CIMB Niaga Syariah is Indonesia’s best international Islamic bank, having made good progress in digital and sustainability this year.

Standard Chartered Saadiq has made progress in its commitment to innovation, financial inclusivity and sustainable development, and wins Bangladesh’s best international Islamic bank category this year.

Name of borrower: Enertech Holding Company

In 2023, Bank BTN, passed a number of milestones, from supporting sustainable housing to launching environmental, social and governance initiatives, and is the best Islamic bank in Indonesia this year.

Name of borrower: KPJ Healthcare

Allied Bank Limited has made some great enhancements to its product offering and has seen a corresponding improvement in financial performance.

Name of borrower: Johor Corporation

Name of borrower: AET Singapore Holdings

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.

Maybank Islamic wins best domestic Islamic bank in Malaysia following a period marked by strong financial results, impactful environmental, social and governance initiatives and landmark transactions.

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.

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.”

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.

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.

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.

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.

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.

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.

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.

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%.

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.

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.

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.

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