National Bank of Fujairah scoops Best New Islamic Window - UAE Award at the Islamic Business & Finance Awards 2016
Accolade cements NBF’s position as the leading provider of comprehensive suite of Shari’a-compliant banking solutions
Dubai,November 2016: National Bank of Fujairah (NBF) PJSC announced today that it was awarded the “Best New Islamic Window – UAE” at the Islamic Business & Finance Awards 2016.With two years since its launch, NBF Islamic is recognised for the expanding suite of Islamic banking services that complement its corporate and retail businesses.
In 2014, NBF launched its Islamic window with retail banking services in its home emirate Fujairah in response to a growing customer demand for Shari’a-compliant services. In 2015, the bank broadened its offering and launched its Shari’a-compliant corporate banking services to cater to businesses looking for a reliable and trusted banking partner in the UAE. Today, the bank’s priority is to continue developing NBF Islamicinto a full-fledged proposition encompassing a comprehensive range of solutions for both retail and corporate banking segments.
Organised by publisher CPI Financial, the Islamic Business & Finance Awards recognise the best and the most innovative organisations driving the development of the sector globally. Institutions are nominated by a panel of industry experts and the winners are selected through an extensive online voting process. Leaders of the Islamic business and finance community gather to celebrate the continued development of the industry; this high-level crowd makes the event one of the most prestigious industry events.
Commenting on the award, Vince Cook, NBF’s CEO said: “We are very proud to receive industry recognition for NBF Islamic just two years since its inception. This initiative stems from direct customer feedback and is a clear demonstration of the bank’s focus on building strong partnerships with our clients. At NBF, we believe that our greatest successes come from our collaborative efforts and as a result of our tireless focus on catering to our customer’s needs and requirements.”
“We are also pleased to contribute to the UAE’s aspirations to transform itself into a hub for Islamic finance. Moving forward, we will continue to seek ways to expand our suite of client-centric solutions to build on this early success. Our Islamic balance sheet has grown rapidly, in the future, we see no reason why we cannot compete with larger and more established Islamic financiers. As we enhance our infrastructure and invest in resources and expertise, we are confident that NBF Islamic will further establish our position as a reliable and trusted banking partner in the UAE.”
About National Bank of Fujairah PJSC:
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari’a compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.
NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB+ / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol "NBF". It has a branch network of 16 across the UAE.
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