8th Islamic Retail Banking Awards 2022 by Cambridge IFA
Upcoming Islamic Retail Banking Window in Pakistan 2022
U Bank Islamic Banking received the prestigious international award for Upcoming Islamic Retail Banking Window in Pakistan 2022 during the 8th Islamic Retail Banking Awards 2022, hosted by Cambridge IFA in Indonesia. The award honored U Bank’s introduction of Shari’ah-compliant financial solutions in Pakistan and came soon after U Bank’s full-scale commercial launch of Islamic Banking services nationwide. The bank’s Islamic Banking services were piloted in 2022 and encompass many cities across Pakistan, thus financially including the segment of society that seeks banking services in line with Islamic values.
Asian Banking & Finance (ABF) Retail Banking Awards – 2022
Microfinance Bank of the Year – Pakistan | Islamic Banking Initiative of the Year – Pakistan
U Microfinance Bank bagged two internationally recognized awards by Asian Banking & Finance (ABF) Retail Banking Awards 2022 for its performance in 2021-2022. These accolades paid tribute to U Microfinance Bank’s tireless endeavors over the past seven years towards increasing financial inclusion in the country and serving the unbanked population. ABF also recognized our introduction of Islamic banking services in Pakistan providing our clients with tailor-made, Shariah-compliant solutions for their financing needs. The Asian Banking & Finance Retail Banking Awards celebrate Asia’s banking leaders and highlight deserving banking candidates on their innovative product strategies to create a larger impact.
Asian Banking & Finance (ABF) Wholesale Banking Awards – 2022
Domestic Initiative of the Year – Pakistan
U Microfinance Bank received the Domestic Initiative of the Year – Pakistan Award by Asian Banking & Finance (ABF) Wholesale Banking Awards 2022 for its performance in 2021-2022. The award was presented to appreciate U Bank’s issuance of its first-ever Social Impact Bond, aimed to be used to finance loans for renewable energy, private schooling, low-cost housing, and Small & Medium Enterprises (SMEs), primarily in rural Pakistan. This innovative social initiative was widely applauded by ABF Wholesale Banking Awards that honor outstanding banks that have introduced groundbreaking wholesale banking solutions, products, and services that proved to be an industry game-changer.
Global Good Governance Awards – 2022
3G Excellence in Financial Inclusion Award | 3G Best Microfinance Bank in Pakistan
During the Global Good Governance – 3G Awards 2022 U Microfinance Bank Ltd. was awarded 3G Excellence in Financial Inclusion Award and 3G Best Microfinance Bank in Pakistan. The Global Good Governance Awards are held annually to celebrate and acknowledge individuals, institutions and organizations around the world for their impact driven work carried out with social responsibility and good governance.
Global Diversity, Equity & Inclusion Benchmarks (GDEIB) Awards – 2021
U Microfinance Bank Ltd. (U Bank) was awarded the Global Diversity, Equity & Inclusion Benchmarks (GDEIB) Awards 2021 in the following 3 categories.
Asian Banking & Finance (ABF) Retail Banking Award 2021
Rural/Cooperative Bank of the Year – Pakistan
U Microfinance Bank Limited wins the ABF Retail Banking Award 2021 for “Rural/Cooperative Bank of the Year – Pakistan”. With a gross absence of banking facilities in rural areas, winning the Rural Bank of the Year award recognizes U Bank’s efforts in ensuring the availability of modern banking to our core customer group.
Global Business Outlook Awards – 2021
Fastest Growing Microfinance Bank in Pakistan
During the Global Business Outlook Awards in May, 2021 U Microfinance Bank Ltd. (U Bank) was awarded Fastest Growing Microfinance Bank Pakistan. The Global Business Outlook Awards seek to recognise and reward excellence in businesses around the world. They are designed to facilitate the outstanding work of businesses and business leaders across industries, in terms of performance, innovation and drive to create industry value.
Global Good Governance Awards – 2021
3G Creativity and Innovation Award | 3G Best Emerging Leader in Corporate Sector Award
During the Global Good Governance – 3G Awards held on May 25, 2021 U Microfinance Bank Ltd. was awarded The 3G Creativity and Innovation Award and U Bank President & CEO Mr. Kabeer Naqvi won The 3G Best Emerging Leader in Corporate Sector Award. The Global Good Governance Awards are held annually to celebrate and acknowledge individuals, institutions and organizations around the world for their impact driven work carried out with social responsibility and good governance.
Global Diversity & Inclusion Benchmark (GDIB) Awards – 2020
U Microfinance Bank Ltd. (U Bank) was awarded the Global Diversity & Inclusion Benchmark (GDIB) awards in the following 3 categories.
These annual awards that are built upon benchmarks of the Center for Global Inclusion and organized by HR Metrics, recognize progressive organizations across Pakistan who use GDIB standards for sustainable financial and social performance.
Asian Banking and Finance Corporate & Investment Banking Awards – 2020
Microfinance Syndication Deal of the Year – Pakistan
This year, U Microfinance Bank Ltd. (U Bank) was awarded the ABF Corporate & Investment Banking Award 2020 for “Microfinance Syndication Deal of the Year – Pakistan” category. The Syndicate Term loan was executed between U Microfinance Bank Ltd. and Allied Bank Limited in last week of December 2018, with drawdown in trenches, with the purpose of fueling business expansion and growth in loan portfolio.
Global Good Governance Awards – 2020
Best Emerging Microfinance Bank
U Microfinance Bank Ltd. (U Bank) was awarded the Best Emerging Microfinance Bank 2020 during the Global Good Governance – 3G Awards held on June 8, 2020. The Global Good Governance Awards are held annually to celebrate and acknowledge institutions and organizations around the world for their impact driven work carried out with social responsibility and good governance.
