Manama: Muhammadu Sanusi II, Emir of Kano, Nigeria has won the Global Islamic Finance Leadership Award at the Bahrain-hosted fifth Global Islamic Finance Awards (GIFA), it was announced.
During a ceremony at the Gulf Hotel, the Emir of Kano, who was the guest of honour, received the award for his advocacy of Islamic banking in Nigeria and his leadership role in promoting ethics and social responsibility in Islamic banking and finance.
A number of Islamic banking and finance professionals from around the world attended.
The Emir emphasised on the importance of social responsibility in making Islamic banking and finance relevant to not only Muslims but also the wider global community.
“By committing itself to a well-defined regime of social responsibility, Islamic banking and finance can develop an all-inclusive new model of financial intermediation,” he said while addressing an audience of more than 250.
Islamic Corporation for the Development of the Private Sector (ICD) chief executive Khaled Al Aboodi was given the Islamic Finance Personality of the Year award with ICD’s parent, the Islamic Development Bank Group, winning the Islamic Finance Leadership Award 2015 in the institutional category.
Bank Rakyat Malaysia chief executive and managing director Mustafha Abd Razak was named the Islamic Banker of the Year whereas KFH-Bahrain chief executive and managing director Abdulhakeem Alkhayyat received the Pioneering Islamic Bank award for Kuwait Finance House.
GIFA founder and chairman Professor Humayon Dar said the aim of the exercise was to engage the political leadership in the Organisation of Islamic Co-operation countries to create awareness of Islamic banking and finance.
British Ambassador Simon Martin, who attended the event, said he was already aware of the leadership role that Bahrain has been playing in Islamic finance and the involvement of his own country in the niche market.
“Meeting the leadership of Islamic banking and finance from all over the world was indeed pleasing,” he said.
Malaysian Ambassador Ahmad Shahizan Abd Samad said he “really felt proud of my country’s leadership role in Islamic banking and finance” as the country bagged 12 awards at the event.
“Attending the ceremony was indeed an honour for me not only for receiving the Upcoming Sharia Lawyer of the Year award but also to see that local Bahraini culture was presented in the form of traditional Bahraini music and dances,” said ADCB Islamic head of Sharia advisory, compliance and quality control Kamran Khalid Sherwani.