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 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.”


  Best Sukuk Bank CIMB Islamic Bank Berhad
  Best Islamic Retail Bank Maybank Islamic Berhad
  Best Islamic Private Bank  NCB
  Best Islamic Investment Bank  CIMB Islamic Bank Berhad
  Best Islamic Custodian Deutsche Bank
  Best Takaful (Insurance) Provider  Etiqa Takaful Berhad
  Best Retakaful Provider  Swiss Re Retakaful
  Most Innovative Institution Noor Bank
  Most Innovative New Structure  Islamic Bank of Asia
  Best Asset Management Company  CIMB Principal Islamic Asset Management
  Best Shariah-Compliant Index Provider Thomson Reuters IdealRatings Islamic Indices
  Best Law Firm with Islamic Services  Allen & Overy 
  Best Islamic Project Finance Provider NCB 
  Best Islamic Commodities  Provider Dubai Multi Commodities Centre
  Best Islamic Real Estate Finance Provider  Qinvest
  Best Islamic Fund Manager  Al Rajhi Capital
  Best Up-and-Comer Itqan Capital 
  Islamic Finance Deal of the Year International Finance Facility for Immunisation (IFFIm)
$500 million sukuk, the proceeds of which were
used to to buy vaccines.


  Gulf Cooperation Council (GCC)  Kuwait Finance House
  Non-GCC Middle East/North Africa  Al Baraka Bank
  Asia-Pacific  Maybank Islamic Berhad
  Europe  Bank of London and the Middle East 


  Afghanistan Afghan United Bank
  Algeria Banque Albaraka D’Algérie 
  Azerbaijan Kauthar Bank
  Bahrain Al Baraka Islamic Bank Bahrain
  Bangladesh Islami Bank Bangladesh
  Brunei Bank Islam Brunei Darussalam
  Egypt Al Baraka Egypt
  Gambia The Arab Gambian Islamic Bank
  Indonesia Bank Muamalat Indonesia
  Jordan Jordan Islamic Bank
  Kazakhstan Al Hilal Islamic Bank
  Kenya Gulf African Bank
  Kuwait Boubyan Bank
  Lebanon BLOM Development Bank
  Malaysia Maybank Islamic Berhad
  Mauritania Banque Al-Wava Mauritanienne Islamique
  Morocco Attijariwafa Bank
  Nigeria Jaiz Bank
  Oman BankMuscat Meethaq 
  Pakistan Meezan Bank
  Palestine Palestine Islamic Bank
  Qatar Barwa Bank
  Saudi Arabia NCB 
  Senegal Banque Islamique du Senegal
  Singapore Maybank Singapore Islamic Banking 
  South Africa FNB Islamic
  Sri Lanka Amãna Bank
  Syria Al Baraka Syria
  Turkey Kuveyt Türk
  Thailand Islamic Bank of Thailand
  UAE Al Hilal Bank
  United Kingdom Al Rayan Bank
  United States American Finance House Lariba
  Yemen Tadhamon International Islamic Bank  



No comments yet

Add a Comment

You must be a registered user with Global Finance Magazine to comment.

Forgot Password?