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

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.


Best Islamic Financial Institution
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


Gulf Cooperation Council (GCC)
Kuwait Finance House
Non-GCC Middle East/North Africa
Al Baraka Banking Group
Asia-Paci c
CIMB Islamic Bank
Al Rayan Bank


Afghan United Bank
Banque Al Baraka D’Algérie
Al Baraka Bank Bahrain
Shahjalal Islami Bank
Brunei Darrussalam
Bank Islam Brunei Darussalam
Abu Dhabi Islamic Bank Egypt
Bank Muamalat Indonesia
Jordan Islamic Bank
Al Hilal Islamic Bank
Boubyan Bank
Al Baraka Bank Lebanon
Maybank Islamic
Jaiz Bank
alizz islamic bank
Meezan Bank
Arab Islamic Bank
Qatar Islamic Bank
Saudi Arabia
CIMB Islamic Bank Singapore
South Africa
Al Baraka Islamic Bank
Sri Lanka
Amana Bank
Al Baraka Bank Tunisia
Kuveyt Türk
Noor Bank
Al Rayan Bank
Devon Bank

***When referencing this release, please include a link to and a link to coverage of the awards at 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 — — 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.

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Andrea Fiano |

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Chris Giarraputo |

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