Global Islamic Finance Awards
Global Islamic Finance Awards (also known as "GIFA") are one of the most prestigious awards in Islamic banking and finance. Other prestigious awards are Islamic Development Bank Prize in Islamic Banking and Finance (also known as "IDB Prize") and The Royal Award For Islamic Finance, founded by the government of Malaysia. GIFA was founded by Professor Humayon Dar,[1] who has also founded a number of initiatives in Islamic banking and finance, including Global Islamic Finance Report,[2] Islamic Finance Review (ISFIRE),[3] and an online blog for Islamic economics and finance called Islamic Economist.[4]
Since the inception of GIFA in 2011, it has announced five GIFA Laureates (the recipients of the prestigious Global Islamic Finance Leadership Awards), including:
- HE Tun Abdullah Badawi, Former Prime Minister of Malaysia - 2011
- HRH Sultan Nazrin Shah of the Malaysian State of Perak - 2012
- HE Shaukat Aziz, Former Prime Minister of Pakistan - 2013
- HE Nursultan Nazarbayev, President of the Republic of Kazakhstan
- HRH Muhammadu Sanusi II, Emir of Kano, Nigeria
His Excellency Joko Widodo, President of the Republic of Indonesia, has been announced as the 6th GIFA Laureate to receive Global Islamic Finance Leadership Award 2016 at Jakarta, Indonesia, on September 29, 2016.
Other Award Winners are given in the Table below:
| Award Categories | 2011 | 2012 | 2013 | 2014 | 2015 |
| Top Awards | |||||
| Global Islamic Finance Leadership Award (Individual Category) | Tun Abdullah bin Haji Ahmad Badawi, Former Prime Minister of Malaysia | Sultan Nazrin Shah ibni Sultan Azlan Muhibbuddin Shah, Sultan of Perak | Mr Shaukat Aziz, Former Prime Minister of Pakistan | Mr Nursultan Nazarbayev, President of Kazakhstan | HRH Muhammadu Sanusi II, Emir of Kano, Nigeria |
| Global Islamic Finance Leadership Award (Insitutional Category) | ____ | ____ | ____ | ____ | Islamic Development Bank |
| Global Islamic Finance Leadership Award (Country Category) | —— | —— | —— | Malaysia | Not Awarded |
| Prestigious Awards | |||||
| Islamic Finance Personality of the Year Award | —- | Sohail Jaffer Deputy CEO of FWU Group | Hasan Al Jabri, CEO of SEDCO Capital | Dr Jamil Jaroudi, CEO of Bank Nizwa | Mr Khaled Al-Aboodi, CEO of ICD |
| Islamic Banker of the Year Award | Badlisyah Abdul Ghani, CEO of CIMB Islamic | Yuslam Fauzi, CEO of Bank Syariah Mandiri | Datuk Sri Zukri Samat, CEO of Bank Islam | Dr Adnan Chilwan, CEO of Dubai Islamic Bank | Datuk Mustafha Hj Abd Razak, CEO of Bank Rakyat |
| Islamic Finance Advocacy Award | ___ | ___ | Linar Yakupov, CEO of Tatarstan Investment Deevelopment Agency, the Russian Federation | —— | Khazanah Nasional |
| GIFA Special Award (Leadership Role) | Mr Yasin Anwar, Governor of State Bank of Pakistan | ___ | Mr Sanusi Lamido Sanusi, Governor of Central Bank of Nigeria | ___ | Mr Yerlan A. Baidaulet, Advisor on Islamic Finance, Government of Kazakhstan |
| GIFA Special Award (Advocacy Role) | ___ | ___ | ___ | Dr Zambry Abdul Kadir, Chief Minister of Perak, Malaysia | HE M. Ishaq Dar, Finance Minister of Pakistan |
| General Categories | |||||
| Best Islamic Bank | National Commercial Bank | CIMB Islamic | Dubai Islamic Bank | Bank Rakyat | Dubai Islamic Bank |
| Best Takaful Company | FWU Global Takaful Solutions | Etiqa Takaful | FWU Global Takaful Solutions | FWU Global Takaful Solutions | Takaful Ikhlas |
| Best Islamic Fund | —- | CIMB Principal Islamic Asset Management (Ireland) plc | F & C Sharia Sustainable Opportunities Fund | NBAD Islamic MENA Growth Fund | Amana Growth Fund |
| Best Islamic Fund Manager | CIMB Principal Islamic Asset Management Sdn. Bhd. | SEDCO Capital | AmInvest | AmInvest | SEDCO Capital |
| Best Islamic Wealth Manager | |||||
| Best Islamic Banking Window | —- | ADCB Islamic | ADCB Islamic | Bank Alfalah Islamic | Bank Alfalah Islamic |
| Best Islamic Structured Products Platform | Societe Generale | CIMB Islamic | Societe Generale | —— | ___ |
| Best Islamic Finance Technology Provider | Path Solutions | International Turnkey Systems (ITS) | International Turnkey Systems (ITS) | Path Solutions | Path Solutions |
| Best Islamic Finance Technology Product | ETHIX by ITS | ETHIX by ITS | ---- | —— | ____ |
| Best Islamic Finance Law Firm | Agha & Shamsi/Agha & Co | Zaid Ibrahim & Co (ZICO) | ARSA Lawyers | —— | ____ |
