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IFN Law Awards 2022

Awards Report 2021

As the COVID-19 pandemic drags on, the collective hope of returning to normalcy has morphed into an acceptance (resignation, almost) of embracing a new normal, whatever that new normal may look like.

COVID-19 has fundamentally changed our social fabric in ways we never imagined, and the effects would likely reverberate for years to come. Compounding the debilitating impact of this global health crisis are ongoing geopolitical crises which have led to staggering inflation and financial market volatility.

Times are tough — this is not an understatement. And it is precisely for this reason that this series of accolades are so significant. Because every win is a show of triumph during truly challenging times — let it be deal-structuring innovation, product development ingenuity or delivery agility. Each winner rose to the occasion to best meet client needs, to support government efforts in cushioning the impact of COVID-19 and also to further the use of Islamic finance as a development tool.

The Islamic finance industry is adjusting to changing times and its agility and resilience are paying off. In 2021, Shariah compliant financing sustained double-digit growth rates, recording a cumulative annual growth rate of 10.5% over 2020–21, when conventional loans retracted 4%, according to Moody’s Investors Service. Assets under management of Islamic funds hit a record-high and Moody’s expects growth prospects for Takaful to be promising. Sukuk deals have moderated as a result of higher energy prices, yet we have seen impressive Sukuk deals, particularly within the ESG space.

The growth and perseverance of the Islamic finance community — from bankers to asset managers to lawyers and insurers as well as scholars and other finance professionals — are reflected in the results of the prestigious IFN Awards.

Our heartiest congratulations to all winners! We thank you for your invaluable contributions to the Islamic finance industry.

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Content in Awards Report 2021

Bank Nizwa

Wednesday, 29 Jun 2022 | Awards Report 2021

Chapter

EnerTech successfully structures quasi-equity instrument to finance PPP water project

Wednesday, 29 Jun 2022 | Awards Report 2021

Chapter

Cellco’s Sukuk Ijarah: A high-profile corporate issuance backed by strong cash flow visibility

Wednesday, 29 Jun 2022 | Awards Report 2021

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Hassan Radhi & Associates

Wednesday, 29 Jun 2022 | Awards Report 2021

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Light at the end of the tunnel?

Wednesday, 29 Jun 2022 | Awards Report 2021

Editor`s Note

World’s first US dollar-denominated sovereign sustainability Sukuk: A landmark Malaysian issuance

Monday, 11 Apr 2022 | Awards Report 2021

Case Study

IFN Overall Deal of the Year 2021 announced

Tuesday, 25 Jan 2022 | Awards Report 2021

Cover Story

IFN Deals of the Year 2021

Tuesday, 18 Jan 2022 | Awards Report 2021

Cover Story

IFN Best Banks Poll 2021: Another year older, another year wiser…

Tuesday, 11 Jan 2022 | Awards Report 2021

Cover Story

IFN Non-Banking Financial Institutions Poll 2021: Another year, another celebration

Tuesday, 16 Nov 2021 | Awards Report 2021

Cover Story

Turkiye Emlak’s green Sukuk: A first for Turkey

Tuesday, 16 Nov 2021 | Awards Report 2021

Case Study

IFN Service Providers Poll 2021: A recovery in process

Tuesday, 12 Oct 2021 | Awards Report 2021

Cover Story

IFN Law Awards 2021: Results

Tuesday, 28 Sep 2021 | Awards Report 2021

Cover Story

Kuveyt Turk’s Sukuk: Landmark sustainability issuance

Tuesday, 28 Sep 2021 | Awards Report 2021

Case Study

SME Bank’s Sukuk: Meeting demand for ethical products

Tuesday, 27 Jul 2021 | Awards Report 2021

Case Study

Kuwait Finance House’s Sukuk: Issuance of note

Tuesday, 06 Jul 2021 | Awards Report 2021

Case Study

Saudi Aramco’s Sukuk: A global milestone

Tuesday, 22 Jun 2021 | Awards Report 2021

Case Study

nogaholding’s Sukuk: An enhanced issuance

Tuesday, 27 Apr 2021 | Awards Report 2021

Case Study

IsDB’s sustainability Sukuk: The bank’s largest Sukuk to date

Tuesday, 06 Apr 2021 | Awards Report 2021

Case Study

Takaful Oman’s Sukuk: Supporting growth plans

Tuesday, 09 Feb 2021 | Awards Report 2021

Case Study