Prince Alwaleed Bin Talal honoured for humanitarian contribution to Islam

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        'caption' => 'Prince Khaled bin Alwaleed bin Talal bin Abdulaziz Al Saud, accepts the award from Sheikh Hasher on behalf of his father Prince Alwaleed bin Talal.',
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Notes and media contacts

The complete list of winners, with award criteria is as follows;

Global Continuing Contribution to Islamic Finance

1. Media
-Existence for 3 years minimum
-Global Coverage of Islamic Finance
-Support of Islamic Finance
-Independent editorial

Winner: Financial Times, UK

2. Consulting Firms
-Existence for 3 years minimum
-Practice Includes Conversion of Islamic banks, establishing new Islamic banks, product development,
-Dedicated team of minimum of 5 people (implies a practice)
-Supporting of Islamic Finance
-Regional coverage

Winner: Ernst & Young, Bahrain

3. Law Firms
-Existence of 5 years minimum (implies a practice)
-Dedicated team of minimum of 5 people
-Educating regulators
-Supporting of Islamic Finance
-Structured Finance, Project Finance, Funds, etc.
-Global Coverage

Winner: Lovells, UK

4. Takaful
-Existence for 5 years
-Supporting of Islamic Finance
-General Coverage (property, 'life,' etc.)
-Premiums of $50M minimum per annum
-Returns for policyholders

Winner: Solidarity, Bahrain

5. Fund Sponsor
-Existence for 5 years
-Minimum of 5 funds with various mandates
-Minimum AUMs of $500M
-Supporting of Islamic Finance

Winner: SEDCO, KSA

6. Shariah Supervisory Board Recognition
- Minimum of 5 years

Winner: AAOIFI

7. IT Company
-Existence for 3 years
-Support of Islamic Finance
-Dedicated team of 5 people minimum
-Software for Islamic Banks, especially those with windows and converting

Winner: Path Solutions, Kuwait
Misys, UK

8. Western Institution Contribution To Islamic Finance
-Existence for 5 years minimum
-Global Recognition
-Retail, HNW and Institutional
-Global Support of Islamic Finance
-Raising profile of Muslim countries
-Offshoot benefits (like continuing education)

Winner: Dow Jones Indexes, USA

9. Contribution to Islamic Retail Development:
-Existence for 5 years minimum
-On line and off line infrastructure
-Mortgages, vehicle financing, cards, takaful, treasury, savings products
-Competitive (to conventional) returns for Investment Account Holders
-Support of Islamic Finance

Winners: Dubai Islamic Bank, UAE
Maybank, Malaysia

10. Contribution to Islamic Private Equity/Venture Capital:
-Existence for 5 years
-Total deal size $1 Billion
-Regional Development

Winners: Gulf Finance House, Bahrain
ArCapita, Bahrain

Regional Continuing Contribution to Islamic Finance:

1. North America
a. Contribution
Winner: Financial Guidance, USA

b. Special Recognition
Winner: Dechert LLP, USA

c. Vision
Winner: Devon Bank, USA

2. Europe
a. Contribution
Winner: ABC/Al Buraq, UK

b. Special Recognition
Winner FSA

c. Vision
Hilal Financial Services

3. GCC/MENA/South Asia
a. Contribution
Winner: Dubai Islamic Bank, UAE

b.Vision
Winner: Unicorn Investment Bank, Bahrain

4. Asia
a. Contribution
Winner: Maybank, Malaysia

b. Special Recognition
Winner: MUIS, Singapore

For more information please contact:
Nathalie Visele
Director
Shamal Marketing Communications (SMC)
PO Box 24459
Suite 712
The Fairmont
Sheikh Zayed Road
Dubai
United Arab Emirates
Tel.: +971 50 4576525
Fax: +971 4 3124313