Islamic finance awards 2010: Islamic finance joins the global mainstream
Even while it began to grow in developed markets, Islamic finance faced key tests. Fears about the enforceability of sukuk contracts in the Middle East might have proved exaggerated, but critics of the industry’s mimicking of conventional finance remain.
|Islamic finance awards|
Islamic finance joins the global mainstream
|Best international Islamic bank||Best Islamic bank in the Middle East|
|Best Islamic bank in Asia||Best sukuk house|
|Best takaful provider||Best project finance house|
|Best leasing house||Best fund manager|
|Best assurance and advisory firm||Best legal advisory firm|
|Most improved Islamic finance house||Best structured products house|
|Deal of the year||Best sukuk deal|
|Most innovative deal||Best project finance deal|
|Outstanding contribution to Islamic finance|
|Badlisyah Abdul Ghani|
ISLAMIC FINANCE, AND more particularly the sukuk market, might have passed its first big test – or at least confirmed its conformity to conventional risk.
Last year an Islamic bond defaulted for the first time in the Middle East, one of the product’s two core markets – and the market with the more stringent Islamic rules.