Dar Al Sharia recognised as ‘Best Sharia Advisory Firm’ by Islamic Finance News once again

Dar Al Sharia recognised as ‘Best Sharia Advisory Firm’ by Islamic Finance News once again
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Published October 18th, 2010 - 15:14 GMT

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Dubai
,
Dar Al Sharia
,
Dubai Islamic Bank
,
Dar Al Sharia
,
Sohail Zubairi
,
Al Sharia
,
Hussain Hamed Hassan

Dar Al Sharia, Dubai Islamic Bank's (DIB) Sharia consultancy and Sharia advisory subsidiary, announced today that it has been recognised as the "Best Sharia Advisory Firm," and "Best Islamic Consultancy Firm" by the Islamic Finance News (IFN) Awards Best Service Providers Poll. The only firm to take home more than one award this year, Dar Al Sharia was voted for its high quality Sharia advisory services.

This is the second consecutive year that Dar Al Sharia has been voted the "Best Sharia Advisory Firm" at the IFN Awards, which are considered as the most transparent, definitive and competitive awards in the Islamic finance industry.

Under the guidance of Dr. Hussain Hamed Hassan, Dar Al Sharia has established itself as a one-stop-solution-centre and the market leader in advising on structuring and documentation relating to Islamic banking, finance and insurance (Takaful) products, services and transactions including retail banking, Sukuk (Islamic bonds), Funds, Syndication, Restructuring, Product Development, conversion of conventional financial institutions into Islamic institutions and on-going Sharia supervision and guidance.

Abdullah Al Hamli, Chief Executive Officer, Dubai Islamic Bank said, "We are very proud of the achievements and recognition of Dar Al Sharia in such a short time since its establishment in 2008. Being the world's first Islamic bank, we understand the importance of Sharia guidance delivered in timely manner in order to avoid any Sharia issues in a transaction. Dar Al Sharia seems to have mastered this art and we wish them continued success and our full support going forward."

"Dar Al Sharia is extremely pleased to have received such prestigious awards," said Sohail Zubairi, Chief Executive Officer, Dar Al Sharia. "Since its establishment in 2008, Dar Al Sharia has conceptualised and delivered several innovative Sharia-compliant products and structures to the industry; in addition to being engaged in various high profile transactions in the region", Sohail continued, "We express gratitude to all those who voted for Dar Al Sharia for their contribution to our success."

The Islamic Finance News Awards honours the best in the Islamic financial industry. It is one of the most prestigious awards and highly recognised by the global Islamic capital markets. Established in 2005, The Islamic Finance News Polls continue to be an apt representation of the current Islamic financial market landscape and is the industry's leading and most comprehensive annual poll. 

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