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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
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
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
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
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30/04/2025
Saudi Arabia and China are strengthening their air cargo cooperation through a new agreement to create a joint freight hub as part of the Air Silk Road initiative.
The deal, inked between Sa
Arab News
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
Financial Information Co.
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