Deutsche Bank announced today that is has been named “Best Islamic Trustee/Custodian 2013” by Islamic Finance News. In addition, Deutsche Bank received the awards for “Best IPO” and “Best Deal in Qatar”. Furthermore, Deutsche Bank has been recognized for the “Best Deal in KSA" as well as the “Best Infrastructure & Project Finance Category Deal” for Deutsche Securities Saudi Arabia’s successful execution of the SADARA sukuk issue.
In addition, Deutsche Bank has been recognized in the Murabahah and the Trade Finance category for its role in the Mobily transaction.
Salah Jaidah, Chairman of Islamic Finance at Deutsche Bank and Chief Country Officer for Qatar said: "We are honored to receive these awards from Islamic Finance news, as they reflect Deutsche Bank’s capabilities to structure complex Islamic Finance transactions. Furthermore, the Qatar Deal of the Year Award exhibits our passion and dedication to develop our Islamic Finance franchise in the State of Qatar.”
Sriram Iyer, Global Head of Trust & Agency Services, Global Transaction Banking at Deutsche Bank said: "We are pleased to receive this recognition for the fourth year in succession, as they further demonstrate our expertise in servicing the custody needs of the growing Islamic Finance market. We remain dedicated to delivering world-class Islamic Finance services to our clients around the world."
Jamal Al Kishi, Chief Executive Officer of Deutsche Securities Saudi Arabia, added: “This is a great recognition by Islamic Finance News for Deutsche Bank’s business in the Kingdom through Deutsche Securities Saudi Arabia. We are committed to growing our Saudi franchise and to providing best-in-class Sharia-compliant products and services to our Saudi clients."
Andrew Morgan, Managing Director & Publisher of Islamic Finance News, said: “The participation of Deutsche Bank across multiple categories this year is testament to the breadth and depth of its invaluable and consistent contribution to the global Islamic capital markets. With deals spanning numerous jurisdictions and encompassing a wide variety of sectors, asset classes, structures and jurisdictions, Deutsche Bank has once again demonstrated its position as a pillar of the Islamic finance industry both in the Middle East region and globally”.
This is the fourth consecutive year that Islamic Finance news has recognized Deutsche Bank's excellence in providing Islamic Trustee and Custody Services in their annual Global Banking Awards. In addition, it is also the second year that Deutsche Bank receives “Best IPO” and “Best Deal in Qatar” awards.
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