Islamic finance awards 2009: Islamic finance faces crunch test

January 29, 2009

Old-style capitalism is in disrepute. Fans of Islamic finance say it is a model whose ethics give it more sustainability. But optimists will be disappointed to see how far it is part of the global bust. Dominic O’Neill reports.


	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

THE HEADLINE OF an article on Islamic banking in the Washington Post late in October was sanguine. "Steady in shaky times," it read. Proponents of the industry were reportedly promoting Islamic banking as "a cure for the global financial meltdown". The sector was gaining new confidence, the article said. Fast-forward three months and industry insiders are less sure of themselves.

Islamic finance awards 2009: Islamic finance faces crunch test

Old-style capitalism is in disrepute. Fans of Islamic finance say it is a model whose ethics give it more sustainability. But optimists will be disappointed to see how far it is part of the global bust. Dominic O’Neill reports.

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