17 November 2013
HRH Raja Dr Nazrin Shah, Crown Prince of Perak, Malaysia and HE Shaukat Aziz, Former Prime Minister of Pakistan, will be the chief guests at the third annual Global Islamic Finance Awards (GIFA). The event is organised in conjunction with the World Islamic Retail Banking Conference (WIRBC) to be held on November 26th and 27th. The annual award ceremony celebrates the progress and success of some of the most dynamic institutions, and applauds the contributions made by the finest talent the industry has to offer. GIFA honours banks, financial institutions, consultancies, rating agencies, insurance brokers and technology companies for their contribution and positive influence to the global Islamic banking and finance industry. 

Other VIPs at the event will include HE Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria, HE Linar Yakupov, CEO of Tatarstan Investment Development Agency (TIDA) among others. The event is expected to attract leading figures from the Islamic banking and finance industry.

GIFA was developed by Edbiz Consulting, an Islamic finance consultancy arm of the London-based Edbiz Corporation. Professor Humayon Dar, Chairman of the GIFA committee and CEO of Edbiz Corporation, asserts that the GIFA is a barometer of the Islamic finance industry. "Award ceremonies are more than just bolstering the credentials of institutions and individuals that do excellent work in their respective fields. They reflect the diversity and strength of the industry. GIFA, over the last three years, has shown the remarkable growth of Islamic finance and the quality of the institutions and ideas the industry offers. Every day the industry becomes stronger, and winners are the ones that make this so," expressed Professor Dar.

HE Shahid Malik, Former British Minister for International Development, said, "The Global Islamic Finance Awards stand out because of their strong independence and detailed quantitative methodology - a combination which ensures they command almost unrivalled respect across the industry." The inaugural  GIFA  was held on the occasion of the Oman Islamic Economic Forum 2011, which took place in Muscat on December 17-18, 2011. HE Tun Abdullah Badawi, former prime minister of Malaysia, was the Special Guest and the recipient of the Global Leadership in Islamic Finance Award for his role in developing Islamic banking and finance during his tenure as prime minister. In 2012, this prestigious award was bestowed on Raja Dr Nazin Shah, Crown Prince of the State Perak (Malaysia).

For those who would like to know more about the GIFA and the different categories, please visit www.edbizconsulting.com.

About Edbiz Consulting:
Edbiz Consulting Limited is an Islamic finance advisory arm of the London-based Edbiz Corporation. The team at Edbiz Consulting have offered a wide range of Islamic financial consultancy services to the corporates, governments and multilateral institutions around the world. Its Islamic finance advocacy programme includes Global Islamic Finance Report (GIFR), Global Islamic Finance Awards (GIFA) and Islamic Finance Access Programme (IFAP).

For more information, please contact Rizwan Malik at rmalik@edbizconsulting.com

© Press Release 2013