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Financial Institutional Excellence · FIE Musrefy Award 2026

Institutional Excellence Award

Honours institutions achieving well-rounded performance and lasting results in line with best practice.

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How this award is scored

Evaluation
100% automatic, from the data and evidence you submit
Minimum score to win
75 / 100
Measurement period
The full financial year 2025 (or the latest financial year completed before nominations open); growth is measured against financial year 2024

Who can apply

  • A licensed financial institution or a public body working in the financial and banking sector
  • Operating for at least 3 years before the start of the measurement period
  • No material regulatory or judicial sanction against the entity during the measurement period
  • The nomination is for the institution as a whole

Indicators and weights

  1. External excellence model assessment

    Result of the latest external assessment in the last three years under EFQM or a recognised government or national excellence model

    25%

    Points

    • Top level (500+ EFQM points or winning the main national excellence award)100
    • 400–499 points or winning a sub-category of a national award75
    • 300–399 points or a certificate of recognition50
    • Below 300 points or a commitment-to-excellence certificate20
    • No external assessment0

    Evidence

    Assessment report or certificate from the assessor, with its date

  2. Strategic plan KPI achievement

    Share of the 2025 key performance indicators in the plan that met or exceeded their target, where the indicators and targets were board-approved before 1 January 2025; an indicator added, or whose target was revised, during the year counts as not met

    15%

    Points

    • 90 – < 100 % 100
    • 75 – < 90 % 80
    • 60 – < 75 % 50
    • 0 – < 60 % 20

    Evidence

    The 2025 plan approved before the year began and the board-approved performance report listing each indicator, its target and its result

  3. Employee engagement

    Engagement or job satisfaction score in an annual survey answered by at least 60% of employees using a standard instrument

    15%

    Points

    • 80 – < 100 % 100
    • 70 – < 80 % 80
    • 60 – < 70 % 50
    • 0 – < 60 % 20

    Evidence

    Survey report with participation rate, instrument and the party that ran it

  4. Customer satisfaction

    Share of satisfied or very satisfied customers in a survey of at least 400 respondents run independently or under a published method

    15%

    Points

    • 90 – < 100 % 100
    • 80 – < 90 % 80
    • 70 – < 80 % 50
    • 0 – < 70 % 20

    Evidence

    Survey report with sample size, method and the party that ran it

  5. Voluntary staff turnover

    Employees who resigned voluntarily in the year as a percentage of average headcount

    10%

    Points

    • ≥ 15 % 10
    • 10 – < 15 % 40
    • 5 – < 10 % 70
    • 0 – < 5 % 100

    Evidence

    Certified HR report with headcount and resignations

  6. Training hours per employee

    Total completed and documented training hours in the year divided by average headcount

    10%

    Points

    • ≥ 40 hours 100
    • 25 – < 40 hours 80
    • 10 – < 25 hours 50
    • 0 – < 10 hours 20

    Evidence

    Learning management system report or certified training register

  7. Certified management systems

    Number of valid management system certificates from an accredited body: ISO 9001, ISO/IEC 27001, ISO 22301, ISO 37001, ISO 14001, ISO 10002, ISO 45001, ISO/IEC 20000

    10%

    Points

    • 5 – < 8 count 100
    • 3 – < 5 count 70
    • 1 – < 3 count 40
    • 0 – < 1 count 0

    Evidence

    Copies of valid certificates with their scope and expiry date

Each indicator gives 0 to 100 points; its share of the total is its weight. Ties are decided by the indicators listed first in the scorecard; payment or package never affects the score.

Cycle timeline

  1. Done

    Nominations open

  2. Upcoming

    Nominations close

  3. Upcoming

    Judging starts

  4. Upcoming

    Judging ends

  5. Upcoming

    Results announced

Times are in Asia/Riyadh (UTC+03:00).

Results

Results are announced only after final approval.

Finalists and winners will appear here once the results have been approved and published.