Application Process

Register your interest and download the application form. Email your completed form to by 18 July 2017.

The Advisory Board will evaluate all applications against the award objectives.

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Application Process

  • The Advisory Board will review all submissions and assess their feasibility and alignment with the Challenges and Award criteria and objectives.
  • Shortlisted submissions for Ethical Finance Challenge will be announced by end of August 2017.
  • You will then present your initiative/solution to the Advisory Board in a workshop that will take place by end of September 2017 in UAE.
  • Following the completion of the second phase, all submissions will be evaluated by the Advisory Board, which will then select the finalists for each category.
  • Finalists must make a formal presentation of their initiatives/solutions to the audience at the EFICA Gala Dinner.
  • The audience’s votes will determine the winner for the Ethical Finance Initiative Challenge.

Submission Criteria & Guidelines

Candidates for the awards may be institutions, firms, research centers, Shariah scholars or an individual/group of individuals.

The Ethical Finance Innovation Challenge and Awards are not open to employees of either Abu Dhabi Islamic Bank or Thomson Reuters, EFICA judges, or anyone involved in the administration of the awards.

Ethical Finance Initiative Award

  • The proposed initiative/product must be an existing initiative/product already offered by a financial institution or any other entity.
  • The initiative/product may be an adaptation of an existing product, as long as the enhancements materially change the nature of the product.
  • The proposal should be based on delivering an ethical outcome and process (ends and means respectively).
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Lifetime Achievement Award

This year the advisory board members will nominate the winner of the Lifetime Achievement Award. They will base their selection on individuals that made a significant impact in the practice of financial services.