Name of borrower: KPJ Healthcare

Name of borrower: Pakistan Mobile Communications

Amana Bank is named the best Islamic bank in Sri Lanka following a good year and new product innovation.

Name of borrower: Enertech Holding Company

HSBC Amanah has reinforced its position as the leading Islamic banking institution in Malaysia this year with robust financial performance and innovative product launches. The bank secures is name as the best international Islamic bank in the country as a result.

Standard Chartered Saadiq saw new product launches, technological innovation and strong financial results during the awards period, and is Pakistan's best international Islamic bank this year.

Name of borrower: AET Singapore Holdings

Name of borrower: Johor Corporation

Name of borrower: Islamic Republic of Pakistan

Name of borrower: PLN Batam

Standard Bank Shari'ah Banking has been named the best Islamic bank in South Africa following a busy period in the capital markets, the launch of several market-first solutions and impactful community support work.

RakBank isn’t the biggest or best known bank in the United Arab Emirates. But it is playing an outsized role in providing innovative Islamic banking solutions and growing the market.

The global turmoil of 2022 posed a severe test for Banque Misr and its more than 10 million customers. The one-two punch of Russia’s invasion of Ukraine and the foreign-currency crunch caused by surging inflation sent Egypt to the IMF.

Al Rajhi Bank had a busy 2022, arranging 12 high-profile transactions in the Saudi riyal and US dollar debt capital markets.

Founded in 2009, Sidra Capital is a pioneer of private Islamic finance in Saudi Arabia, with offices in Riyadh, Dubai, Singapore and London. Licensed and regulated by the Saudi Arabian Capital Market Authority, Sidra’s Shariah-compliant asset business focuses on alternative asset classes, real estate and private finance and private equity.

By virtually any measure, Maybank is Malaysia’s best Islamic bank. It is ahead of its rivals in market share for total assets, financing, deposits and unrestricted investment accounts.

Qatar’s biggest Islamic bank remains hard to beat. Last year, it offered shareholders a 17.8% return on equity, a 2.1% return on assets and one of the industry’s lowest cost-to-income ratios at 17.4%.

Since its inception in 2004, Boubyan Bank has carved out a specific niche in a Kuwaiti market dominated by bigger and more established players. As chief executive Abdullah Al-Tuwaijri puts it, three words serve as the guiding star for the bank’s strategy: “modern, attractive and digital.”

Kuwait Finance House’s 45th year in business was a banner one. In October 2022, the team led by acting chief executive Abdulwahab Iesa Alrushood completed the acquisition of Bahrain’s Ahli United Bank to create the world’s second-largest Islamic bank.

Despite surging global interest rates, inflation, gyrating currencies and geopolitical tensions, Ahli Islamic Bank has stayed the course. It has grown its business and worked to expand the industry, pursuing financial inclusion when it is needed most.

You might expect that a bank that managed to double its profit over the last year would be an easy call for the best in Bahrain. But aside from the financials, Bahrain Islamic Bank, led by chief executive Yaser Alsharifi, is a clear standout in many categories.

Dubai Islamic Bank reported a 12% year-on-year rise in net profit in the first quarter of 2023, while total income grew by 47% over the same period – the result of strong income from financing assets and robust cost management.

Over the last 45 years, Jordan Islamic Bank (JIB) has steadily grown its banking, financing and investment businesses in accordance with Islamic guidelines. The corporate governance code it built became the standard in Jordan and one that the central bank has taken to using as a benchmark for peers.

Few banks take the phrase 'digital transformation' more seriously than Dukhan Bank.

Bank Syariah Indonesia’s (BSI) focus on tech disruption is not typical for a state-owned lender. But southeast Asia’s biggest and most populous economy is proving fertile territory for startup finance.