$100 million Islamic structured club facility

M$100 million ($18.2 million) sustainable and responsible investment sukuk (Ihsan)

OR250 million ($650 million) sukuk

$1.5 billion sukuk

Euromoney highlights six of the strongest key innovations in Islamic finance from the last 12 months.

£132 million ($187 million) secured Islamic facility

UK Export Finance $913 million sukuk (Khadrawy)

Submission deadline Thursday 10th March 2016

SR2 billion sukuk programme

£200 million sukuk

Private equity listings

$2.6 bilion IPP

$2.7 billion restructuring

RM1 billion sukuk

The immunization sukuk $500 million

View award winners

Lulu Hypermarket

$500 million perpetual sukuk

The growth and globalization of Islamic finance over the past decade has been a rare success story for the financial industry. Here, Euromoney examines the challenges the sector faces to rise to the next level. Throughout the section, we highlight the banks, advisers, issuers and companies that are moving the industry forward, in Euromoney’s inaugural Innovation in Islamic finance awards.

View award winners

With expanding economies and hundreds of million Muslims, Africa deserves to be a bigger part of Islamic finance. After a slow start, there are signs the sector is beginning to gain the crucial mass and legislative backing it needs.

$1.5 billion 10-year sukuk

International banks used to dominate Islamic finance. But their desire to innovate risked the market straying from its principles. Local and specialist firms have benefited from their withdrawal. But can they take Shariah-compliant finance to the next level without repeating the mistakes of the past?

As liquidity improves and conventional buyers become more familiar with it, the premium for issuing in an Islamic format is shrinking. Emerging market issuers may still hold the most promise for the future

Best sukuk deal:

Best Islamic bank in UK

Best sukuk house

Best Islamic leasing house

Best Islamic bank in Saudi Arabia

Best Islamic real estate deal: