|
|
|
|
|
 |
|
|
|
Direct
access to top expatriate jobs in the Gulf with alJazeera Jobs
Quadruple your chance of landing your tax-free Gulf Job - Sign Up Now! |
|
Sukuk.net: Noor Islamic Bank Wins Three Awards from Islamic Finance News |
|
|
|
|
Noor Islamic Bank PJSC today announced it won three awards from Islamic Finance News (IFN) for various capital market transactions arranged and jointly led by the bank’s corporate and investment banking group in 2008. Kuala Lumpur-based Islamic Finance News is a leading provider of news on the global Islamic finance sector.
The three prestigious awards – ‘Structured Finance Deal of the Year’ and ‘UAE Deal of the Year’, and the ‘Best Tawarruq Deal of the Year’ – were presented at a gala ceremony held on 3rd March at the Grand Hyatt Hotel in Dubai.
Noor Islamic Bank received the ‘Best Tawarruq Deal of the Year 2008’ award from Islamic Finance News for the US$1.5 billion syndicated multi-currency, three-year commodity Murabaha facility for Dubai Financial Group, which was closed with solid oversubscription amid challenging market conditions. Noor Islamic Bank structured the deal, and led the underwriting consortium in addition to acting as the sole Sharia’a advisor and investment agent for the facility.
Noor Islamic Bank also won the ‘Structured Finance Deal of the Year 2008’ and ‘UAE Deal of the Year 2008’ awards for its contribution to the US$1.1billion Sukuk Al Mudarabah for Sun Finance. The deal represents the equivalent of a receivables securitization without actually selling debt.
Hussain Al Qemzi, Group CEO, Noor Islamic Bank, said: “We are extremely honored to be acknowledged by Islamic Finance News and our industry peers through these awards. The bank arranged and participated in local and regional opportunities for financing. The awards are testament to our commitment in providing incomparable banking services to corporates and consumers alike.”
Considered the most transparent and competitive awards in Islamic finance, the Islamic Finance News Awards have stringent voting policies. Corporates and banks are not allowed to vote for themselves, and only corporate email addresses are accepted. This year nearly 2,500 leading practitioners and participants in the industry cast their votes for selecting the winners.
Noor Islamic Bank notched up unprecedented success in its first year of operations, receiving multiple awards and league table recognition for its contribution to the global Islamic capital markets. In a record-breaking first year, Noor Islamic Bank has jointly led more than 12 debt capital market transactions ranging across various Islamic offerings such as securitization, financing syndications and Sukuk with an aggregate volume of over USD 16 billion and syndicated to a diverse investor base of over 100 institutions globally.
The Bank topped the 2008 Bloomberg list of Sharia’a compliant lead arrangers in the world, and ranked third on the list of leading global Islamic finance book runners. Thomson Reuters also recognized the Bank’s credentials in its 2008 league tables with Noor Islamic Bank taking the top slot in the Islamic bookrunner and arranger categories, surpassing much larger and more established institutions.
Source: Eye of Dubai
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The content of this website does not constitute advice or a recommendation and should not be relied upon in making any decision relating to investments or any other matter. You should obtain professional advice before exercising any investment decisions or choices based on information featured in this website.
In no event shall Sukuk.me be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the Sukuk.me website or the information contained in it.
Sukuk.me is a global provider of Sukuk information and Sukuk market data.
|
|
|
|
|
|
|
