Dubai Islamic Bank named 'Best Islamic Bank' at Banker Middle East Awards

Dubai Islamic Bank (DIB) has won the 'Best Islamic Bank Award' at this year's Banker Middle East Awards. This is the fourth consecutive year that DIB has won the award.

DIB was chosen after fierce competition from a list of many of the largest and most famous global financial institutions at a gala ceremony organised by Banker Middle East Magazine. The event took place on June 17 2008 at Emirates Towers in Dubai. Khaled Kamda, Chief Executive Officer of DIB and Managing Director of the DIB Group, accepted the award on behalf of the bank's management.

Upon receiving the award Kamda remarked:

'This award is a reflection of our status as the pre-eminent Islamic financial institution in the region. Since our inception in 1975, we have made every effort to not only remain at the forefront of innovation within the Islamic banking industry, but to be a pioneer in the field. As the world's first bank to have incorporated Islamic principles in all our practices, it is natural that we are seen as a leader in Islamic finance.'

He added: 'Winning this award would not have been possible without the professionalism and dedication of our management and staff. As the markets of this region grow ever more sophisticated and demanding, it is reassuring that our team at DIB remains ready to take on every new challenge that comes our way.'

Financial institutions of any size that operate in the Middle East are eligible for nomination at the Banker Middle East Awards. Winners are selected by a panel of experts based in the region who work in the finance industry and are leaders in their fields.