PRESS RELEASE: World’s Best Bank Awards 2024 – Islamic Financial Institutions

Global Finance has announced its seventeenth annual awards for the World’s Best Islamic Financial Institutions. A full report on the selections will appear in Global Finance’s World’s Best Banks special issue in May, as well as online at The winners of this year’s awards are those firms that contributed to the growth of Islamic financing. They successfully met their customers’ needs for Shariah-compliant products with modern and efficient delivery channels, while creating the foundation for continued growth and safety in the future.

“In a year of high-profile mergers and acquisitions in the Islamic financial markets and continued growth of sustainable finance, Sharia-compliant banking only continues to grow,” said Joseph D. Giarraputo, founder and editorial director of Global Finance. “Global Finance’s annual World’s Best Islamic Financial Institutions awards acknowledge the industry leaders in volatile times.”

All selections were made by the Global Finance editorial team after extensive consultations with bankers, corporate finance executives and analysts worldwide. Entry submissions from Islamic Financial Institutions were also considered. In selecting these top firms, factors that ranged 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 firms with which customers around the world would most likely want to do business.

The complete list of Global Finance’s World’s Best Islamic Financial Institutions 2024 follows.

For editorial information, please contact Andrea Fiano, editor,

Global Winners

Best Islamic Financial InstitutionKuwait Finance House
Best Islamic Corporate BankKuwait Finance House
Best Islamic Retail BankAl Rajhi Bank
Best Islamic Bank for CSRBoubyan Bank
Best Islamic Bank for ESGAbu Dhabi Islamic Bank
Best Islamic Private BankDukhan Bank
Best Sukuk BankCIMB Islamic Bank
Best Islamic Investment BankGFH Financial Group
Best Islamic Fund ManagerSidra Capital
Best Islamic SME BankMaybank Islamic
Best Islamic Asset ManagerAl Rajhi Capital
Bst Islamic Trade Finance ProviderMaybank Islamic
Best Islamic TakafulEtiqa Takaful Berhad
Best Islamic Project Finance ProviderKuwait Finance House

Regional Winners

AsiaMaybank Islamic
Middle EastAl Rajhi Bank

Country, Territory and District Winners

BahrainBank ABC Islamic
Brunei DarussalamBank Islam Brunei Darussalam Berhad
EgyptADIB Egypt
IndonesiaBank Syriah Indonesia
JordanJordan Islamic Bank
KuwaitBoubyan Bank
MalaysiaMaybank Islamic
MoroccoUmnia Bank
OmanBank Nizwa
PakistanMeezan Bank
QatarDukhan Bank
Saudi ArabiaAl Rajhi Bank
Sri LankaAmana Bank
TunisiaAl Baraka Bank Tunisia
TurkeyKuveyt Türk Katilim Bankasi
UAEAbu Dhabi Islamic Bank


Global Finance’s World’s Best Banks 2024 Awards Ceremony

Winners will be honored at an Awards Ceremony held during the IMF/World Bank Annual Meetings Washington, DC on the morning of October 26, 2024. For more information on the event, please contact Giulia Cattani at

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries, territories and districts. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — — offers analysis and articles that are the legacy of 37 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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