World’s Best Islamic Financial Institutions 2013

Global FinanceNames the World’s Best Islamic Financial Institutions 2013

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NEW YORK, April 19, 2013Global Financemagazine 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 ofGlobal 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 ofGlobal 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,” saysGlobal Finance’spublisher 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,

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

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

Best Sukuk BankHSBC
Best Islamic Retail BankAbu Dhabi Islamic Bank
Best Islamic Investment BankSamba
Best Takaful (Insurance) ProviderEtiqa Takaful Berhad
Best Asset Management CompanyCIMB Principal Islamic Asset Management
Best Shariah-Compliant Index ProviderDow Jones Islamic Market Indexes
Best Islamic Project Finance ProviderSamba
Best Islamic Commodities ProviderInternational Islamic Trade Finance Corporation
Best Islamic Real Estate Finance ProviderQatar Islamic Bank
Best Islamic Fund ManagerQInvest
Best Up-and-ComerBoubyan 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/AfricaAl Baraka Bank
AsiaMaybank Islamic Berhad
EuropeBank of London and the Middle East
AlgeriaBanque Albaraka D’AlgérieOmanBankMuscat Meethaq
BahrainAl Baraka Islamic Bank BahrainPakistanMeezan Bank
BangladeshIslami Bank BangladeshQatarQatar Islamic Bank
BruneiBank Islam Brunei DarussalamSaudi ArabiaAl Rajhi Bank
EgyptFaisal Islamic Bank of EgyptSingaporeMaybank Singapore Islamic Banking
IndonesiaBank Muamalat IndonesiaSouth AfricaAl Baraka Islamic Bank
JordanJordan Islamic BankSudanFaisal Islamic Bank of Sudan
KazakhstanAl Hilal Islamic BankTurkeyKuveyt Türk
KuwaitKuwait Finance HouseUnited Arab EmiratesAbu Dhabi Islamic Bank
LebanonAl Baraka Bank LebanonUnited KingdomBank of London and the Middle East
MalaysiaMaybank Islamic BerhadUnited StatesAmerican Finance House Lariba
NigeriaJaiz Bank