Al-Amal Microfinance Bank wins the Innovators 2020 Award from Global Finance Magazine

The Global Finance Magazine has announced the selection of its eighth annual program award (The Innovators winners 2020), which Al-Amal Microfinance Bank, one of AGFUND financial inclusion banks, ranked the 2nd position along with 4 wining banks for Islamic Finance category. This annual award aims to encourage financial innovation in the world by selecting the most innovative financial technology institutions in several sectors such as Cash Management, Corporate Finance, Islamic Finance, Payments and Trade Finance. Al-Amal Microfinance Bank won the Islamic Finance category along with four other Islamic banks, which are Abu Dhabi Islamic Bank, Gulf International Bank and Qatar Islamic Bank. Those four banks are among the leading Islamic banks in providing Islamic banking services on Arab and regional levels. With the help of input of reporters who are experts, analysts and executives directors of specialized companies around the world, the editorial board of Global Finance has selected financial and technological institutions winners. Long discussions were held to choose the winning innovators taking in concern banks quantitative parameters like the growth in assets and profitability, geographical dimension, strategical relationship, new innovative products, reputation of banks and financial institution, customers ’opinions on them. In addition to the nominated products role in devoting digital technology to re-provide financial services in an applicable innovative way, and its impact on the achievement of special financial inclusion for financial services disadvantaged groups.  Global Finance is a monthly magazine founded in 1987 by publishing entrepreneurs Joseph Giarraputo and Carl Burgen. Its headquarters are in New York, with offices in London and Milan. The magazine has a circulation of 50,050, audited by BPA, and readers in 163 countries. Global Finance’s audience includes Chairmen, Presidents, CEOs, CFOs, Treasurers and other senior financial officers responsible for making investment and strategic business decisions at multinational companies and financial institutions. The magazine started its website in 2002. provides a valuable source of data on 192 countries and offers analysis, articles and awards that are the heritage of over 30 years of experience in international financial markets.

Publish date:  11 May 2020
Category:  AGFUNDs_sister_organizations