The Islamic finance industry is expected to grow by around 10 percent in 2023 into next year and, as Moody’s reports, Sukuk issuance is set to “rise sharply in 2023”. Issuance last year was postponed “because of capital market volatility, companies seeking to refinance near-term sukuk maturities and first-time rated sukuk issuers looking to diversify funding sources,” said Rehan Akbar, a Moody’s Senior Vice President. Demand for Sharia-compliant financing is high and growth is expected in several areas despite an economic slowdown in other major markets. There is also significant growth potential with green sukuk issuance with many Islamic banks adopting sustainability plans. World Finance celebrates those who have led the way to this positive outlook in its Islamic Finance Awards.
World Finance Islamic Finance Awards 2023
Best Islamic Banks
Bahrain
Al Salam Bank
Egypt
National Bank of Egypt
Jordan
Jordan Islamic Bank
Kenya
Dubai Islamic Bank Kenya
Kuwait
Kuwait International Bank
Morocco
Al Akhdar Bank
Qatar
Qatar Islamic Bank
Saudi Arabia
Al Rajhi Bank
Tunisia
Banque Zitouna
UAE
Emirates Islamic
UK
Gatehouse Bank
Best Takaful Insurance
Bahrain
Takaful International Company
Jordan
The Islamic Insurance Company
Kuwait
KFH Takaful Insurance Company
Malaysia
Jubilee General
Qatar
AlKhaleej Takaful Insurance
Saudi Arabia
Tawuniya
UAE
Abu Dhabi National Takaful
Special Recognitions
Best Islamic Banking & Finance Software Solutions
ICS Financial Systems
Best Digital Banking & Finance Software Solutions
ICS Financial Systems
Best Customer-Focused Islamic Banking Products and Services (Kuwait)
Kuwait International Bank
Best SME Bank (UAE)
Emirates Islamic
Best Retail Bank (UAE)
Emirates Islamic
Best Cash Management Bank (UAE)
Emirates Islamic
Best Treasury Management Bank (UAE)
Emirates Islamic
Most Connected and Strategically Located Financial Centre (MENA)
Qatar Financial Centre
Lifetime Achievement in Islamic Banking and Dedication to the Community
Sheikh Mohammed Al-Jarrah Al-Sabah, Chairman, Kuwait International Bank
Lifetime Achievement in Financial Technology Innovation
Robert Hazboun, Group CEO & MD, ICS Financial Systems
Business Leadership and Outstanding Contribution to Islamic Finance
H. E. Musa Shihadeh, Chairman of the Board of Directors, Jordan Islamic Bank
Kuwaiti Visionary CEO – Development & Growth Driver
Raed Jawad Bukhamseen,VC & CEO, Kuwait International Bank
Best Insurance Company for Customer Service Quality (Turkey)
Bereket Sigorta
Best Participation Insurance Company (Turkey)
Bereket Sigorta
