Emirates Islamic Bank has announced its achievement of winning the award for “Best Islamic Bank for Small and Medium Enterprises” at the prestigious Middle East and Africa Finance Awards 2025. This recognition highlights the bank’s leadership in empowering the SME sector by providing innovative financial solutions that comply with Sharia principles, along with exceptional service quality.
The bank actively serves over 45,000 small and medium enterprises, providing banking services to one in every 15 SMEs, which reflects its significant role in supporting the entrepreneurial landscape in the United Arab Emirates.
In line with its commitment to meet the growing demands of the SME sector, Emirates Islamic continues to enhance its offerings. Earlier this year, the bank launched the Diamond Account for business banking, a sophisticated service designed to deliver a tailored banking experience that addresses the evolving financial needs of high-value SMEs. The bank has further bolstered this support by introducing leading digital innovations, forming strategic partnerships, and increasing the use of advanced analytics to better understand SME behaviors, customize solutions, and proactively support business growth. These improvements contribute to the bank’s leadership in providing Sharia-compliant banking solutions for SMEs.
Addressing Needs
Mohamed Kamran Wajid, Deputy CEO at Emirates Islamic, stated: “This award reflects our unwavering commitment to understanding and addressing the changing needs of SME clients, as well as supporting the broader ecosystem of this sector, which is a vital driver of economic growth in the UAE. Through our comprehensive digital services and personal relationship management, we aim to offer financial solutions that are easily accessible, efficient, and compliant with Sharia principles, empowering entrepreneurs and fostering sustainable business growth.”
Smart Solutions
Mohamed Al-Hadi, Head of Personal Banking and Wealth Management at Emirates Islamic, commented: “Receiving the award for ‘Best Islamic Bank for Small and Medium Enterprises’ is a testament to our ongoing efforts to support the SME sector at every stage of its growth journey. Through our smart digital solutions, data-driven insights, and Sharia-compliant offerings, we strive to equip these businesses with the tools and confidence needed to navigate the current dynamic and competitive business environment.”