Dubai International Financial Centre Wins Distinction in 'Money and Finance' Category at Islamic Economy Award 2015Press Release05 Oct 2015 10:26 pm
Dubai-UAE: 05 October, 2015 - Dubai International Financial Centre Investments (DIFCI), the investment arm of Dubai International Financial Centre, was today recognised in the 'Money and Finance' category at the Islamic Economy Award 2015.
Held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the annual award honours outstanding sharia-compliant business initiatives and ideas that also contribute to the social and economic welfare of the Muslim population.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum presented the award in person to His Excellency Essa Kazim, Governor of Dubai International Financial Centre, in recognition of the DIFCI's successful closure of a US$700 million sukuk last year.
Issued on November 12, 2014 with a tenor of 10 years, the sukuk was oversubscribed 4.3 times, closing with an order book of approximately US$3 billion.
His Excellency Essa Kazim, Governor, DIFC, said: "This award reflects the growing investor confidence in Dubai as a centre for Islamic finance and vindicates the long-term vision of the UAE's Rulers."
Now in its third year, the Islamic Economy Awards ceremony was hosted during the opening session of the Global Islamic Economy Summit (GIES) 2015.
The summit welcomes more than 2,000 policymakers and business leaders from across the Islamic world to debate on critical issues impacting the Islamic economy.