Standard Chartered has been awarded ‘Best International Islamic Bank’ in the Euromoney Islamic Finance Awards 2013, one of the highest accolades in the publication’s annual event that recognises excellence across the Islamic Finance industry globally.
Standard Chartered Saadiq, the Bank’s global Islamic banking arm, was also awarded ‘Best Structured Products House’ and ‘Deal of the Year’ for arranging a USD1.85 billion refinancing for Jebel Ali Free Zone (JAFZA) in the UAE.
Commenting on the awards, Afaq Khan, CEO of Standard Chartered Saadiq, said: ‘We are pleased to have been recognised as a leading player in the Islamic Finance industry. This success is shared with our partners and clients whom we have worked with over the past few years. We are also thankful to our Shariah Board for their thoughtful guidance and support’.
Since 2006, Standard Chartered Saadiq has picked up a total of 106 industry awards, many of these for milestone transactions across key markets in Asia and the Middle East.
Looking at the opportunities for the business in 2013, Afaq Khan added: ‘We are optimistic about the overall growth of the industry in 2013. Standard Chartered remains committed to the Islamic industry and we continue to offer the full range of retail banking, private banking and corporate banking products and services across geographies. With a growing need in this segment across the region and other markets globally, we continue to invest in our people and infrastructure to meet this demand, proactively delivering for our customers and clients’.
Along with the Euromoney awards, Standard Chartered has also been recently recognised for the following deals by Islamic Finance News, another leading industry publication:
Corporate Finance Deal of the Year for Majid Al Futtaim (MAF) Sukuk .
Syndicated Deal of the Year for JAFZA.
Mudarabah Deal and UAE Deal of the Year for Tier 1 Sukuk issuance by Abu Dhabi Islamic Bank (ADIB).
Tawarruq Deal of the Year for Albaraka Turk Syndication.
Qatar Deal of the Year for State of Qatar Sukuk.