International Islamic Trade Finance Corporation Awards
International Islamic Trade Finance Corporation Awards
ITFC Trade Finance Deal of the Year
The ITFC Trade Finance Deal of the Year honors the most outstanding Shariah compliant trade finance deal involving ITFC’s trade finance clients including corporates and partner financial institutions.
Methodology
Firms are invited to participate in the nomination process which will be reviewed by an independent external judging panel made up of impartial industry experts, both from within the IsDB Group and the industry.
Winners will be selected based on their collective industry experience and initiatives over the last year. Consideration is given to visibility, range of activity and complexity of work undertaken; nonetheless, equal consideration is given to all achievements based on a relative scale and no entity is at a disadvantage due to size or location.
A shortlist will first be drawn up by the Awards Advisory Board. Any queries by the Awards Advisory Board regarding any of the nominations will be reviewed and fact-checked by an independent judging panel employing multiple methods including direct communication (where possible) with the participants/issuers in the stated lead transactions of each nomination. The reviewed shortlist will then be further deliberated by the board to determine the final winner.
Submission Guidelines
- Only ITFC’s trade finance clients are eligible to submit.
- Every entity may only submit a single deal
- Only deals executed from the 1st April 2023 and concluded by the 31st March 2024 are eligible for consideration; submission of deals with expected closure dates will not be accepted
- Submission for each category must be no more than two pages in length, in bullet form, and in Microsoft Excel, Word or PDF format
- State clearly at the top of the deal page which categories that particular deal is being nominated for; if it is not clearly stated, it will not be considered
- For any information pertaining to the deal that you do not wish to be published (results report) please highlight as ‘CONFIDENTIAL’; however, please take note that the following will be made public:
- Issuer name
- Instrument type and structure
- Arrangers
- Legal counsels
- Deal’s country of origination
- Submission Deadline: 7th April 2024
- All submissions should be emailed exclusively to: [email protected]
- Results will be announced on the 11th April 2024
Submissions criteria to include the following (where applicable): Instrument, Issuer, Issuer principal activities, Issue size & Pricing, Date, Issuances, Bookrunner, Arrangers, Legal counsel for issuer, Legal counsel for arrangers, Shariah advisor, Guarantor, Trustee, Shariah advisor, Method of issue, Purpose of issue, Rating, Roadshows, Subscription, Investors and a short brief on why this deal is being nominated.
Make sure that your brief tells the story of why the deal is important. Uniqueness and innovation are not the only factors, but they help to distinguish deals.
The decision of the IsDB Awards Board is final. A short brief will be published for each award justifying the board’s decision. All criteria of the submitted deals will be considered.
IMPORTANT TO NOTE
Awards will only be given for categories with a minimum of three qualified submissions.
Outstanding Contribution to Intra-OIC Trade Development
Open to all institutions from the private sector or companies engaged in private sector development, this award recognizes one firm with the most significant and impactful contribution to intra-OIC trade development for the year 2023/2024.
Methodology
Firms are invited to participate in the nomination process which will be reviewed by an independent external judging panel made up of impartial industry experts, both from within the IsDB Group and the industry.
Winners will be selected based on their collective industry experience and initiatives over the last year. Consideration is given to visibility, range of activity and complexity of work undertaken; nonetheless, equal consideration is given to all achievements based on a relative scale and no entity is at a disadvantage due to size or location.
A shortlist will first be drawn up by the Awards Advisory Board. Any queries by the Awards Advisory Board regarding any of the nominations will be reviewed and fact-checked by an independent judging panel employing multiple methods including direct communication (where possible) with the participants/issuers in the stated lead transactions of each nomination. The reviewed shortlist will then be further deliberated by the board to determine the final winner.
Submission Guidelines
- To be considered, nominations must, at the very least, have the mandatory fields completed — it is the responsibility of the nominee to ensure forms are completed with sufficient information.
- A category will only be valid if a minimum of three nominations are received.
- Submission must be no more than two pages in length, in bullet form, and in Microsoft Excel, Word or PDF format
- State clearly at the top of the deal page which categories that particular deal is being nominated for; if it is not clearly stated, it will not be considered
- For any information pertaining to the deal that you do not wish to be published (results report) please highlight as ‘CONFIDENTIAL’.
Each submission must contain:
- Firm name, address
- Contact name, designation, telephone number and email address
- Date of submission
- Category being nominated (new form is to be completed for each category)
- Head of the department
- List of notable transactions in this category during the 12-month period from the 1st April 2023 to the 31st March 2024
- Nominators have to justify the significance and uniqueness of the transactions chosen for this category (max 500 words)
- Summary of the activities for the past 12 months (1st April 2023 – 31st March 2024) in this category (max 500 words), and
- Any further information you feel may assist in your case (max 200 words).
IMPORTANT TO NOTE
Awards will only be given for categories with a minimum of three qualified submissions.