Dubai Islamic Bank named 'Best Sukuk Arranger' and 'Best Private Bank' at 2012 Islamic Business and Finance Awards

Speaking at the awards ceremony, Dr. Adnan Chilwan, said: "From handling the issuance of Islamic bonds for organisations that are integral to the UAE economy, to providing exclusive and unmatched private banking services for our high net-worth customers, we continue to innovate and set higher benchmarks for the Islamic finance sector. DIB has been a pioneer in Sukuk issuance and Islamic banking products and services, in general, and we are very pleased to receive these awards for continuing to provide the best Shariah-compliant alternatives to conventional banking services on the market today. We take pride in leading from the front, and look forward to continued success for years to come."

Over the past year, DIB has been involved in several benchmark Sukuk transactions including Jebel Ali Free Zone's $650m 7 year Islamic bond, Government of Dubai's $1.25bn Dual Tranche 5 year and 10 year Sukuk, Majid Al Futtaim's $400m 5 year debut Sukuk issuance, Emaar's $500m 7 year Sukuk and DIB's own $500m 5 year issue.

DIB also won the "Best Private Bank" award for Wajaha, an invitation-only wealth management service that offers sophisticated Islamic banking products and services at exclusive banking centres to high net-worth customers.

Now in its seventh year, the annual Islamic Business & Finance Awards event is sponsored by Islamic Business & Finance magazine and brings together more than 300 senior Islamic bankers from across the Middle East, Europe, the Americas, Africa and Asia to recognise the best in Shariah-compliant banking services.