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News Article

17 August 2009

ADCB captures Most Innovative Islamic Finance Deals Award

Finance Deals Award’ at The Asset Triple A Islamic Finance Awards 2009 for its role as Joint Lead Manager and Bookrunner of the Aldar Properties AED 3.75bn 5 Year Sukuk Al Ijarah issued in June 2008. The Asset is a pre-eminent asset management industry magazine based in Hong Kong serving Asian corporates and investors covering the region.

Receiving the award, Arul Kandasamy, Head- Investment Banking Group, said “We at ADCB are very proud to receive this prestigious award for our key role in the Aldar Sukuk, which represents a major milestone in the roll-out of our investment banking and Islamic finance efforts. The deal was very well received by the market and has become a benchmark against which the success of other deals are measured.”

The Asset’s annual Triple A honors are prestigious due to a rigorous assessment and review process. The awards recognize institutions and individuals that have made a significant contribution to the development of the Islamic finance industry.

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