Abu Dhabi: Thomson Reuters chose Al Hilal Global Sukuk Fund for the 2017 Lipper Fund Award, recognizing it as the “Best Fund over 3 years” in the Global Islamic category last month in a ceremonial event held at Al Hilal Bank Head Offices, in Abu Dhabi.

For over 30 years, the Thomson Reuters Lipper Fund Awards have honoured funds and fund management that excel in offering strong risk-adjusted and high-performing funding programs in over 20 countries worldwide.

Al Hilal Global Sukuk Fund, the now internationally acclaimed, award-winning fund, has gained over 4.13% year to date and 21% since its inception in 2012; achieving the highest standard of excellence against its peers in the Global Islamic Banking category and fulfilling Al Hilal Bank’s commitment to exceptional banking services while staying true to its Islamic identity.

Overseeing the achievements of Al Hilal Bank, CEO Alex Coelho commented: “It is an incredible honour and a mark of true achievement to receive the Thomson Reuters Lipper Fund Award on behalf of our employees, and to represent Global Islamic Banking in such a positive light.”

He continued: “At Al Hilal Bank, we believe that true change comes from within, and we could not have done it without the hard work and dedication of our employees in the Asset Management Department, and the passionate help of our team who paved the road towards excellence and distinction.”

As the provider of one of the best Islamic funds in the world, the Lipper Fund Award has launched Al Hilal Bank’s offerings to new heights; laying the foundation for entering new markets all over the world and for the trust of thousands of customers for years to come.

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About Al Hilal Bank:

One of the fastest growing banks in the UAE, Al Hilal Bank is a 100% government-owned progressive Islamic bank headquartered in Abu Dhabi. With authorized capital of AED 4 billion, it was founded by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi government. Operating with 17 branches in the UAE and 3 branches in Kazakhstan through the help of 1,300 staff members, the Bank provides Shariah-compliant Personal, Wholesale and Treasury banking services to over 100,000 customers and manages the Al Hilal Global Balanced Fund, Global Sukuk Fund and the GCC Equity Fund. Al Hilal Bank was recognized as the Safest Islamic Financial Institution in the GCC by Global Finance in 2016, and attained an A1 Moody’s and A+ Fitch credit rating.

© Press Release 2017