SambaCapital: "Global Finance names SambaCapital the Best Islamic Investment House in the World for 2012"
SambaCapital, the investment arm of Samba Financial Group, has been awarded 'Best Islamic Investment House' by Global Finance magazine, a specialist international financial publication. The award, which will be officially presented to SambaCapital at a ceremony on Saturday, 13 October 2012 in Japan, acknowledges SambaCapital's outstanding performance in Shariah compliant offerings, from its high profile SR 10 billion innovative Islamic refinancing advisory for Mobily to being assigned as a joint lead arranger and joint bookrunner of the landmark SR 3.75 billion project finance sukuk for Saudi Aramco Total Refining and Petrochemical Company (Satorp).
The award also recognizes SambaCapital's leading Islamic Finance mutual fund business, which recently announced two new Islamic funds, allowing investors to tap both the commodity and equity markets.
Mr. Eisa Al Eisa, Chairman of SambaCapital, commented on the award by saying: "I am delighted that SambaCapital has once again been recognized for its leading position in innovative Shariah complaint solutions that meet the needs of our clientele. This award is distinguished in that it exceeds a local and regional level, so that SambaCapital becomes the best Islamic investment house in the world".
The Chairman expressed his thanks and appreciation to all SambaCapital's employees for their efforts in preserving an outstanding level of efficiency in the company's services and maintaining their excellent reputation.
Joseph D. Giarraputo, publisher of Global Finance, added: "Shariah-compliant finance is the fastest-growing area of finance worldwide, with more than 300 financial institutions that are either fully Islamic or provide Islamic financial products to their customers, in addition to several hundred more Islamic investment banks and insurance companies.
"The winning institutions were all noteworthy in their dedication to satisfying their customers' needs in accordance with Shariah principles.
This award is SambaCapital's seventh acknowledgement in 2012, adding to the 18 awards received during 2011. Thanks to its superior performance, SambaCapital was most recently awarded "2012 Best Investment House in the Middle East" for the 6th consecutive year by Global Finance.