Zamarad Assets Berhad's RM255 million ($57 million) tranche 7 sukuk murabahah ABS.

Jabal Omar Development Company’s SAR5.3 billion ($1.4 billion) debt conversion.

Elsewedy Electric’s EGP3 billion ($97 million) Sharia-compliant multi-purpose syndicated facility.

Republic of Turkey’s $3 billion five-year sukuk.

Abdulwahed Ahmad Rashed Bin Shabib’s AED455 million ($124 million) financing.

It seems fitting that the world’s first full-service Islamic bank is the winner of the award for the Middle East’s best Islamic bank. Since 1975, Dubai Islamic Bank (DIB) has been steadily building what is now the second-largest Shariah-compliant banking business in the world by assets.

Structured finance isn’t just an important part of Boubyan’s corporate banking group, it is the very core.

Kuwait Finance House’s (KFH) commitment to embed sustainability into all that it does officially stems from the nation’s Vision 2035 plan. There is little doubt, however, that the bank itself is running well ahead that schedule.

Mashreq Al Islami is proving year after year that an Islamic bank with industry-leading digital capabilities doesn’t need vast scale to disrupt the regional market.

As Indonesia prepared to host an Association of southeast Asian Nations (Asean) summit in May 2023, president Joko Widodo pledged to make his economy a centre of growth in the region.

Over the last 24 years, InterVest Capital Partners has established more than 120 leasing and financing programmes, with committed capital topping $15 billion.

For cross-border transactions, supply-side financing and capital markets, HSBC Amanah, led by chief executive Raja Amir Shah Raja Azwa, was the international Islamic bank to beat this year.

One transaction alone cemented Al Rajhi Bank’s claim to be the best sukuk house this year. On March 29, 2023, the world’s biggest Islamic bank by assets and market capitalization closed its first US dollar sustainable sukuk.

Maybank’s global Islamic presence can be compared favourably with any of the biggest Gulf region banks. The bank is east Asia’s biggest in terms of total assets, which stand at more than $67 billion. Globally, Maybank Islamic trails only Al Rajhi Bank, SNB Capital, Dubai Islamic Bank and Kuwait Finance House.