DIB dominates Islamic Finance News Awards
• Wins six accolades across categories
• Named Best Islamic Bank in UAE and Best Islamic Finance Wealth Management Provider
• Wins awards for Islamic transactions in UAE and Pakistan
Dubai Islamic Bank (DIB) bagged six awards at the Islamic Finance News Awards 2008 held recently in Dubai. DIB was named the “Best Islamic Bank in the UAE” for 2008, as well as the “Best Islamic Wealth Management Provider”.
DIB received four awards for Islamic finance transactions in the UAE and Pakistan. DIB won the Islamic Finance News Deals of the Year award in the following categories: Sukuk of the Year for Tamweel’s US$300 million Sukuk; Sovereign Deal of the Year for US$ 84 million transaction by Pakistan Domestic Sukuk Company; Corporate Finance Deal of the Year for US$ 400 million Ijarah facility for Al Jaber Group; and Pakistan Deal of the Year for Government of Pakistan US$ 84 million Ijarah sukuk by Pakistan Domestic Sukuk Company.
The awards ceremony was held on March 3, 2009, at the Grand Hyatt Dubai.
Upon receiving the Best Islamic Bank award, Mohammed Sharief, CFO, DIB, said: “I am delighted to announce that once again DIB has been named the ‘Best Islamic Bank in the UAE’ as well as the ‘Best Islamic Wealth Management Provider.’ As the world’s first Islamic bank, DIB is committed to providing a range of innovative Islamic banking services, in addition to managing a range of landmark transactions.
“Islamic Finance News has recognised DIB’s pioneering work not just in the UAE, but also in international markets such as Pakistan. The series of prestigious accolades received by DIB, underscores our leadership position in the Islamic banking sector.”
The winners of the Islamic Finance News Awards 2008 were determined through a voting system cast by the Islamic finance issuers, investors, non-banking financial intermediaries and government bodies from around the world. Over 36 categories were contested in the 2008 polls. With 2,491 unique votes cast, the Islamic Finance News Award is hailed as the industry’s most comprehensive and definitive survey.
