Dubai Islamic Bank (DIB) was accorded top recognition as an institution leading the region's industry forward in innovation in Islamic finance at the GCC Banking Awards 2004 ceremony in Dubai at Emirates Towers.
The ceremony was organized by Banker Middle East (BME) Magazine, published by Corporate Publishing International (CPI). Both local, regional and foreign financial institutions operating in the Gulf were eligible for nomination of the award. The selection process began with a realistic, credible and manageable number of candidates.
BME gathered together an expert panel of nominating judges spanning rating agencies, consultancies, card schemes, solution providers and banks.
Established on 1975, DIB is considered to be the first Islamic bank in the world that has implemented the principles of Islam in all its practices. It was founded with the active assistance of the United Arab Emirates (UAE) Government, the Central Bank and the people of the UAE. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
