HSBC Amanah is Euromoney’s Best International Islamic Bank for Third Year

 

13 February 2012
Source : HSBC Hamanah

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.

HSBC Amanah won 14 other awards:

Euromoney Islamic Finance awards 2012

Deal of the year - Axis Financing
Best Sukuk Deal - Republic of Indonesia Sukuk
Most Innovative Deal - HSBC Middle East Bank Limited Sukuk

Islamic Finance News awards

Malaysia Deal of the year - Wakalah Global Sukuk
Sovereign Deal of the year - Wakalah Global Sukuk
Turkey Deal of the year - KT Sukuk Varlik Kiralama US$350 million certificates
Indonesia Deal of the year - Perusahaan Penerbit SBSN Indonesia II US$ 1 Billion Trust Certificate Issuance
Mudarabah Deal of the year - Bank Al Jazira SAR1 Billion Sukuk

EMEA Finance Achievement Awards 2011

Best Sukuk House
Best MYR Sukuk: National Bank of Abu Dhabi's MYR500mn issuance
Best Financial Institutions Sukuk: First Gulf Bank's US$650mn issuance
Best Corporate Sukuk: Emaar Properties US$500mn issuance
Most Innovative Sukuk: Bank Al Jazira’s SAR1bn issuance
Best Islamic borrower: Islamic Development Bank

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% and 21.3% market share respectively. HSBC also currently has the mandate for the largest number of pure Islamic project financing advisory transactions in Saudi Arabia.

About HSBC Amanah

HSBC Amanah is the global Islamic financial services business of the HSBC Group. It was established in 1998 with the aim of making HSBC the leading provider of Islamic financial services worldwide. With established and successful operations in the Middle East, Asia-Pacific and Europe, HSBC Amanah offers the largest and most comprehensive Islamic proposition of any international bank.

With the global resources of the HSBC Group at its disposal, HSBC Amanah is uniquely positioned to understand, structure, and distribute financial services that are compatible with the requirements of Shariah (Islamic Law).