Author: Chris Giarraputo

Global Finance Names the World’s Best Islamic Financial Institutions 2013

150x170 IslamicFinance13

NEW YORK, April 19, 2013 - Global Finance magazine has announced its sixth 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 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, we considered factors that range from the quantitative objective to the informed subjective. 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.

“Shariah-compliant finance remains the fastest-growing area of finance worldwide, with more than 500 financial institutions that are either fully Islamic or provide Islamic financial products to their customers, in addition to several hundred more Islamic investment banks and insurance companies, or takaful,” says Global Finance’s publisher Joseph D. Giarraputo. “The winning banks were all noteworthy in their dedication to satisfying their customers’ increasingly sophisticated needs in accordance with the rules of Islamic finance.”

An Awards Ceremony for all winners will be conducted the morning of Saturday, October 12, 2013 at The National Press Club in Washington DC.

For more information on the awards and/or ceremony please contact: Katharine Frey, email:

To obtain the Best Islamic Financial Institution Award logo, please contact Chris Giarraputo:

The unauthorized use of the Best Islamic Financial Institution Award logo is strictly prohibited.

Best Sukuk Bank HSBC
Best Islamic Retail Bank Abu Dhabi Islamic Bank
Best Islamic Investment Bank Samba
Best Takaful (Insurance) Provider Etiqa Takaful Berhad
Best Asset Management Company CIMB Principal Islamic Asset Management
Best Shariah-Compliant Index Provider Dow Jones Islamic Market Indexes
Best Islamic Project Finance Provider Samba
Best Islamic Commodities Provider International Islamic Trade Finance Corporation
Best Islamic Real Estate Finance Provider Qatar Islamic Bank
Best Islamic Fund Manager QInvest
Best Up-and-Comer Boubyan Bank
Islamic Finance Deal of the Year

Jebel Ali Free Zone Islamic financing facility and sukuk

Islamic Financing Facility

Mandated lead arrangers and joint bookrunners:

Abu Dhabi Islamic Bank, Citi, Dubai Islamic Bank, Emirates NBD, National Bank of Abu Dhabi, Samba Financial Group and Standard Chartered

Mandated lead arranger: Mashreqbank


Joint lead managers and bookrunners:

Abu Dhabi Islamic Bank, Citi, Standard Chartered, Dubai Islamic Bank, Emirates NBD, National Bank of Abu Dhabi
Joint lead manager: Samba Financial Group

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

Algeria Banque Albaraka D’Algérie Oman BankMuscat Meethaq
Bahrain Al Baraka Islamic Bank Bahrain Pakistan Meezan Bank
Bangladesh Islami Bank Bangladesh Qatar Qatar Islamic Bank
Brunei Bank Islam Brunei Darussalam Saudi Arabia Al Rajhi Bank
Egypt Faisal Islamic Bank of Egypt Singapore Maybank Singapore Islamic Banking
Indonesia Bank Muamalat Indonesia South Africa Al Baraka Islamic Bank
Jordan Jordan Islamic Bank Sudan Faisal Islamic Bank of Sudan
Kazakhstan Al Hilal Islamic Bank Turkey Kuveyt Türk
Kuwait Kuwait Finance House United Arab Emirates Abu Dhabi Islamic Bank
Lebanon Al Baraka Bank Lebanon United Kingdom Bank of London and the Middle East
Malaysia Maybank Islamic Berhad United States American Finance House Lariba
Nigeria Jaiz Bank