Islamic finance awards 2009: Best project finance deal

	Islamic finance faces crunch test
	Institutional awards
	Best international Islamic bank	Best Islamic bank in the Middle East
	Best Islamic bank in Asia	Best sukuk house
	Best takaful provider	Best project finance house
	Best leasing house	Best real estate house
	Best assurance and advisory firm	Best legal advisory firm
	Best fund manager	Most improved Islamic finance house
	Best structured products house
	Deals of the Year
	Deal of the year	Best sukuk deal
	Most innovative deal	Best project finance deal
	Outstanding contribution
	Zeti Akhtar Aziz

Winner: 

Ras Laffan power and water project

In early 2008 the Ras Laffan Power and Water Project (C) began to raise financing in excess of $3.32 billion, the largest non-recourse for a Middle East power and water project. The project had a debt:equity split of 85:15. The debt financing was split into four tranches.