Mashreq Al Islami receives Best Islamic Window Award

Dubai – UAE, December 23rd  2015: Mashreq Al Islami, the Islamic banking division of UAE’s leading financial institution was announced the winner of Best Islamic Window 2015 at the 10th Islamic Business & Finance attended  by some 200 Islamic bankers and financiers from around the world. This is the 5th consecutive year the award goes to Mashreq Al Islami, which is a reflection of the commitment and highest standard of customer service.

Established in 2005, the Islamic Business & Finance Awards aims to recognize the best performing institutions in a variety of regions where Islamic finance is either already developed or is rapidly expanding. The event is truly global and attracts nominations and submissions from Europe, Americas, Africa, Middle East and Asia.

The award was accepted by Momin Hyat - Head of Shariah Governance & Compliance at Mashreq Al Islami, Ali Moosa - Head of Distribution at Mashreq and Salman Ahmed, Business Manager, Islamic Banking at Mashreq Al Islami. 

Tooran Asif, CEO of Mashreq Al Islami commented, “Winning for five years straight is something to be extremely proud of. Our focus and commitment is towards contributing to the Islamic Business of the bank and growing it. Our products and services are designed to accommodate the needs of our customers keeping in mind high degree of Sharia’h credibility. Islamic Banking has witnessed growth over the last few years and will continue to grow and we certainly anticipate positive outcome out of it for the entire industry.”

Mashreq Al Islami continues to expand its Sharia’h Compliant product offerings to cater to customer requirements and further strengthen its Islamic banking proposition. Mashreq Al Islami has focused on offering a full suite of Sharia’h Compliant products and services, with a host of new products launched for both retail and corporate customers. Mashreq Al Islami also provides Islamic Advisory Services, Working Capital Financing, Comprehensive Trade Finance solutions, Sukuk Advisory, Islamic Investment Products, and Islamic Treasury Products.

On the Retail side, Mashreq Al Islami offers a comprehensive suite of Islamic Wealth Management Products, including the award winning Mashreq Al Islami – Income Fund, Mashreq Arab Tigers Fund. Murabaha Sukuks & Funds Financing, Murabaha Shares Financing, Islamic Structured Investments, through its Shariah Certified Relationship Managers. MAI also offers Ijarah Home Financing, Car Financing, & Personal Financing on attractive profit rates, specially designed Takaful & Savings Plans through its wide network of branches across the UAE. MAI also offers attractive profit rates on its Mudaraba Savings & Term Deposit Accounts. Commodity Murabaha based Credit Card comes with a host of unmatched benefits and has an advantage of one of best rewards program, ‘Salaam’, in the UAE.