Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, announced today that it received the award for 'Best Islamic Wealth Management Service Provider' at the recent 2012 Sukuk Summit - Islamic Finance Awards of Excellence held in London.
The award ceremony was held alongside the two-day investment summit in London, which brought together leaders and experts from across the world to meet and discuss the Islamic investment space.
The panel of judges was made up of respected industry experts from across the GCC, Europe and South East Asia, who were responsible for nominating those institutions that they deemed to have attained outstanding achievement, success and excellence over the last 12 months. Institutions and the general public were also entitled to submit nominations for those companies that they felt deserved recognition. All of these factors were then taken into consideration during the selection of winners in the various categories.
"We are proud to receive this important award, which recognises our standing as a leading Islamic asset management service provider," said Deon Vernooy, Senior Executive Officer, Emirates NBD Asset Management. "Today’s announcement is a reflection of our strong commitment to deliver superior products to our investors, through our disciplined research-driven approach to fund management, whilst adhering to the principles of Shari’a. Our team is one of the most experienced in the Middle East, and as such we have been pioneers in helping to develop the Islamic asset management industry in the region.”
This is the second time that Emirates NBD Asset Management has been recognised for leading the way in the field of Islamic asset management by the awards, which recognise the best companies and institutions in the Islamic world. Emirates NBD Asset Management was also the recipient of an award in 2009, for The Emirates Global Sukuk Fund, which was acknowledged as the ‘Best New Entrant in the Sukuk Market’.
“Emirates NBD Asset Management manages a range of products delivering investment growth for our customers. As a result of the long-term investment strategy adopted by our experienced fund management team, our funds have managed to weather difficult market conditions to yield satisfactory results. We will continue to work towards delivering sustained returns for our customers,” added Vernooy.