The winners of this year’s awards are those firms 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.
NEW YORK, April 13, 2016 - Global Finance magazine has announced its ninth 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.
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 firms, 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 diversifed in a given country, region or product, but rather the best—the firms with which customers around the world would most likely want to do business.
“Islamic finance continues to expand rapidly—both geographically and in terms of structures and products,” says Global Finance publisher and editorial director Joseph Giarraputo.
“Those firms that have been named as this year’s Best Islamic Financial Institutions have consistently supported the needs of their clients. They are able to respond dynamically to the changing environment for Shariah-compliant financing, while upholding both the spirit and the letter of Shariah law.”
The full list of Global Finance’s World’s Best Islamic Financial Institutions 2016 can be found on the following pages.
Winners will be honored at an Awards Ceremony conducted the morning of October 8th during the IMF/World Bank Annual Meetings in Washington, DC.
GLOBAL WINNERS |
|
|---|---|
Best Islamic Financial Institution |
Samba |
Best Sukuk Bank |
Maybank Islamic |
Best Bank for Islamic IPOs |
J.P. Morgan |
Best Islamic Retail Bank |
Qatar Islamic Bank |
Best Islamic Investment Bank |
Jadwa Investment |
Best Islamic Custodian |
Deutsche Bank |
Best Provider of Shariah-Compliant Funds |
Al Rajhi Capital |
Best Provider of Shariah-Compliant Short-Term Investments |
Maybank Islamic |
Best Islamic Financial Institution for SMEs |
Abu Dhabi Islamic Bank |
Best Islamic Financial Institution for Large Corporates |
Dubai Islamic Bank |
Best Islamic Asset Management Company |
Al Rajhi Capital |
Best Shariah-Compliant Index Provider |
MSCI Islamic Index Family |
Best Islamic Trade Finance Provider |
Dubai Islamic Bank |
Best Islamic Project Finance Provider |
Kuwait Finance House |
Best Islamic Commodities Provider |
International Islamic Trade Finance Corporation |
Best Islamic Real Estate Finance Provider |
Noor Bank |
Best Up-and-Coming Islamic Financial Institution |
Qatar First Bank |
Best Islamic Financial Center |
Malaysia International Islamic Finance Centre (MIFC) |
Best Stock Exchange For Shariah-Compliant Listings |
Dubai Financial Market |
Sukuk Deal of the Year |
National Commercial Bank, SAR 2.7 billion ($720 million) Tier 1 Perpetual Sukuk Lead Arranger:NCB Capital |
IPO/Equity Deal of the Year |
Saudi Ground Services, SAR2.8 billion ($752 million) IPO Lead Manager:HSBC Saudi Arabia |
Real Estate Deal of the Year |
Purple Boulevard Bhd, MYR 450 million ($117 million) Asset- Backed Ijarah Programme for the Ampang Point Shopping Complex Lead Arranger:Hong Leong Investment Bank |
REGIONAL WINNERS |
|
|---|---|
Gulf Cooperation Council (GCC) |
Kuwait Finance House |
Non-GCC Middle East/North Africa |
Al Baraka Banking Group |
Asia-Paci c |
CIMB Islamic Bank |
Europe |
Al Rayan Bank |
COUNTRY WINNERS |
|
|---|---|
Afghanistan |
Afghan United Bank |
Algeria |
Banque Al Baraka D’Algérie |
Bahrain |
Al Baraka Bank Bahrain |
Bangladesh |
Shahjalal Islami Bank |
Brunei Darrussalam |
Bank Islam Brunei Darussalam |
Egypt |
Abu Dhabi Islamic Bank Egypt |
Indonesia |
Bank Muamalat Indonesia |
Jordan |
Jordan Islamic Bank |
Kazakhstan |
Al Hilal Islamic Bank |
Kuwait |
Boubyan Bank |
Lebanon |
Al Baraka Bank Lebanon |
Malaysia |
Maybank Islamic |
Nigeria |
Jaiz Bank |
Oman |
alizz islamic bank |
Pakistan |
Meezan Bank |
Palestine |
Arab Islamic Bank |
Qatar |
Qatar Islamic Bank |
Saudi Arabia |
Samba |
Singapore |
CIMB Islamic Bank Singapore |
South Africa |
Al Baraka Islamic Bank |
Sri Lanka |
Amana Bank |
Tunisia |
Al Baraka Bank Tunisia |
Turkey |
Kuveyt Türk |
UAE |
Noor Bank |
UK |
Al Rayan Bank |
US |
Devon Bank |
***When referencing this release, please include a link to GFMag.com and a link to coverage of the awards at https://www.gfmag.com/media/press-releases/global-finance-names-worlds-best-islamic-financial-institutions-2016 as well as the ‘About Global Finance’ paragraph below. Thank you.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 191 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
For editorial information please contact:
Andrea Fiano | afiano@gfmag.com
To obtain rights to use the Global Finance World’s Best Islamic Financial Institutions 2016 logo or any other Global Finance logos, please contact:
Chris Giarraputo | chris@gfmag.com
The unauthorized use of Global Finance Award logos is strictly prohibited.
