QInvest, a leading investment bank in Qatar, has won the ‘Best Sukuk Structuring House in the Middle East’ award at a summit in London.

 

The awards, which was part of the London Sukuk Summit 2014 held at the Jumeirah Carlton Towers, recognises individuals, institutions and financial centres for their outstanding contributions and achievements in further developing the global Islamic finance industry, in particular in the global sukuk market.

 

Tamim Hamad Al-Kawari, chief executive officer, said: “QInvest is proud to be at the forefront of Islamic finance and we are delighted to have our work recognised at such a prestigious event. This award is testament to our hard work and ability to provide effective solutions to our clients for their financing needs. We have an incredibly strong structuring capability and we will continue to be a key player in this area around the world. ”

 

QInvest’s head of Debt Capital Markets, Hani Ibrahim discussed secondary market trading and liquidity in the Islamic finance industry at the summit.

 

“The global Sukuk market continues to grow with strength - the total value of sukuk issuance over a 20-year period up to 2010 was just over $200 billion, while the value of sukuk issuance in the last three years alone has exceeded $330 billion. As the sukuk market moves towards being a more mature market, the industry needs to develop ways of stimulating greater secondary market activity, which we believe is for the benefit of both the issuer and investor communities,” he said.

 

The summit was aimed at addressing the latest developments and innovation in the sukuk industry and gathered key players and stakeholders including the Rt Hon Baroness Warsi, Senior Minister of State at the Foreign and Commonwealth Office and Co-Chair of the UK Government Islamic Finance Task Force. - TradeArabia News Service