The Islamic Finance news Awards 2008 Ceremony and Dinner will be held at the Al Ameera Ballroom, Grand Hyatt Dubai on the 3rd March 2009. This annual event will honor the winners of the 2008 Islamic Finance news Poll and Deals of the Year Awards. Over 300 guests will be attending the event including industry leaders representing those organizations to collect the awards.
Poll 2008
A record of 2491 unique votes counted towards the final results of the 2008 Islamic Finance news Poll, an increase of 66% over the votes cast in 2007. Thirty six categories were contested in the 2008 poll, one more than the previous year. Islamic finance issuers, investors, non-banking financial intermediaries and government bodies from around the world were invited to participate. Participants were requested to take only 2008 into consideration when casting their votes. All votes were screened and only those passing through the strict due diligence process were counted. (Voters could not vote for themselves or associated organizations, all votes were to be accompanied with a valid business email and telephone number and individuals could only vote once.)
Commenting on the Poll Andrew Morgan said, “The 2008 Islamic Finance news poll, conducted during December of last year, received a record 2,491 votes, a 66% increase from 2007. This is not including those 979 votes which we eliminated following our due diligence process. A further 2,627 votes were cast for the Best Individual Islamic Banker category making a total of 5,118 votes.â€
Deals of the Year Awards 2008
With over 248 unique submissions, the Deals of the Year awards 2008 provided a great challenge to review and arrive at the final selections. The fourfold growth in submissions reflected the dramatic increase in the volume of new deals. Many of these transactions reflect the depth of the players from the regional institutions in Asia and the GCC, as well as the importance of the global banks. Innovation was a hallmark of the transactions, with many bankers and their clients testing new frontiers.
Andrew Morgan also commented on the Deals of the Year Awards for 2008 saying, “The 2008 Islamic Finance news Deals of the Year, also saw a record with a total of 81 deals being submitted. Perhaps a more interesting statistic here is that a total of 97 financial institutions were involved in these 27 deals. That’s a 14% jump on the previous year, highlighting the number of institutions now providing Islamic financial services at the highest level.â€
Congratulating the winners Andrew Morgan continued, “That being recognized as the best in your category amongst all this competition is a wonderful feat, and for that we applaud you all on raising the bar yet again in what was a turbulent year.â€
About Islamic Finance news
Islamic Finance news is the industry’s leading capital market-focused publication providing subscribers with unrivaled editorial coverage of the global Islamic financing market.
About RedMoney
Launched in June 2004 and based in Kuala Lumpur, Malaysia, REDMoney Sdn Bhd is the holding company for Islamic Finance events, Islamic Finance news, Islamic Finance training, Islamic Finance consulting, Islamic Finance careers, MIF Monthly, MIF Training, MIF Forum, REDMoney books & REDMoney training.
