EIIB-Rasmala Group named Best European Islamic Bank

18/12/2013 08:30 AST

The EIIB-Rasmala Group was named ‘Best Islamic Bank in Europe at the Islamic Business & Finance Awards 2013.

Zak Hydari, Chief Executive of EIIB-Rasmala, said, “2013 has been another milestone year in the continued growth of the EIIB-Rasmala Group. The creation of the EIIB-Rasmala Group has established a unique platform for the origination and execution of Islamic finance activity, transactions and investment opportunities between the global financial centers of London and Dubai.

“2013 saw our Group continue to provide market leading investment banking products, such as our role as the arranger and bookrunner for European-based multinational insurance group FWU on their innovative $100 million Sukuk al-Wakala programme. We also launched a number of exciting new investment funds including the Rasmala Trade Finance Fund, the Rasmala Global Sukuk Fund, the Rasmala Leasing Fund and the Rasmala GCC Islamic Equity Income Fund. All of these funds were launched in response to the increasing global demand for Sharia-compliant investment products. We are extremely pleased to have these achievements recognized by such a respected panel of experts, as well as our industry peers.”

The Group also announced plans in October to target more than $2 billion of capital and investment funds from global investors and clients across its range of Islamic asset management and investment banking products.


CPI Financial

News

Rasmala 2015 profit drops 58pc

27/04/2016

Rasmala, an independent investment management group, has posted a profit of £0.25 million ($363,500) for 2015 as compared to £0.6 million during the previous year, marking a fall of 58.3 per cent. <

Trade Arabia

Rasmala Global Sukuk Fund reports on bond outlook

20/11/2013

The partial shutdown of the US governmental services ended on the 17 October and the US debt ceiling was raised at the 11th hour. Rasmala reports that both these factors were positive for debt market

CPI Financial

EIIB-Rasmala expands Islamic funds offering

19/11/2013

Investment bank EIIB-Rasmala has broadened its product range with the launch of the Rasmala Trade Finance Fund. This follows a series of new fund launches in 2013, including the Rasmala Global Sukuk

CPI Financial

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Top Related Companies

Ticker Price Change
GLOBAL 0.00 0.00 (0.00%)
MARIN 0.00 0.00 (0.00%)
AINV 0.00 0.00 (0.00%)
TII 0.00 0.00 (0.00%)
IIC 0.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap