Douglas Beckett, Head of Retail Banking receives the award on behalf of Abdul Aziz Al Ghurair
Mashreq Al Islami, the Islamic banking division of Mashreq won 2 awards at the recent Fifth Annual Islamic Business and Finance Awards for "Best Islamic Window" and "Best Advertising Campaign". The Islamic Business and Finance Awards are recognized around the world as among the most distinguished Awards programs within the financial industry.
H.E. Abdul Aziz Al Ghurair, CEO, Mahsreq commented, "We are extremely pleased with this award that recognizes our efforts to offer innovative Sharia'h Complaint products and services. Our objective in Mashreq Al Islami is to be a significant player in the Islamic banking industry with market share that enables us to maintain a leadership position. Islamic banking has witnessed rapid growth and it is one of the fastest growing segments, hence as part of Mashreq's commitment to be the region's most convenient and accessible financial institution we ensure that there is always ongoing product development to keep up with the pace of this growth.
The awards included 30 categories for Sharia'h Compliant banks and financial institutions. The Judging panel was made up of international specialists in the Islamic Banking industry. The awards honored exceptional performance of various global and regional organizations as well as distinguished individuals within the Islamic finance industry.
Shortlisted in the Best Islamic Window category, which Mashreq Al Islami won included various International and regional banks such as JP Morgan, Standard Chartered Saadiq, Deutsche Bank, HSBC Amanah, Maybank Islamic amongst others.
Mashreq Al Islami will continue to expand its Sharia'h Compliant product offerings to cater to customer requirements and further strengthen its Islamic banking proposition.Since the rebranding in March 2010, Mashreq Al Islami has focused on offering a full suite of Sharia'h Compliant products and services, with a host of new products launched for both retail and corporate customers. Mashreq Al Islami also provides Islamic Advisory Services, Structuring Finance Solutions, Sukuk Advisory, Islamic Investment Products, and Islamic Treasury Products.