Gulf International Bank B.S.C. (GIB) was voted “Islamic Investment Institution of the Year 2014” from a short-list of nominees through a unique industry-based process at the 10th Annual World Islamic Funds and Financial Markets conference(WIFFMC) held under the patronage of the Central Bank of Bahrain (CBB) at the Gulf Hotel, Manama, Bahrain.
The achievements, innovations and excellence in the global Islamic funds and investments industry were recognized recently at the WIFFMC awards ceremony where leading players, industry thought leaders and key regulators in the international Islamic funds and investments industry gathered.
Abdullah Al-Zahrani, Chief Investment and Treasury Officer, received the award on behalf of GIB from Abdul Rahman Mohammed Al Baker Executive Director – Financial Institutions Supervision, Central Bank of Bahrain.
GIB’s nomination for the award is a testament to the success of its dedication to best-practices and its commitment to developing an innovative and diverse range of investment solutions that caters to the need of customers – in line with the customer oriented strategy of the Bank and its mission to become a partner of choice.
Commenting on receiving the award, Dr. Yahya Alyahya, Chief Executive Officer, said “we are very pleased to have been voted Islamic Investment Company of the Year 2014. Receiving this prestigious award is an honor for GIB; it reflects the confidence and respect of our industry peers in the product offerings and services of the Bank to customers across a wide-spectrum.”
“We would also like to thank the CBB and WIFFMC for their efforts in bringing industry practitioners together at such a prestigious forum and the support of the Government of Bahrain for their unwavering support of the Islamic finance industry, and GIB in particular, for over 30 years ” he added.
GIB is a leading bank in the Middle East with its principal focus on the GCC states. Its primary shareholder is the Public Investment Fund of Saudi Arabia. The bank provides client-focused, innovative financial products and services to a wide customer base in the region, including asset management, IPOs, private equity placement, mergers acquisitions, sukuk/bond issues and Shariah-compliant banking services. — SG