BIBD receives double honours at Islamic Finance News Awards
Source : BIBD Website
10 Mar, 2015
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March 10th, 2015 BIBD yesterday emerged as the winner in two categories at the Islamic Finance News (IFN) Awards 2015 held at the Shangri-La Hotel, Kuala Lumpur, receiving awards for Qatar Deal of the Year and Islamic Bank of the Year Brunei.
The recognition for Islamic Bank of the Year Brunei continues BIBD's string of Best Bank in Brunei awards, a distinction that the bank notes with pride and which reinforces its commitment to better serving its customers and community.
The bank received the award for Qatar Deal of the Year due to its participation as one of the main Arrangers for Ezdan Holding's US$500 million international Ijarah syndication.
The 100% Islamic deal adhered strictly to the very highest Ijarah and Loan Market Association standards, and was the first of its kind for a Qatari corporation and the Qatari real estate industry. The deal was also able to attract conservative accounts like ADIB and Qatar First Bank.
Receiving the prestigious awards on behalf of BIBD at the awards ceremony were Salman Ashraf Khan, BIBD Treasurer, along with Co-Deputy Treasurer James Chua. Salman noted that the industry acknowledgement was a momentous milestone for BIBD, proof of the great strides BIBD has been making in the international Islamic Finance arena.
IFN is categorically recognized as the Islamic Finance industry's leading publication. With a world-wide readership in excess of 21,000 industry practitioners and regulators, the IFN Awards offer its winners a truly global audience and a phenomenal vehicle in which to reach ones clients, potential clients and peers.
The IFN Awards honours the best in the Islamic financial industry. It is one of the most prestigious awards and highly recognized by the global Islamic capital markets. The IFN Awards, established in 2006, recognises those who have participated in the industry's most ground-breaking transactions each year.
A panel of experts from non-competing organizations then sieve through all submissions during the elimination process until just one transaction in each category remains and is thus awarded the winner of that category. This year, over 300 nominations in over 25 categories were received, resulting in the most competitive Deal of the year competition since its inception in 2006.
