Applications Recieved






The annual Ethical Finance Innovation Challenge and Awards (EFICA) returns in 2021 for the 6th time to inspire and assist initiatives that promote ethical and Islamic Finance.

Abu Dhabi Islamic Bank and Refinitiv an LSEG business aspire to change people's live for the better by highlighting the most innovative financial initiatives and giving them support they need to grow and prosper.

EFICA has become a leading finance award selecting winners from more than 450 applications received from around the world and providing the opportunity for 21 finalists to present their initiatives at the EFICA gala dinner and get wider visibility

Awards categories

Ethical Finance Award

The Ethical Finance Initiative Award promotes emerging and innovative ethical financial solutions or initiatives that have been successfully implemented within the financial sector and made a positive social impact for their stakeholders. Prize money of $120,000 will be distributed between the winner and finalists for this award.

Islamic Finance Challenge Award

The Islamic Finance Challenge Award is focused on a an innovative, technology enabled solution that aligns with the principles of Shariah. Abu Dhabi Islamic Bank will consider partnering with the winner to further enhance and roll out the solution.


14 October 2017

Join us at one of the largest financial services events in the UAE, #efica_awards Gala Dinner. Register now!… 

15 October 2017

Leave your mark in the world by voting for the best #EthicalFinance initiative at #efica_awards Gala Dinner…

16 October 2017

Hear from H.E Dr Ahmad Al-Madani, a pioneer in the #IslamicFinance industry at the #efica_awards gala dinner.… 

In 2013 Abu Dhabi Islamic Bank and Refinitiv partnered to launch the world’s first Ethical finance award to inspire and recognise fresh ways of thinking and promote the most dynamic actionable solutions that advance ethics in the world’s financial services businesses.