Islamic Finance Awards 2024 results

Best Islamic bank

Islamic Finance Awards

Africa’s best Islamic bank: Standard Bank Shari’ah Banking

Best deals

Islamic Finance Awards

Best Islamic project finance deal – Africa: Lagos State Government N19.8 billion ljarah lease sukuk

Islamic Finance Awards

Islamic finance deal of the year – Africa: Federal Government of Nigeria N150 billion sukuk

Domestic awards

South Africa

Best domestic Islamic bank: Standard Bank Shari’ah Banking

Best Islamic bank

Islamic Finance Awards

Asia’s best Islamic bank: Maybank Islamic

Best deals

Islamic Finance Awards

Best Islamic local currency deal – Asia: Power Holding Limited’s PRe239 billion financing

Islamic Finance Awards

Best Islamic project finance deal – Asia: RP Hydro’s (Kelantan) RM975 million green SRI sukuk wakalah

Islamic Finance Awards

Best Islamic real-estate deal – Asia: SP Setia’s RM1 billion triple-tranche senior unsecured sukuk wakala

Islamic Finance Awards

Best sukuk deal – Asia: Khazanah Nasional’s $750 million sukuk

Islamic Finance Awards

Islamic finance deal of the year – Asia: Republic of Indonesia’s $2 billion dual-tranche sukuk

Islamic Finance Awards

Most innovative Islamic deal – Asia: MYEG Services’ RM250 million three-year sustainability sukuk wakalah

Domestic awards

Bangladesh

Best international Islamic bank: Standard Chartered Saadiq

Indonesia

Best domestic Islamic bank: Bank BTN

Best international Islamic bank: CIMB Niaga Syariah

Best Islamic local currency deal: Permodalan Nasional Madani IDR1 trillion Shariah financing

Islamic finance deal of the year: PLN Batam IDR588 billion ljarah Muntahiyah Bit Tamlik (IMBT) financing

Malaysia

Best domestic Islamic bank: Maybank Islamic

Best international Islamic bank: HSBC Amanah

Best sukuk deal: Johor Corporation MYR1.5 billion inaugural guaranteed sukuk

Islamic finance deal of the year: KPJ Healthcare MYR555 million sustainability sukuk

Pakistan

Best domestic Islamic bank: Allied Bank Limited

Best international Islamic bank: Standard Chartered Saadiq

Best Islamic project finance deal: Enertech Holding Company PKR51.5 billion Islamic finance facility

Best sukuk deal: Pakistan Mobile Communications PKR15 billion short-term sukuk

Islamic finance deal of the year: Islamic Republic of Pakistan PKR90 billion sukuk

Singapore

Islamic finance deal of the year: AET Singapore Holdings $100 million sustainability-linked financing

Sri Lanka

Best domestic Islamic bank: Amana Bank

Best Islamic bank

Islamic Finance Awards

Middle East’s best Islamic bank: Abu Dhabi Islamic Bank

Best deals

Islamic Finance Awards

Best Islamic local currency deal – Middle East: Emirates Islamic Bank’s Dh1 billion sukuk

Islamic Finance Awards

Best Islamic real-estate deal – Middle East: Aldar Investment Properties’ $500 million green sukuk

Islamic Finance Awards

Best sukuk deal – Middle East: Energy Development Oman’s $1 billion sukuk

Islamic Finance Awards

Islamic finance deal of the year – Middle East: Arab Republic of Egypt’s $1.5 billion sukuk

Islamic Finance Awards

Most innovative Islamic deal – Middle East: Saudi Awwal Bank’s SR4 billion AT1 sukuk

Islamic Finance Awards

Best Islamic project finance deal – Middle East: Neom Construction Villages’ $1.8 billion non-recourse multi-tranche financing

Domestic awards

Bahrain

Best domestic Islamic bank: Al Salam Bank

Best international Islamic bank: Citi Islamic Investment Bank

Most transformed Islamic bank: Bank ABC Islamic

Egypt

Best domestic Islamic bank: Banque Misr

Best international Islamic bank: ADIB Egypt

Jordan

Jordan’s best domestic Islamic bank: Jordan Islamic Bank

Kuwait

Best domestic Islamic bank: Kuwait Finance House

Islamic finance deal of the year: Kuwait Projects Company KWD103 million sukuk

Oman

Best domestic Islamic bank: Bank Muscat

Islamic finance deal of the year: Sanvira $360 million facility

Best Islamic real-estate deal: Yiti Sustainable City $162 million facility

Qatar

Best domestic Islamic bank: Qatar Islamic Bank

Islamic finance deal of the year: QIB $500 million sukuk

Saudi Arabia

Best domestic Islamic bank: Al Rajhi Bank

Best international Islamic bank: HSBC Saudi Arabia

Islamic finance deal of the year: ACWA Power SAR1.8 billion sukuk

Best sukuk deal: Saudi Real Estate Refinance Company SAR3.5 billion dual-tranche guaranteed sukuk

Turkey

Islamic finance deal of the year: Republic of Turkey $2.5 billion sukuk

Best sukuk deal: Ziraat Katilim $500 million inaugural sukuk

Most innovative Islamic deal: DenizBank $284 million dual currency commodity murabaha term loan facility

United Arab Emirates

Best domestic Islamic bank: Abu Dhabi Islamic Bank

Best international Islamic bank: Standard Chartered Saadiq

Islamic finance deal of the year: DP World $1.5 billion green sukuk

Most innovative Islamic bank: Emirates Islamic Bank

Best deal

Islamic Finance Awards

Islamic finance deal of the year – North America: Air Lease Corporation’s $600 million corporate sukuk