Sharjah Islamic Bank CEO wins ‘Best CEO Award’ in Islamic banking sector

SHARJAH, Sharjah Islamic Bank (SIB) announced that Mohamed Abdalla, CEO of SIB, won the Best CEO Award in The Islamic Banking during the 2022 Awards Ceremony for the Top 100 CEOs in the Gulf Cooperation Council (GCC) countries, which was held at the Pa…

SHARJAH, Sharjah Islamic Bank (SIB) announced that Mohamed Abdalla, CEO of SIB, won the Best CEO Award in The Islamic Banking during the 2022 Awards Ceremony for the Top 100 CEOs in the Gulf Cooperation Council (GCC) countries, which was held at the Palazzo Versace Dubai.

This award is given by "TRENDS - The International" to the best CEOs according to profitability, growth, company size, corporate governance and many other criteria that the award organisers developed in cooperation with the French-based INSEAD Business School and the Dubai-based Hawkamah Institute for Corporate Governance. was previously presented with an award for his work as CEO of Sharjah Islamic Bank.

He was honoured in the 2017 Trends magazine's awards for the top 100 CEOs in the Gulf Cooperation Council countries during a ceremony held in King Abdullah Economic City, Kingdom of Saudi Arabia.

Mohamed Abdalla, CEO of Sharjah Islamic Bank, said, "We are proud to have won this award, which honours the entire team at the bank, highlights the excellence of our Islamic banking services provided to individuals, institutions and companies, and reflects the efforts made in all business sectors. In recent times, we have worked strategically with our brothers in the banking sector in the UAE to contribute to supporting and promoting economic and social growth in the country. At Sharjah Islamic Bank, we are committed to adopting the best practices of corporate governance following an ambitious vision for the future while supporting small to medium-sized companies, entrepreneurs, start-ups and large companies to enhance the UAE's position as a hub for growing sectors."

He added, "We will continue to work on improving and developing services to facilitate customers, enhance commercial and economic activity, and provide innovative and digital products and solutions and services to the highest international standards as we provide our customers with exceptional and smooth banking services."

Sharjah Islamic Bank is keen to adopt a wise approach in applying the standards and principles of corporate governance based on consolidating the principles of disclosure and transparency, integrating rational leadership based on integrity and accountability, optimal use of assets and resources through self-development and employing advanced technology to achieve the SIB's strategy. In addition, the SIB applies the best professional practices in various business sectors, which contributed to the bank earning many local, regional and international awards.

The Top CEO Conference and Awards was launched in 2013 and ranks the top 100 CEOs in the GCC Islamic banks and Financial services listed in 2021 in the Gulf stock markets. The classification formula for the award honours the top 100 business people who have had an active role in the success of their institutions, contributed to the continued growth of the economies of the GCC countries, and achieved superiority in the field of leadership.

Source: Emirates News Agency