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28 October, 2014

Edbiz Consulting held its fourth Global Islamic Finance Awards at The H Dubai on 27th October 2014

Edbiz Consulting held its fourth Global Islamic Finance Awards (GIFA) at The H Dubai on October 27, 2014. The ceremony in Dubai was attended by a large number of Islamic bankers and finance experts from around the world. The Chief Guest was Dr Zambry Abdul Kadir, Chief Minister of the Malaysian state of Perak. The President of Kazakhstan, Nursultan Nazarbayev, was represented by Mr Kairat

28 October 2014
Edbiz Consulting held its fourth Global Islamic Finance Awards (GIFA) at The H Dubai on October 27, 2014. The ceremony in Dubai was attended by a large number of Islamic bankers and finance experts from around the world. The Chief Guest was Dr Zambry Abdul Kadir, Chief Minister of the Malaysian state of Perak. The President of Kazakhstan, Nursultan Nazarbayev, was represented by Mr Kairat Kelimbetov, Governor of National Bank of Kazakhstan. Mr Shahid Malik, Former British Minister for International Development and Chairman of GIFA Awards Committee presented the awards to the winners.   

The keynote address was delivered by Mr Kairat Kelimbetov which set the tone for 3 hours event. He shared the development in Islamic banking and finance in Kazakhstan and informed the audience that Kazakhstan has fully integrated itself by way of memberships of Islamic Financial Services Board (IFSB), Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and International Islamic Financial Market (IIFM).

Dr Zambry Abdul Kadir received the GIFA Special Award 2014 for the excellent work the State has carried out for the promotion and welfare of the people. He commented on the occasion "To effectively transform society, the welfare of the people must be close to our heart;  we need to go down to the 'field', experience how they 'feel' and 'fix' their problem.  This is what I called the 3F (Field, Feel, Fix) framework for Societal Empowerment.  We are indeed honored that the transformation that we aspire for the State of Perak is given due recognition and we are pleased to participate in the forthcoming GIFA ceremony. GIFA promotes social responsibility and commitment to Islamic finance to ensure the continuous prosperity of the Ummah". Other prominent winners were Dr Adnan Chilwan, CEO of Dubai Islamic Bank who at being named the "Islamic Banker of the Year 2014", said "It is indeed a great honor and privilege to receive this award which so many eminent personalities have been a recipient of in the past. I am an Islamic banker at heart and having been chosen for this award knowing that there were many qualified applicants is a truly humbling and gratifying experience. Whilst this award is a recognition for my personal and professional contribution to the field of Islamic banking and finance, this is not the end-game for me. I truly believe that we are barely scratching the tip of the iceberg as we continue to unlock the potential of this relatively nascent and ethical form of banking."

There were 25 general categories in which the GIFA 2014 were presented; and the Global Islamic Finance Leadership award (individual) to be received by H.E. Nursultan Nazarbayev, President of the Republic of Kazakhstan and the Global Islamic Finance Leadership Award 2014 (Country) for Malaysia, will be received by Dato Sri Najib Razak, Prime Minister of Malaysia. These two awards will be presented on the first day of World Islamic Economic Forum - 28th October at the Madinat Jumeriah.

Notable award winners in general categories at the GIFA awards ceremony held on 27th October include Bank Rakyat that received "Best Islamic Bank 2014" the award was presented by Mr Keriat Kelimbetov and received by Datuk Mustafha Abd Razak, Managing Director, Bank Rakyat. He commented on the occasion "First and foremost, Alhamdulillah to Allah S.W.T for His greatest blessing that has brought us together at this prestigious event. I also want to express my utmost appreciation and thanks to Global Islamic Finance Awards (GIFA) Committee for recognising Bank Rakyat as the Best Islamic Bank 2014.  We are truly honoured to receive it on behalf of the Malaysian Islamic Financial Services fraternity and the country". The highest award in an individual capacity was received by Dr Jamil El Jaroudi, CEO of Bank Nizwa. Dr Jamil Jaroudi who has worked tirelessly to take the first Islamic banking in the Sultanate of Oman to a new level. He appreciated the support of family and friends and stated, "it is with great pleasure and honor that I received the news of being nominated as the recipient of the Award "Islamic Finance Personality of the Year 2014". Prof Humayon Dar, Founding Chairman of GIFA said at this occasion that "by committing ourselves to Islamic banking and finance, Shari'a authenticity and Social Responsibility Islamic finance can act as a role model even for conventional banking and finance, which is facing a crisis-like situation".

FWU Takaful Solutions received the Best Takaful Solutions Provider 2014, at this occasion, Mr Sohail Jaffer, Deputy CEO Takaful Solutions. SEDCO Capital received the "Islamic Finance Social Responsibility Award 2014" for the second consecutive year. At this occasion CEO of SEDCO Capital Mr Hasan AlJabri stated that, "It is great to see entities like Edbiz Consulting making efforts to enhance the Islamic Finance industry through the quality and well thought through research, papers, publications and reports. It is these initiatives that build and create long term benefits to the Sharia compliant finance sector. We are honoured to have been recognized for the work our team has done in responsible and ethical investment at this Global Islamic Finance Awards 2014 by winning the "Islamic Social Responsibility Award" for the second year in a row; a proof that we will always continue to play our part in supporting the industry and sharing the knowledge."

Rizwan Malik, Manager at Edbiz Consulting, responded when asked about the purpose of the Awards with this comment: "The GIFA is about growth; the industry needs to keep looking up and pushing forward and each year the GIFA will celebrate those institutions and individuals that have contributed significantly to the growth of the industry."   

A table with a list of all the GIFA award recipients is as below. 



For more information, please visit: www.edbizconsulting.com or email info@edbizconsulting.com

© Press Release 2014