DIB Capital offers Capital Markets, Asset Management, Private Equity, and Financial Advisory solutions. Their business provides corporates, institutions, HNWI, and government clients with access to a complete array of financial advisory, capital raising and investment solutions.
"This award comes in recognition of DIB Capital's pioneering work in Sharia-compliant investment banking," said Saad Zaman, Deputy CEO of DIB Capital. "Despite the slowdown in the later part of the year, 2008 was a year of landmark transactions for DIB Capital, and we will continue to provide our clients with innovative Sharia-compliant solutions to assist them through tough market conditions. We are confident that our banking solutions will meet the evolving needs of our growing client base in the Middle East and South Asia regions."
He added, "During last year, DIB Capital achieved high rankings from international publications such as Bloomberg and Euromoney."
Emeafinance is a leading international publication exclusively dedicated to representing the EMEA, or Europe, Middle East and Africa, financial market's independent voice. The award was presented to DIB Capital by emeafinance at a ceremony attended by a number of senior bankers in Dubai. Recognising excellence in retail and investment banking across the region, the Middle East Banking Awards 2008 took place on February 25, 2009, at Jumeirah Beach Hotel in Dubai.
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Dubai Islamic Bank wins 'Best Local Investment Bank' award from emeafinance magazine
- United Arab Emirates: Saturday, February 28 - 2009 at 14:18
- PRESS RELEASE
DIB Capital (formerly Millennium Capital), the wholly-owned investment banking arm of Dubai Islamic Bank (DIB), announced today that it has received the 'Best Local Investment Bank' award at the annual Middle Eastern Banks Achievement Awards 2008, organised by emeafinance magazine.
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Notes and media contacts
Notes:Dubai Islamic Bank is a Sharia-compliant financial institution. As such, please refrain from using any of the following terms in reference to the bank and its activities:
- Loan
- Lender / Lending / Lend
- Borrower / Borrowing / Borrow
- Credit facility
- Advance
- Interest
About Dubai Islamic Bank:
Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices. DIB is a public joint stock company and its share is quoted on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. In a very short space of time it has created market leading services and products that are setting benchmarks for the rest of the sector.
DIB set a world record by raising a $3.52bn Sukuk for the Nakheel Group. This Sukuk adopted an innovative structure never used before in Islamic or conventional banking history.
The Bank has been proactive in creating partnerships and alliances at both the local and international level. DIB has adapted an ambitious expansion strategy, which started with the establishment of DIB Pakistan Limited (a wholly owned subsidiary of DIB). DIB has a representative office in Turkey, a fully operating office in Iran and has obtained approval for establishment of an Islamic Bank in Syria.
Additionally, Dubai Islamic Bank, Dubai International Capital and Jordan Dubai Capital are also set to acquire a controlling stake in Industrial Development Bank of Jordan. These steps mark DIB's ambitious plans to roll out its operations into regional and international markets as part of its overall strategic plan. Built on solid commitment to Islamic Banking principles, DIB aims to maintain its position as the world leader in Islamic banking.
DIB has won the respect of its peers around the world. The bank was recently named 'Best Islamic Bank' for the fourth consecutive year by Banker Middle East magazine. DIB has also received many awards from international organisations, such as the prestigious 'Bank of the Year' award from The Banker (Financial Times), along with prestigious accolades from UK-based Euromoney and NY-based Global Finance magazines.
For further information, please contact:
Nicholas Nesson / Ghaleb Zeidan
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
Posted by Rana MesbahSaturday, February 28 - 2009 at 14:18 UAE local time (GMT+4)
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