National Bank of Fujairah awarded “Best Islamic Window - UAE” at the Islamic Business and Finance Awards 2018
Bank retains position as leading provider of Shari’a complaint banking services
NBF announced today that NBF Islamic has retained the prestigious accolade “Best Islamic Window – UAE” for the third consecutive year at the Islamic Business & Finance Awards 2018. In one of the leading Islamic finance markets, NBF highlighted once again its premier Islamic banking offerings in the UAE, in line with clients’ changing requirements in a highly competitive market.
Hosted by CPI Financial, the Islamic Business & Finance Awards recognises the efforts of business leaders as they seek to promote their organisation’s shari’a compliant offerings as well as elevating the UAE’s position as a global Islamic financial hub.
Commenting on the win, Vince Cook, NBF’s CEO, said: “We are very proud to receive this award for the third consecutive time. This coveted accolade is further affirmation of our relentless efforts to continually expand our suite of client-centric solutions. Since its inception in 2014, NBF Islamic continues to achieve great strides and our Islamic balance sheet has been growing significantly. As we move forward, we can expect further growth in this space as the UAE focuses on transforming itself into a global hub of Islamic economy. In addition, Fintech will play a pivotal role in spurring further growth in the Islamic finance industry and NBF is well placed to leverage these opportunities.”
Recently, the bank was also recognised for its online banking initiatives at the Asian Transaction Banking Awards 2018, signalling the importance of incorporating innovative digital solutions to cater to today’s tech-savvy customer base.
Following the successful launch of NBF Islamic in 2014, the bank broadened its suite of offerings 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 has developed NBF Islamic into a full-fledged proposition encompassing a comprehensive range of solutions for both retail and corporate banking segments.
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 18 across the UAE.