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Saudi banks recognised at Islamic fund awards in Abu Dhabi
Source: BI-ME , Author: Posted by Bi-ME staff
Posted: Wed April 20, 2011 4:23 pm

UAE. Global leaders in Islamic finance gathered this week at the Amanie-Failaka Symposium and Failaka Islamic Fund Awards, held at the Intercontinental Hotel in Abu Dhabi, which drew key decision-makers from some of the world’s biggest Islamic financial institutions and Islamic divisions of some of the world’s largest banks.

“The Amanie-Failaka Symposium and Failaka Islamic Fund Awards are extremely valuable events in terms of bringing together leading fund managers and bankers who are active in this space,” said Mark Smyth, Managing Director, UAE-based Failaka Advisors.

“Recognising the significant achievements of top-performing managers is something we’ve been doing now for six years. While we have a number of return winners this year, it does spotlight clearly those who lead the sector. There is, however, always room for others,” Smyth added.

Selected from a strong field comprising hundreds of Islamic funds and fund managers from across the GCC, Asia, the US and Europe were, Saudi Arabia’s Jadwa Investment and Malaysia’s AmIslamic Funds Management.

The Failaka Islamic Fund Awards set the industry standard and raise the profile of Islamic finance. It is an extremely important event for all industry stakeholders, particularly Islamic fund managers and distributors. Events such as this are extremely important in furthering understanding of just how much economic potential this sector represents – I see the Failaka Islamic Fund Awards as the Islamic finance equivalent of the Cannes Film Festival,” said Datin Maznah Mahbob, chief executive officer, AmIslamic Funds Management.

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