| Best Islamic Finance Consultancy | KPMG | KPMG | ---- | Al Maali | Dar Al Sharia |
| Best Supporting Institution of the Year | DDCAP | DDCAP | Finance Accreditattion Agency (FAA) | DMCC Tradeflow | IIFM |
| Shari'a Lawyer of the Year Award | ____ | ____ | ____ | ____ | Kamran Sherwani, ABCD Islamic |
| Upcoming Personality in Islamic Finance | Dr Asyraf Wajdi Dusuki | Dr Wan Nursofiza Wan Azmi | Moinuddin Malim | —— | ___ |
| Upcoming Personality in Islamic Finance (Leadership Role) | —— | —— | —— | Amr Al Minhali | Amman Muhammad |
| Upcoming Personality in Islamic Finance (Pioneering Role) | —— | —— | —— | Sulaiman Al Harthi | ___ |
| Upcoming Persociality in Islamic Finance (Product Development & Structuring Role) | ____ | ____ | ____ | ____ | Mohammed Shaheed Khan, GIB |
| Best Sukuk Deal of the Year | —- | AJIL Cayman Sukuk – Gulf International Bank | Axiata Group Berhad - CIMB Islamic | Al Bayan Sukuk, Hong Leong Islamic Bank | Al Baraka Bank Pakistan's Tier II Capital Mudaraba Sukuk |
| Islamic Social Responsibility Award | —- | Islamic Relief Worldwide | SEDCO Capital Global Funds | SEDCO Capital | ___ |
| Most Innovative Product | —- | Qibla Card – Al Hilal Bank | Emirati Savings Millionaire Account - ADCB Islamic | —— | Arabesque Prime Fund |
| Best Islamic Rating Agency | —- | RAM Rating Services | ---- | MARC | Moody’s |
| Best Islamic Microfinance Institution | ---- | ---- | Amanah Ikhtiar Malaysia | Amanah Ikhtiar Malaysia | Amanah Ikhtiar Malaysia |
| Best Shari’a Compliant Commodity Facilitation Platform | ____ | ____ | ____ | DDCAP Group | DDCAP Group |
| Best Islamic Savings Product | ---- | ---- | National Bonds | National Bonds | National Bonds |
| Academic Awards | |||||
| Best Islamic Finance Qualification | Certified Islamic Finance Executive (CIEF) by ETHICA | Certified Qualification in Islamic Finance (CQIF) by IBFIM | Bachelor of Islamic Finance and Banking by UUM | ____ | Diploma in Halal Management by UiTM |
| Best Islamic Finance Education Provider | INCEIF | Durham University | CIMA | Accounting Research Institute, UiTM | Malaysian Financial Planning Council |
| Best Islamic Finance Training Provider | —— | —— | —— | IBFIM | The University of Nottingham Malaysia Campus |
| Best Research and Development in Islamic Finance | —- | Asian Institute of Finance | Meezan Bank | Islamic Research and Training Institute, IDB | Islamic Research and Training Institute, IDB |
| Occasional Categories | |||||
| Pioneer of Islamic Banking | Bank Muscat (Oman) | —- | ---- | Bank Muamalat (Indonesia) | KFH-Bahrain |
| The Most Improved Islamic Bank | ADCB Islamic Banking | —- | ---- | —— | ___ |
| Upcoming Shari’a Scholar | Mufti Talha Azami | —- | ---- | —— | ___ |
| Shari’a Authenticity Award | —- | Bank Islami Pakistan | ___ | ___ | Meezan Bank |
| Best Islamic Finance Solutions Provider | ___ | ___ | ___ | ___ | SAB |
| Upcoming Islamic Bank | ____ | ____ | Bank Nizwa | —— | Agrobank |
| Best Islamic Finance Case | —— | —— | —— | Bank Islam and Asian Institute of Finance | Amanah Ikhtiar Malaysia |
| Best Islamic Publishing House | ____ | ---- | ____ | ___ | IBFIM |
| Best Islamic Exchnage | ____ | ____ | ____ | Bursa Souk Al-Sila, Bursa Malaysia | |
| Best Zakat Districution Programme | ____ | ____ | ____ | ____ | UiTM |
| Best Research in Islamic Financial Criminology | ____ | ____ | ____ | ____ | UiTM |
| Best Research & Publications Award | ____ | ____ | ____ | ____ | Sheikh Hamdan Bin Mohamed Smart University |
| Best Sukuk House of the Year | ____ | ____ | ____ | ____ | NBAD |
| Human Capital Development Initiative Award | ____ | ____ | ____ | ____ | ADCB Islamic Banking |
Other attendees of GIFA include:
- HE Najib Razak, Prime Minister of Malaysia
- His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai and Prime Minister & Vice President of UAE
The GIFA 2016 ceremony is expected to take place towards the end of September 2016 in Jakarta, Indonesia.
References
- ↑ "Professor Humayon Dar | Official Website". humayondar.com. Retrieved 2014-04-23.
- ↑ "GIFR 2013 - An Edbiz Consulting Publication". gifr.net. Retrieved 2014-04-23.
- ↑ "ISFIRE | Islamic Finance Review". islamicfinancereview.co. Retrieved 2014-04-23.
- ↑ "Islamic Economist". islamiceconomist.com. Retrieved 2014-04-23.
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