Alizz Islamic Bank wins 'Best Sukuk Deal 2017'

26/12/2017 06:07 AST

Reinforcing its position as one of Oman's most dynamic and innovative Islamic banking institutions, Alizz Islamic Bank was recently conferred with the award for 'Best Sukuk Deal 2017' at the seventh Global Islamic Finance Awards 2017 (GIFA) held recently in Astana, Kazakhstan. The award was received on behalf of the bank by Mustafa al Lawati, Head of Investment Banking, Project Finance and Syndications of Alizz Islamic Bank.

GIFA is one of the most prestigious awards in the world of Islamic banking and finance. It acknowledges the contributions of institutions in the growth and expansion of the Islamic banking and finance sector.

Expressing the banks delight at winning the award, the honourable Salaam Said al Shaksy, CEO of Alizz Islamic Bank said, "We are deeply honoured to be recognised with the 'Best Sukuk Deal 2017' award by GIFA for our role as Joint Lead Manager for the recently issued Government of Oman 7 year $2 billion Sukuk. It is a great honour to be acknowledged along with other leading Islamic finance institutions. The award recognises our profound dedication to lead the innovation of the Islamic finance sector in the Sultanate."

Al Shaksy added, "We are extremely grateful to the Government of Oman for selecting us to be joint lead manager for the first issuance of the seven-year US dollar Sukuk and giving us an opportunity to deliver on a global stage. The significant oversubscription of the sukuk has indicated a clear global investor confidence in the prospects of the Omani economy."

Oman Daily Observer