Dubai Islamic Bank named 'Best Sukuk Arranger' and 'Best Private Bank' at 2012 Islamic Business and Finance Awards
- United Arab Emirates: Wednesday, December 12 - 2012 at 14:33
- PRESS RELEASE
Dubai Islamic Bank (DIB) announced that it has been named "Best Sukuk Arranger" and "Best Private Bank" at the 2012 Islamic Business & Finance Awards, a leading event for the global Islamic financial community. The awards were received by Dr. Adnan Chilwan, Deputy Chief Executive Officer, DIB and reflect the bank's sustained focus on playing a vital role in the nation's economy.
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.
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