HSBC Amanah has again been named the 'Best International Islamic Bank' by Euromoney in its Islamic Finance Awards 2012.
The annual awards, according to a press release, are widely considered to be the most high-profile accolades in the Islamic finance industry and recognise outstanding performance, quality, service, and innovation in the sector.
Besides the 'Best International Islamic Bank' award, HSBC Amanah also won the 'Best Project Finance House' award, in recognition of its leading project finance advisory services for government-backed companies and private sector developers in Saudi Arabia, the most developed market for Islamic project financing.
Mukhtar Hussain, global CEO of HSBC Amanah, said, "We are grateful to be recognised time and again as the leading international Islamic bank across customer segments, be it corporates, institutions or individuals.
"HSBC Amanah remains at the forefront of the industry, helping structure innovative deals, bridging trade and capital flows between the Middle East and Asia, and helping the Islamic project finance market reach its potential."
"Sharia-compliant financial services continue to grow in line with customer demand despite the challenging economic environment and HSBC Amanah is proud to be recognised as the premier, cross-border financial institution by Euromoney."
In 2011, HSBC Amanah was the No 1 underwriter of international and GCC sukuk, with a 25.4 per cent and 21.3 per cent market share, respectively.
HSBC also currently has the mandate for the largest number of pure Islamic project financing advisory transactions in Saudi Arabia.
© Muscat Daily 2012
