Islamic and Business and Finance Awards 2019

OCTOBER 23  |  19

Islamic and Business and Finance Awards 2019

The winners of the 14th annual Islamic Business & Finance Awards were announced at a gala dinner held at the Ritz-Carlton DIFC, Dubai on Wednesday 23 October 2019, attended by more than 150 of the top Islamic bankers in the region, as well as leaders from across the Islamic finance landscape.   


Islamic Business & Finance, the authoritative voice of the global Islamic finance industry and the broader Islamic economy, has a worldwide circulation that spans every continent. Celebrating its 14th anniversary in 2019, Islamic Business & Finance is the oldest continuously published magazine covering the Islamic finance sector. It is published by CPI Financial—based in Dubai since 1999—offering a comprehensive portfolio of market-leading periodicals, products and services tailor-made for the banking and financial sector.


As part of its mission, CPI Financial has, since its inception, held the Islamic Business & Finance Awards in order to award the pioneers of the Islamic banking and broader financial sector. As the Islamic finance industry continues to grow and innovate, its awards programme, supported by the DIFC, will continue to recognise the pioneers in the Islamic finance landscape and laud their many achievements that are integral to the industry’s continued growth.


In 2019, Islamic Business & Finance identified 24 award categories that provide global recognition to exceptional financial institutions across the wide spectrum of banking and finance. Institutions nominated themselves in all relevant categories as deemed appropriate. The Islamic Business & Finance judging panel identified a shortlist of three institutions for most categories, with four for categories with an outstanding number of nominations. Individual awards were decided exclusively by the judging panel.


“The Islamic finance industry continues to grow worldwide, but more importantly, it continues to innovate. With the issuance of both green and blockchain-based Sukuk in 2019, It is clear that the Islamic economy will continue to embrace the inevitable technological future that is already transforming banking and finance, as well as recognise the ethical framework on which it is based that can be a beacon for the entire world as the broader financial community finally moves towards sustainable investment and ensuring a positive social and environmental impact,” said William Mullally, Editor, Islamic Business & Finance on the occasion.


“Congratulations to the winners of this year’s Islamic Business & Finance Awards. The winning institutions, as well as those shortlisted, lead the way for the Islamic finance community while navigating a tricky financial landscape, and we at CPI Financial are proud to once again honour their myriad achievements. We look forward to seeing what these leading institutions accomplish in the coming year and beyond, and to welcoming their top representatives to the 15th annual Awards ceremony in 2020,” said Nigel Rodrigues, CEO, CPI Financial.


The full list of Islamic Business & Finance winners is as follows:


Best Training Institute

Bahrain Institute of Banking and Finance


Best Ratings Agency

S&P Global Ratings


Best Takaful Operator

SALAMA – Islamic Arab Insurance Co.


Best Fintech Company



Best Digital Banking Proposition

Emirates Islamic


Best Advisory Service

Greenstone Equity Partners


Best Human Capital Development Initiative

Dubai Islamic Bank


Best Sustainability Initiative

Al Baraka Bank Syria


Best Retail Bank

Emirates Islamic


Best Corporate Bank

The National Commercial Bank


Best Investment Fund

Albilad Capital


Best Investment Product

First Abu Dhabi Bank


Best Investment Bank

GFH Financial Group


Best Investor Relations

Dubai Islamic Bank


Best Asset Manager

SEDCO Capital


Best REIT Manager

Emirates REIT


Best Sukuk Arranger

Dubai Islamic Bank


Best SME Bank

RAKBANK Islamic Banking


Best Islamic Wealth Management Proposition

Lombard Odier


Best Premium Banking Institution

Noor Bank


Best Home Finance Institution

Ajman Bank


Best Islamic Window

National Bank of Fujairah


Best Islamic Banking Implementation

Infosys Finacle and aafaq Islamic Finance


Best Islamic Bank

Dubai Islamic Bank


Outstanding Contribution to Islamic Finance

Dr. Adnan Chilwan

Group CEO, Dubai Islamic Bank


Islamic Banker of the Year

Mazin Al-Nahedh

Group CEO, Kuwait Finance House – Kuwait





23rd October 2019


Gala Dinner


The Ritz-Carlton DIFC, Dubai, United Arab Emirates



Photo Gallery



CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.

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