Blockchain-based e-Marketplace TradeAssets Awards Abu Dhabi Islamic Bank (ADIB)

• Abu Dhabi Islamic Bank (ADIB) has received the e-marketplace Champion Award.
• In recognition of digital adoption excellence from blockchain-based e-Marketplace TradeAssets.

Leading Islamic financial institution Abu Dhabi Islamic Bank (ADIB) has received the e-marketplace Champion Award. More so, the award is given in recognition of its excellence in digital adoption. From blockchain-powered e-Marketplace TradeAssets.

As part of ADIB’s partnership with TradeAssets, an online marketplace for trade finance transactions, ADIB was the first Islamic bank to successfully utilize Blockchain technology to distribute trade finance last year.

To note, ADIB constantly delivers new technologies in strategic partnership signed with TradeAssets, to strengthen the business productivity. Moreover, the ADIB has got 130 deals with total value of more than $128M till date and 11 Bangladesh banks. 

Abdulla Shehhi, Global Head International Business Group (IBG) of ADIB,

“Through the successful implementation of TradeAssets, ADIB has demonstrated to the world its commitment to efficiency, productivity, innovation and leading the way business should be done in a digital world.”

Through its flagship ADIB Direct platform, ADIB offers businesses a range of digital cash, trade, and foreign exchange offerings. In addition, the companies of all sizes can manage their finances more efficiently with ADIB Direct. 

Evenmore, the customizable dashboards, cashflow forecasts, and online trade issuance and financing are key features available on any device, including mobile.

ADIB’s Past Awards and Recognitions

Over the past few months, ADIB has recognized by number of awards, for its trade finance  and digital cash management offerings. Moreover, it includes ‘Best Islamic Financier’ at the International Trade Finance Awards 2019, ‘Best Islamic Trade Finance Provider’ and ‘Best Online Cash Management in the Middle East’ and ‘Best Islamic Digital Bank’ by Global Finance. 

Furthermore, the bank was named ‘World’s Best Islamic Bank’ by the FT’s The Banker Magazine, ‘Best Premium Banking Service in the UAE’ from Banker Middle East, and ‘Best Islamic Bank’ at the EMEA Banking Awards.