative features and services that It ensures that banking experiences are provided to its customers that are safe and easy to use.
Nasser Abdullah Al-Awadi, Group CEO of ADIB, said: “We are proud of what we have achieved and honor the bank with these prestigious international awards that have placed us at the top of the safest Islamic banks. It is one of the leading and innovative solutions in the financial sector, and reflects the flexibility of our business model, backed by a solid capital base, our business momentum and our ability to support our clients in the long term.”
Abu Dhabi Islamic Bank conducted its strategic review for 5 years in 2021, which determined the renewed goal of the bank to become the financial partner for life for its customers, society and colleagues.. The bank has maintained high capital ratios, which contributed to achieving growth and increasing shareholder confidence and strengthening the bank’s position in the market .
Global Finance's annual ranking of the world's safest banks is a reliable and recognized benchmark for measuring financial health.
The banks were selected through a combination of long-term ratings from Moody's, Standard & Poor's and Fitch and the total assets of the 500 largest banks worldwide.
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