
OCTOBER 23 | 19
The winners of the 14th annual Islamic Business & Finance Awards were announced at a gala dinner held at the Ritz-Carlton DIFC, Dubai on Wednesday 23 October 2019, attended by more than 150 of the top Islamic bankers in the region, as well as leaders from across the Islamic finance landscape.
Islamic Business & Finance, the authoritative voice of the global Islamic finance industry and the broader Islamic economy, has a worldwide circulation that spans every continent. Celebrating its 14th anniversary in 2019, Islamic Business & Finance is the oldest continuously published magazine covering the Islamic finance sector. It is published by CPI Financial—based in Dubai since 1999—offering a comprehensive portfolio of market-leading periodicals, products and services tailor-made for the banking and financial sector.
As part of its mission, CPI Financial has, since its inception, held the Islamic Business & Finance Awards in order to award the pioneers of the Islamic banking and broader financial sector. As the Islamic finance industry continues to grow and innovate, its awards programme, supported by the DIFC, will continue to recognise the pioneers in the Islamic finance landscape and laud their many achievements that are integral to the industry’s continued growth.
In 2019, Islamic Business & Finance identified 24 award categories that provide global recognition to exceptional financial institutions across the wide spectrum of banking and finance. Institutions nominated themselves in all relevant categories as deemed appropriate. The Islamic Business & Finance judging panel identified a shortlist of three institutions for most categories, with four for categories with an outstanding number of nominations. Individual awards were decided exclusively by the judging panel.
“The Islamic finance industry continues to grow worldwide, but more importantly, it continues to innovate. With the issuance of both green and blockchain-based Sukuk in 2019, It is clear that the Islamic economy will continue to embrace the inevitable technological future that is already transforming banking and finance, as well as recognise the ethical framework on which it is based that can be a beacon for the entire world as the broader financial community finally moves towards sustainable investment and ensuring a positive social and environmental impact,” said William Mullally, Editor, Islamic Business & Finance on the occasion.
“Congratulations to the winners of this year’s Islamic Business & Finance Awards. The winning institutions, as well as those shortlisted, lead the way for the Islamic finance community while navigating a tricky financial landscape, and we at CPI Financial are proud to once again honour their myriad achievements. We look forward to seeing what these leading institutions accomplish in the coming year and beyond, and to welcoming their top representatives to the 15th annual Awards ceremony in 2020,” said Nigel Rodrigues, CEO, CPI Financial.
The full list of Islamic Business & Finance winners is as follows:
Best Training Institute
Bahrain Institute of Banking and Finance
Best Ratings Agency
S&P Global Ratings
Best Takaful Operator
SALAMA – Islamic Arab Insurance Co.
Best Fintech Company
DDCAP Group
Best Digital Banking Proposition
Emirates Islamic
Best Advisory Service
Greenstone Equity Partners
Best Human Capital Development Initiative
Dubai Islamic Bank
Best Sustainability Initiative
Al Baraka Bank Syria
Best Retail Bank
Emirates Islamic
Best Corporate Bank
The National Commercial Bank
Best Investment Fund
Albilad Capital
Best Investment Product
First Abu Dhabi Bank
Best Investment Bank
GFH Financial Group
Best Investor Relations
Dubai Islamic Bank
Best Asset Manager
SEDCO Capital
Best REIT Manager
Emirates REIT
Best Sukuk Arranger
Dubai Islamic Bank
Best SME Bank
RAKBANK Islamic Banking
Best Islamic Wealth Management Proposition
Lombard Odier
Best Premium Banking Institution
Noor Bank
Best Home Finance Institution
Ajman Bank
Best Islamic Window
National Bank of Fujairah
Best Islamic Banking Implementation
Infosys Finacle and aafaq Islamic Finance
Best Islamic Bank
Dubai Islamic Bank
Outstanding Contribution to Islamic Finance
Dr. Adnan Chilwan
Group CEO, Dubai Islamic Bank
Islamic Banker of the Year
Mazin Al-Nahedh
Group CEO, Kuwait Finance House – Kuwait
INFO
DATE
23rd October 2019
ADDITIONAL INFO
Gala Dinner
VENUE
The Ritz-Carlton DIFC, Dubai, United Arab Emirates