Global Finance
Names the World’s Best Islamic Financial Institutions 2013
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 years 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 extensiveconsultations 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 bestthe 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 Finances
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:
kfrey@gfmag.com
To obtain the Best Islamic Financial Institution Award logo, please contact Chris Giarraputo:
chris@gfmag.com
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 |
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 DAlgrie |
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 Trk |
|
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 |
