Abu Dhabi Islamic Bank : ADIB & Thomson Reuters present fifth Ethical Finance Innovation Challenge and Awards

UAE, xx June 2016: The Ethical Finance Innovation Challenge and Awards (EFICA), sponsored by Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters, are now accepting entries for the fifth consecutive year.

The awards fall into two categories, the Ethical Finance Initiative Award, and the Lifetime achievement award. They are designed to recognize innovation in ethical finance and inspire real change in the financial services industry.

Entries for the Ethical Finance Initiative Award, which carries a $100,000 first prize, are welcomed from individuals and organisations that offer new practical innovations that promote sustainability and social benefit. Two runners-up will each receive $20,000 prizes.

A Lifetime Achievement Award, with a prize of $25,000, will also be awarded by the judging committee to an outstanding institution or individual that has significantly helped to shape the world of financial services, by applying ethical principles.

Entries should be submitted online at www.efica.com before the closing date of July 6, 2017.

The EFICA awards recognize the role that the finance industry can and must play in socio-economic development. ADIB's aim from this award is to encourage the industry to place ethics and social benefit at the forefront of its thinking

The selection process is managed by an advisory board that includes financial experts, ethical banking practitioners and Islamic scholars. The selection criteria is based on the initiatives' ethical aspects, impact on society, innovation, and the practicality of the application.

Over the past four years, EFICA has become a leading finance award receiving over 500 applications from around the world. As in previous years, short-listed finalists will present their initiatives at the EFICA gala dinner.

Last year, the Ethical Finance Initiative Award was won by LaunchGood, the world's leading Islamic finance crowdfunding site, for its work in raising over $11 million for over 1,000 campaigns across 63 countries.

Dr Zeti Akhtar Aziz, the former governor of Malaysia's Central Bank, was presented with the EFICA Lifetime Achievement Award for her pivotal role in developing the Islamic banking industry and her distinguished contribution in driving ethical practices in the global financial industry.

ADIB is an active participant in the global conversation on ethics in finance. By placing a strong emphasis on simplicity and partnership, the bank aims to ensure that only appropriate products are offered, and that customers' needs come before profit.

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About ADIB:

ADIB is a leading bank in the UAE with more than AED 110 billion in assets. Its 855,468 customers benefit from the third largest distribution network in the UAE with 88 branches and more than 757 ATMs. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).

In the UAE, the Bank has more than 2,300 employees and remains one of the leading banks in the recruitment, development and promotion of local talent in all the markets in which it operates. The bank has one of the highest Emiratisation ratios with more than 45% of the bank's workforce being UAE Nationals.

ADIB is a leading global advocate of Ethical Finance and in 2012, in partnership with Thomson Reuters, the bank launched the Ethical Finance Innovation and Challenge Awards (EFICA). In 2015, the awards received over 200 applications from all over the world.

ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.

Named 'Best Bank in the UAE' by The Financial Times' The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.

CONTACT

For media information, please contact:

ADIB Brunswick Group

Radwa Nasraldin Shehab Mouaffak Hajjar

Direct: +971 2 412 8093 Direct: +971 4 446 6277

Mobile: +971 50 473 4482 Mobile: +971 56 174 8183

Email: Radwa.Shehab@adib.com Email: ADIB@brunswickgroup.com