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ABC Islamic Bank wins MENA Islamic Finance Bank award

August 26, 2022
islamic finance

ABC Bank Islamic was named the (MENA Islamic Finance Bank of the Year) at the MENA Banking Excellence Awards organized by MEED.

The Awards program celebrated the best-in-class banking and financial services institutions for their innovative offering and commitment to customer excellence.

This recognition confirms to the Bank’s solid performance and commitment to meeting client needs through its strategic expansion, innovative approach to Islamic finance, and digital transformation endeavors.

“We at Bank ABC Islamic are deeply honored to have received MEED’s MENA Islamic Finance Bank of the year award,” ABC Bank Islamic CEO Hammad Hassan said.

“Winning this title further reinforces our confidence in our strategy, especially the emphasis on digital transformation and expanding our offering in MENA with the launch of alburaq in Algeria.”

“I’d like to thank MEED for recognizing our performance and innovative initiatives, and my colleagues at Bank ABC Islamic, whose relentless hard work and commitment, not only helped us weather some of the most challenging times, but also kept us on the growth trajectory with the aim to enhance our offering and to future-proof the Bank.”

The bank’s Islamic finance window, alburaq’s successful foray into consumer and corporate banking in Algeria, delivered exceptional customer acquisition results and is paving the way for the rollout of Islamic finance products across other network markets.

ABC Islamic is working closely with the digital mobile-only ila Bank to introduce Shari’a compliant versions of ila’s customer-centric products and solutions for the Bahraini market, under the brand name ‘alburaq’.