New award for the National Commercial Bank during the IIFF 2006

NCB's Investment Services was rewarded based on its exceptional leadership in Shariah-compliant mutual funds and its innovative customer investment solutions. The award was released in connection with the forum's prestigious gala dinner, which was held on March 20th 2006 to recognize the winners.

The International Islamic Finance Forum, the premier event in the financial industry, is held around the world on annual basis, providing participants with a networking venue to discuss industry trends and experiences. The IIFF Awards uphold excellence in Islamic Finance and recognize significant contributions and developments made to the Islamic Financial Sector.

Haitham Al-Mubarak, Head of Portfolio Management at NCB, said:

"We are honored to receive this award from the Islamic Finance Forum as we strive to maintain our position as the leading institution by providing optimum customer investment solutions, and believe that this award reflects the merit carried by our Shariah-compliant mutual funds."

The IIFF Awards were judged by Dr. Monzer Kahf (USA), Islamic Finance Consultant, Michael Gassner (MG Consultants - Germany), and Shariah scholars, Dr. Mohammed Daud Bakar (Malaysia) and Sheikh Yusuf Talal DeLorenzo (USA).

This award is one of several received by NCB on the basis of their Shariah-compliant mutual funds management and offerings and inspiring investment results. The bank has a long standing as the leader in innovative consumer solutions, and is proud to be recognized once again for its headship.