Author: Dan Keeler

Global Finance names the World's Best Islamic Financial Institutions 2010

NEW YORK, April 15, 2010 – Global Finance magazine has announced its 3rd annual awards for the World's Best Islamic Financial Institutions. A full report on the selections will appear in the June issue of Global Finance. The winners of this year's awards are those banks that contributed to the growth of Islamic financing and successfully met their customers' needs for Shariah-compliant products, while creating the foundation for continued fast growth in the future.

All selections were made by the editors of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout the world. In selecting these top banks, we considered factors that range from the quantitative objective to the informed subjective. Banks were invited to submit entries supporting their selection. Amid nominallly objective criteria were growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included opinions of equity analysts, banking consultants and others involved in the industry.
The mix of these factors yields leading banks that may not be the largest, oldest or the most diversified in a given country, but rather the best – the banks with which customers around the world would most likely want to do business.

"Islamic finance is growing rapidly, evolving and maturing," says Global Finance's publisher Joseph D. Giarraputo. "It has been a major success story in the financial services industry.
We are honoring those institutions that are responsible for this success."

For editorial information please contact: Dan Keeler, Editor, email:


Best Sukuk Bank

CIMB Islamic

Best Islamic Retail Bank

Jordan Islamic Bank

Best Islamic Investment Bank

Standard Chartered

Best Takaful Provider

Takaful Ikhlas

Best Asset Management Company

CIMB-Principal Islamic Asset Management

Best Shariah-Compliant Index Provider

Dow Jones Islamic Market Indexes

Best Islamic Project Finance Provider

Qatar Islamic Bank

Best Islamic Commodities Provider

Best Islamic Real Estate Finance Provider Kuwait Finance House
Best Islamic Fund Manager Falcom
Most Improved Islamic Finance Provider Samba Financial Group
Islamic Finance Deal of the Year Tourism Development & Investment Company Abu Dhabi


Gulf Cooperation Council (GCC)

Kuwait Finance House

Non-GCC Middle East/Africa

Absa Islamic Banking


CIMB Islamic


European Islamic Investment Bank



Al-Salam Bank Algeria


Bahrain Islamic Bank


Islami Bank Bangladesh


Bank Islam Brunei Darussalam


Faisal Islamic Bank of Egypt


Bank Muamalat Indonesia


Jordan Islamic Bank


Al-Hilal Islamic Bank
Kuwait Kuwait Finance House
Lebanon Arab Finance House
Malaysia CIMB Islamic Bank


Meezan Bank
Qatar Qatar Islamic Bank
Saudi Arabia Falcom
Singapore Islamic Bank of Asia
Sudan Al Salam Bank


Türkiye Finans
United Arab Emirates Dubai Islamic Bank
United Kingdom Bank of London and the Middle East
United States Devon Bank