11 October 2016
Dubai, United Arab Emirates | Sovereign-backed investment firm Fajr Capital was today recognised for its extensive and growing economic impact by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, at the 2016 Islamic Economy Awards.
Now in its fourth year, the 2016 Islamic Economy Awards ceremony was held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at the Global Islamic Economy Summit. The summit welcomes more than 3,000 business leaders, government officials and industry influencers from across the world to discuss and debate critical issues impacting the Islamic economy.
Fajr Capital was selected as the winner of the much-coveted “Money and Finance” category by a panel of eleven independent international jurors led by H.E. Hussain Al Qemzi, Chairman of the UAE’s Awqaf and Minors Affairs Foundation. The judging criteria was established by Thomson Reuters, and focused on both qualitative and quantitative aspects to honour world-class businesses and ideas that have contributed to the long-term development of the Muslim world.
“We at Fajr Capital are immensely proud and humbled to receive such esteemed recognition from HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,” said Iqbal Khan, CEO of Fajr Capital. “I would like to take this opportunity to pay a special tribute to what we call the ‘Fajr family’ – especially our shareholders, board of directors, shari’a scholars, investment partners, portfolio companies, and dedicated employees. Without their continued support and unrelenting commitment, we would not be where we are today.
“Fajr Capital today is at the cusp of a new wave of growth. Our recent achievements have positioned Fajr Capital as an industry leader and partner of choice. I am grateful to all our stakeholders and to the DIFC for enabling us to realise our vision and create enduring value for the communities we serve.”
Fajr Capital was established in 2008 on the basis of a shared vision: to create a world-class and impact-driven investment platform that connects the Middle East with East Asia and seeks to support high-growth companies in Muslim-majority markets.
Together with its portfolio companies, Fajr Capital today employs over 15,000 people across the Middle East, North Africa and wider Asia – including operations in the Gulf Cooperation Council (GCC) markets, Algeria, Brunei, Egypt, Indonesia, Malaysia and Turkey. To date, Fajr Capital has invested in high-growth companies operating across a range of strategic, demographic-driven sectors, such as financial services, education, food and beverage, infrastructure, renewable energy, and industrial manufacturing, among others.
About the Islamic Economy Awards
The Islamic Economy Award was launched in 2013 under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and directed by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council.
Now in its fourth year, the annual award recognises innovative world-class business initiatives and ideas that have contributed to the social and economic welfare of the Muslim population. These initiatives and ideas must prove to enhance bilateral trade and investment relations between Islamic nations and forge closer economic ties with the rest of the world towards fostering prosperity, harmony and well-being for all.
The integrity and credibility of the Award is managed independently by Thomson Reuters, the world’s leading information provider; audited by Deloitte, the world’s largest privately-held professional services organization; and adjudicated by an esteemed judges’ panel based on formal, established criteria.
For further information:
Head of Communications, Fajr Capital
T +971 566442530
© Press Release 2016