The National Bank of Abu Dhabi (NBAD) has been named “Best Sukuk House of the Year” at the Global Islamic Finance Awards 2015 ceremony that was held in Bahrain on September 28th, 2015. This is the 46th industry award NBAD has won year-to-date across its bonds, loans and Sukuk platform - more than any other Middle Eastern bank.
The Global Islamic Finance Awards (GIFA) celebrate the achievements of individuals and institutions from different countries that promote and contribute to the development of Islamic banking and finance. This year it recognised 30 honourees in 40 fiercely contested categories. GIFA awards are considered among the most prestigious accolades for excellence in Islamic finance.
Andy Cairns, Managing Director and Global Head of Debt Origination & Distribution at NBAD, said: “Leadership in Islamic capital markets is a cornerstone of NBAD’s financing proposition and we are honoured that this has been recognised by GIFA. During the past year we have strived to be at the forefront of innovation in international Sukuk, so to win ‘Best Sukuk House’ for 2015 is especially satisfying.”
NBAD was ranked number 1 Bookrunner for International Sukuk in Q1 2015 by Bloomberg and has played a leading role in the development of Sukuk as an asset class. NBAD has structured and led numerous landmark Sukuk transactions over the past year including Emirates Airlines’ UKEF-backed Sukuk, representing the first-ever Export Credit Agency guaranteed Sukuk. NBAD was also Joint Bookrunner on the inaugural Sukuk for non-Islamic sovereigns for the United Kingdom and Hong Kong SAR plus multiple benchmark Sukuk offerings from issuers including the Emirates of Sharjah, Dubai and Ras Al Khaimah, International Finance Corporation, Goldman Sachs, the International Finance Facility for Immunisation, Islamic Development Bank, flydubai and Emaar Malls.