Deutsche Bank has announced that is has been recognised by Islamic Finance news as the “Best Islamic Trustee/Custodian 2012”.

This is the third consecutive year that Islamic Finance news has recognised Deutsche Bank's excellence in providing Islamic Trustee and Custody Services in their annual Global Banking Awards, a statement from the bank said.

At its locations in Dubai and Doha, the bank has been developing investment products designed in accordance with Islamic law for a growing clientele in the Middle East and South East Asia for over ten years.

Salah Jaidah, chairman of Islamic finance at Deutsche Bank, said: "We are honoured to have received these awards from Islamic Finance news, as they confirm our expertise in servicing the needs of the growing Islamic finance market.”

“The Qatar Deal of the Year Award reflects Deutsche Bank’s capabilities to structure complex Islamic Finance transactions as well as its dedication to the State of Qatar.”

Sriram Iyer, regional head of global transaction banking in the Middle East and Africa at Deutsche Bank, said: “Through our expertise in the Islamic finance business we have been able to steadily grow our award-winning trustee and custody businesses. We are dedicated to deliver world-class Islamic finance solutions to our clients.”

Deutsche Bank is deeply committed to the development of the Islamic finance industry and is broadly recognised as a world-class provider of Islamic financial solutions, the statement said.

The bank has also won "IPO Deal of the Year” award for the Felda Global Ventures $3.4 billion IPO and “Qatar Deal of the Year” award for its role in the State of Qatar $4 billion dual tranche sukuk. – TradeArabia News Service