Dubai: Services of Deutsche Bank for Islamic Finance are getting recognized at all levels as the bank has gained a prominent place in the Islamic Finance world. Recently, Deutsche Bank has bagged three top awards in recognition of its services to the Islamic Finance industry and the most prestigious award has been the Best Islamic Trustee/Custodian 2012 Award by the Islamic Finance news.
Deutsche Bank has not only been recognized as the Best Islamic Trustee/Custodian 2012, but the bank has also won IPO Deal of the Year award for the Felda Global Ventures USD3.4 billion initial public offering (IPO) and the Qatar Deal of the Year award for the Bank’s role in the State of Qatar USD4 billion Dual Tranche Sukuk.
This is the third consecutive year that Islamic Finance news has recognized Deutsche Bank’s excellence in providing Islamic Trustee and Custody Services in their annual Global Banking Awards. At its locations in Dubai and Doha, Deutsche Bank has been developing investment products designed in accordance with Islamic law for a growing clientele in the Middle East and South East Asia for more than 10 years.
Salah Jaidah, Chairman of Islamic Finance at Deutsche Bank, said, “We are honored to have received these awards from Islamic Finance news, as they confirm our expertise in servicing the needs of the growing Islamic Finance market. The Qatar Deal of the Year Award reflects Deutsche Bank’s capabilities to structure complex Islamic Finance transactions as well as its dedication to the State of Qatar.”
Sriram Iyer, Regional Head of Global Transaction Banking in the Middle East and Africa, commented, “Through our expertise in the Islamic Finance business we have been able to steadily grow our award winning trustee and custody businesses. We are dedicated to deliver world-class Islamic Finance solutions to our clients.”
The management of Deutsche Bank says that it is deeply committed to the development of the Islamic Finance industry and is broadly recognized as a world-class provider of Islamic financial solutions.