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WIBC names nominees for performance awards

Bahrain Business
Thu, 26 Nov 2015

Manama: Nominees for 18 awards to be given at the 22nd annual World Islamic Banking Conference (WIBC) 2015 in Bahrain next week were announced yesterday.

A statement by Middle East Global Advisors, the convenor of the event, said top Islamic financial institutions will be honoured at the WIBC Gala Dinner next Wednesday, with ministers, central bankers, regulators, C-suite executives and asset managers, policy makers and financial technology entrepreneurs expected to attend.

The WIBC Performance Awards recognise institutions based on their performance aggregated from multiple financial performance, financial stability, governance and social responsibility metrics that make up the WIBC Leaderboard – a  performance assessment tool, it added.

The data is collated from the ICD Thomson Reuters Islamic Finance Development Indicator and Bankscope.

The categories include global, regional and national best performing banks based purely on their performance across the measures.

Nominees under the Best Performing Islamic Bank-Global category are Alinma Bank and Bank AlBilad, both from Saudi Arabia; Masraf Al Rayan and Qatar First Investment Bank, both from Qatar; and Social Islami Bank from Bangladesh.

For the award of the Best Performing Islamic Bank in GCC, the nominees are Alinma Bank and Bank AlBilad, both from Saudi Arabia; Bahrain Islamic Bank from Bahrain and Masraf Al Rayan and Qatar First Investment Bank, both from Qatar.

The nominees are:

Best Performing Islamic Bank in Levant category:  Abu Dhabi Islamic Bank from Egypt, Jordan Dubai Islamic Bank and Jordan Islamic Bank, both from Jordan, Kuwait Turkish Participation Bank and Turkiye Finans Katilim Bankasi.

Best Performing Islamic Bank in Southeast Asia: Bank Kerjasama Rakyat, Bank Muamalat, Hong Leong Islamic Bank, HSBC Amanah and OCBC Al Amin Bank.

Best Performing Islamic Bank in South Asia category:  Al Arafah Islami Bank, Export Import Bank of Bangladesh, Social Islami Bank, all from Bangladesh, and Bank Islami and Meezan Bank, both from Pakistan.

Best Performing Islamic Bank in Bahrain: Al Baraka Bank, Al Salam Bank and Bahrain Islamic Bank.

Best Performing Islamic Bank in Bangladesh: Al Arafah Islami Bank, Export Import Bank of Bangladesh and Social Islami Bank.

Best Performing Islamic Bank in Egypt: Al Baraka Bank Egypt, Abu Dhabi Islamic Bank and Faisal Islamic Bank of Egypt.

Best Performing Islamic Bank in Indonesia: Bank BRI Syariah, Bank BNI Syariah and Bank Muamalat.

Best Performing Islamic Bank in Jordan: Islamic International Arab Bank, Jordan Dubai Islamic Bank and Jordan Islamic Bank.

Best Performing Islamic Bank in Kuwait: Boubyan Bank, Kuwait Finance House and Warba Bank.

Best Performing Islamic Bank in Oman: Alizz Islamic Bank and Bank Nizwa.

Best Performing Islamic Bank in Pakistan: BankIslami, Dubai Islamic Bank and Meezan Bank.

Best Performing Islamic Bank in Qatar: Masraf Al Rayan, Qatar First Investment Bank and Qatar International Islamic Bank.

Nominees under the Best Performing Islamic Bank in Saudi Arabia category are Alinma Bank, Al Rajhi Bank and Bank AlBilad.

Best Performing Islamic Bank in Turkey: Bank Asya, Kuwait Turkish Participation Bank and Turkiye Finans Katilim Bankasi.

Best Performing Islamic Bank in UAE: Abu Dhabi Islamic Bank, Ajman Bank and Noor Bank.

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