By A Staff Reporter -
MUSCAT — HSBC Amanah has again been named Best International Islamic Bank by Euromoney in its Islamic Finance Awards 2012. The annual awards are widely considered to be the most high profile accolades in the Islamic finance industry and recognise outstanding performance, quality, service, and innovation in the sector.
Besides Best International Islamic Bank, HSBC Amanah also won the Best Project Finance House award, in recognition of its leading project finance advisory services for government-backed companies and private sector developers in Saudi Arabia, the most developed market for Islamic project financing.
Mukhtar Hussain, Global CEO of HSBC Amanah, said, “We are grateful to be recognised time and again as the leading international Islamic bank across customer segments, be it corporates, institutions or individuals. HSBC Amanah remains at the forefront of the industry, helping structure innovative deals, bridging trade and capital flows between the Middle East and Asia, and helping the Islamic project finance market reach its potential.”
“Shariah-compliant financial services continue to grow in line with customer demand despite the challenging economic environment and HSBC Amanah is proud to be recognised as the premier, cross-border financial institution by Euromoney.”
In 2011, HSBC Amanah is the No 1 underwriter of international and GCC Sukuk, with a 25.4 per cent and 21.3 per cent market share respectively. HSBC also currently has the mandate for the largest number of pure Islamic project financing advisory transactions in Saudi Arabia.