Al Baraka Banking Group was named 'Best Regional Bank' at the Annual Islamic Business and Finance Awards ceremony.
Held at Emirates Towers Hotel, Dubai, the awards ceremony celebrated achievements of top Islamic bankers, financiers and Islamic banking and finance institutions and, where a total of 30 awards were given away.
Gulf-based institutions and individuals competed head-to-head with their international peers, taking home more than two thirds of the awards.
Other winners were drawn from the UK, US, Malaysia, Luxembourg and Sudan.
"Winning this award motivates us to continue work on the implementation of our strategies with a view to serving the development needs of the countries in which we operate, in addition to providing innovative Islamic banking services and products in line with the evolving needs of our customers and the countries in which we operate or have business relationships through our banking units or representative offices," said Al Baraka Banking Group president and chief executive Adnan Ahmed Yousif.
"It is also an international recognition of the outstanding achievements of the group."
The Islamic Business & Finance Awards running for its fifth year, is considered to be one of the most prominent events in the finance industry in the Gulf region.
The annual ceremony was designed to highlight, encourage and reward the exceptional performance and growth of the Islamic business and finance community.
These awards are now widely considered as a benchmark of excellence in the industry.
Shanghai Composite surges 1.9% on stimulus rumor
Mainland China share market closed higher in volatile trade on Thursday, 21 May 2015, on speculation of more policy support from Beijing after weaker-than-expected flash Chinese manufacturing data. T
Hong Kong shares end 0.22% lower
Hong Kong stocks have eased 0.22 per cent following Wall Street losses, but mainland markets rallied after another weak reading on Chinese manufacturing activity raised hopes for further stimulus mea