ADIB receives 200 applications for the Ethical Finance Innovation Challenge and Awards (EFICA)

• 23 applicants shortlisted for the Ethical Finance Initiative Award category
• 5 applicants shortlisted for the Islamic Finance Challenge Award category

Abu Dhabi, UAE; 26 September 2021: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, and Refinitiv, a London Stock Exchange Group business, have received 200 applications from across the world for their 6th edition of Ethical Finance Innovation Challenge and Awards (EFICA) which recognises companies and individuals that successfully develop ground-breaking solutions for the Islamic finance industry.

The Award program, which is presented in two categories, shortlisted 23 applicants for the Ethical Finance Initiative Award, and 5 applicants for the Islamic Finance Challenge Award. Prize money of $120,000 will be distributed across the winner and the finalists of the award.

Entries for the Ethical Finance Initiative Award recognizes individuals and organisations that offer emerging and innovative ethical financial solutions or initiatives that have been successfully implemented and that have made a positive social impact for their stakeholders.