Mashreq outperforms all other Fixed Income funds and wins best Fixed Income fund in the 3 year category and best Sharia Compliant Fixed Income fund of the year by MENA FM

Dubai - UAE, 12th February 2015: Since 2011 Mashreq, one of the UAE's leading financial institutions has been recognized for the performance of its Fixed Income funds either conventional or Islamic. Last month, Mashreq scooped up two new awards at this year's prestigious MENA Fund Manager Performance Awards. Thanks to the success of Makaseb Income Fund, Mashreq Capital was awarded best Fixed Income Fund over the 3 year   performance category. At the same time, Sukuk Fund was winner of the Sharia Compliant Fixed Income of the year.

Abdul Kadir Hussain, CEO of Mashreq Capital, commented "Our funds continue to provide strong performance which validates our overall investment decision making process and the strong credentials of the investment team. Over the past few years, the Mashreq Capital team has continuously been rewarded for its outstanding fund performance. As market conditions are forever changing, the performance of our funds has been robust across the full market cycle. We are proud today to have been, once again, recognized by MENA Fund Manager Performance Awards for our top performing Fixed Income Funds. These awards endorse our ongoing commitment and effort to offer risk adverse products to investors."

The Makaseb Income Fund returned 31% in three years as at Dec 31, 2014 and the Mashreq Al Islami Income fund returned 6.17% in 2014 and 54% since its inception in June 2009

About Mashreq:
Mashreq is one of the UAE's leading National Financial institutions and the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first to launch such products as travellers' cheques, credit cards and ATMs.

In 2014, Mashreq has launched a new corporate identity that builds on its history of innovation and customer service and illustrates to the wider world just how committed it is to its customers, to the continued building up of its comprehensive expertise and market knowledge, and to nurturing its absolutely top-class reputation in the industry.

The Bank has received numerous international awards reflecting the bank's successful record, such as Gallup Great Workplace Award 2014, Best Regional Retail Bank by Banker Middle East Industry Awards 2014, SME Bank of the Year by Arabian Business Startup Awards 2014, Best Islamic Window by Islamic Business & Finance Awards 2014, Best Local Bank -UAE, Best Loan House - UAE, Best Regional Investment Bank - Middle East by EMEA Finance Middle East Banking Awards 2014, Best Use of nnovate Technology in the MEA Regional by MasterCard Innovation Forum 2014, Best Investment Bank - UAE, Best Commercial Bank - Qatar from World Finance Banking Awards 2014, Best Retail Bank UAE, Best Corproate Bank - Qatar, Best Customer Service Bank - Qatar by Global Banking & Finance Review Awards 2014 and the CSR Label for the fourth consecutive year by Dubai Chambers for its sustainability efforts in the community it serves.

As a leading financial Institution in the UAE, Mashreq aims to be world class in every facet of its business; including its social responsibility to the community it serves in. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.

© Press Release 2015