The award was organized by Liquid Real Estate magazine, a part of Euromoney, the leading magazine for the global capital markets.
The award was received by Ayman Adel Kamal, Executive Vice President and
Habib Bitar, Head of Real Estate and Investment Division on behalf of DIB, during a recent ceremony organised by Euromoney in London.
Ayman Adel Kamal said: "We are honoured that this coveted award comes in recognition of DIB's strategic vision, execution capabilities and management expertise".
"The UAE property boom that commenced earlier this decade opened up a new era of opportunities for the financial industry, capitalising on which Dubai Islamic Bank has positioned itself to offer number of packaged services to this sector." he concluded.
The Real Estate Award is based on surveys and assessments of real estate sector performance and achievements over the past 12 months, and the winning firms are selected through an annual real estate awards poll organized by Euromoney magazine's research team. The award covers real estate practitioners in more than 50 countries.
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Dubai Islamic Bank wins Real Estate 'Best Investment Management' Bank Award
- United Arab Emirates: Saturday, October 06 - 2007 at 11:12
- PRESS RELEASE
Dubai Islamic Bank (DIB) was awarded UAE's Best Real Estate Investment Management Bank.
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DIB ProfileDubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices. The bank has recently announced the breaking of another world record by raising US$3.52 billion Sukuk for the Nakheel Group. This Sukuk adopted a 1st of its kind structure never used before in Islamic or conventional banking history.
As recognition of its leading role in the international arena, DIB has received many awards from international organizations such as the prestigious "Bank of the Year - UAE" award for 2006 by The Banker magazine and accolades from Euromoney as well. In 2006, DIB received international credit rating by Standard & Poor's and Moodys.
For further information, please contact:
Tarek Fleihan
Mobile: (+97150) 5198511
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Fax: +971-4-3344556
Posted by Medilyn Manibo, Assistant News EditorSaturday, October 06 - 2007 at 11:12 UAE local time (GMT+4)
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