Dar Al Sharia, Dubai Islamic Bankâ€™s (DIB) Sharia consultancy and Sharia advisory subsidiary, announced today that it has been recognised as the â€œBest Sharia Advisory Firm,â€ and â€œBest Islamic Consultancy Firmâ€ by the Islamic Finance News (IFN) Awards Best Service Providers Poll. The only firm to take home more than one award this year, Dar Al Sharia was voted for its high quality Sharia advisory services.
This is the second consecutive year that Dar Al Sharia has been voted the â€œBest Sharia Advisory Firmâ€ at the IFN Awards, which are considered as the most transparent, definitive and competitive awards in the Islamic finance industry.
Under the guidance of Dr. Hussain Hamed Hassan, Dar Al Sharia has established itself as a one-stop-solution-centre and the market leader in advising on structuring and documentation relating to Islamic banking, finance and insurance (Takaful) products, services and transactions including retail banking, Sukuk (Islamic bonds), Funds, Syndication, Restructuring, Product Development, conversion of conventional financial institutions into Islamic institutions and on-going Sharia supervision and guidance.
Abdullah Al Hamli, Chief Executive Officer, Dubai Islamic Bank said, â€œWe are very proud of the achievements and recognition of Dar Al Sharia in such a short time since its establishment in 2008. Being the worldâ€™s first Islamic bank, we understand the importance of Sharia guidance delivered in timely manner in order to avoid any Sharia issues in a transaction. Dar Al Sharia seems to have mastered this art and we wish them continued success and our full support going forward.â€
â€œDar Al Sharia is extremely pleased to have received such prestigious awards,â€ said Sohail Zubairi, Chief Executive Officer, Dar Al Sharia. â€œSince its establishment in 2008, Dar Al Sharia has conceptualised and delivered several innovative Sharia-compliant products and structures to the industry; in addition to being engaged in various high profile transactions in the regionâ€, Sohail continued, â€œWe express gratitude to all those who voted for Dar Al Sharia for their contribution to our success.â€
The Islamic Finance News Awards honours the best in the Islamic financial industry. It is one of the most prestigious awards and highly recognised by the global Islamic capital markets. Established in 2005, The Islamic Finance News Polls continue to be an apt representation of the current Islamic financial market landscape and is the industry’s leading and most comprehensive annual poll.