Islamic Finance country award
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Al Salam Bank has performed well across several financial metrics during the awards period, having launched new products, including first-to-market technology.
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Qatar Islamic Bank has launched several new digital services which have contributed to an improvement in user engagement. It is Qatar's best Islamic bank this year.
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HSBC Saudi Arabia is named Saudi Arabia's best international Islamic bank this year, reflecting its strong performance across capital markets, where it took leading roles in some of the most important regional transactions.
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Name of borrower: Sanvira Carbon
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Emirates Islamic Bank wins the UAE's most innovative Islamic bank award this year. It launched a range of innovative products and services across several business segments.
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Kuwait Finance House (KFH) is Kuwait's best Islamic bank thanks to its strong financial performance and the implementation of several innovative solutions.
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Abu Dhabi Islamic Bank has made great improvements to its digital offering and environmental, social and governance engagement this year, and is UAE's best Islamic bank as a result.
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Citi Islamic Investment Bank has had a good year in Bahrain and impressed with its debt capital markets work during the awards period.
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Bank ABC Islamic wins Bahrain's most transformed Islamic bank in recognition of its three-year growth strategy.
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ADIB Egypt wins Egypt's best international Islamic bank thanks to its strong financial performance and launch of impactful initiatives and products.
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Name of borrower: Kuwait Projects Company
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Standard Chartered Saadiq wins best international Islamic bank in the UAE this year after strong growth and an improvement in its sustainable product offering.
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Name of borrower: Republic of Turkey
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Name of borrower: Acwa Power
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Name of borrower: Qatar Islamic Bank (QIB)
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Bank Muscat wins the award for the best Islamic bank in Oman after the roll out of several initiatives that contributed to growth over the review period.
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Banque Misr has seen a strong performance in its Shariah-compliant loan book and has been instrumental in several key Islamic finance transactions.
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Jordan Islamic Bank wins best domestic Islamic bank in Jordan following a solid financial performance over the review period.
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Name of borrower: Yiti Sustainable City
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Name of borrower: Ziraat Katılım
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Al Rajhi Bank is named Saudi Arabia's best Islamic bank following a strong performance across several market segments.
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Name of borrower: Saudi Real Estate Refinance Company
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Name of borrower: Johor Corporation
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CIMB Niaga Syariah is Indonesia’s best international Islamic bank, having made good progress in digital and sustainability this year.
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In 2023, Bank BTN, passed a number of milestones, from supporting sustainable housing to launching environmental, social and governance initiatives, and is the best Islamic bank in Indonesia this year.
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HSBC Amanah has reinforced its position as the leading Islamic banking institution in Malaysia this year with robust financial performance and innovative product launches. The bank secures is name as the best international Islamic bank in the country as a result.
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Name of borrower: Pakistan Mobile Communications
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Standard Chartered Saadiq has made progress in its commitment to innovation, financial inclusivity and sustainable development, and wins Bangladesh’s best international Islamic bank category this year.