Al Hilal Bank: Setting an Example
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Reference: IVEY-9B11N019-E
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Year: 2011
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Number of pages: 15
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Geographic Setting: United Arab Emirates
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Publication Date: Oct 24, 2011
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Fecha de edición: Mar 8, 2012
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Source: Ivey Business School (Canada)
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Type of Document: Case
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Industry Setting: Finance and Insurance;
On December 22, 2010, the chief executive officer of Al Hilal Bank in the United Arab Emirates was preparing to address a group of international banking executives who were interested in understanding what decisions had contributed to Al Hilal’s success thus far, and what challenges the bank would face in 2011 and beyond. In two and a half years, Al Hilal had developed a respected and fast-growing Islamic bank. The Al Hilal team had combined a foundation of strong corporate governance practices, a strong risk management framework, and an innovative customer service culture. As proof of its success, it had become profitable in the third quarter of 2009, and profits were rising rapidly.
·Governance in Islamic banks: unique drivers and solutions. ·Role of banks in the economy.Innovation in banking.