Global Finance Names The World’s Best Islamic Financial Institutions 2015

NEW YORK, April 8, 2015 - Global Finance magazine has announced its eighth 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 and online at GFMag.com. 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 growth and safety in the future, with modern and efficient delivery channels.

All selections were made by the editorial team of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout the world. In selecting these top banks, factors that range from the quantitative objective to the informed subjective were considered. Quantitative criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Among the subjective criteria considered were reputation, customer satisfaction, and the opinions of analysts 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, region or product, but rather the best—the banks with which customers around the world would most likely want to do business.

“The range of Islamic finance products and structures is growing, providing greater opportunities for global participation in the market and use of shariah-compliant funding mechanisms,” says Global Finance publisher and editorial director Joseph D. Giarraputo. “The winning firms in our annual awards provide the safety and security that is essential to users of shariah- compliant products while creating new and innovative structures that accord with the rules of Islamic finance.”