DIB’s Dar Al Shariah Named Best Advisory Firm

Staff Report
Filed on March 30, 2010

DUBAI — Dar Al Shariah Legal and Financial Consultancy, a subsidiary of Dubai Islamic Bank, has been named the “Best Shariah Advisory Firm” at the recent Islamic Finance News Awards.

Dar Al Shariah has evolved from Dubai Islamic Bank’s own Shariah Coordination Department, the first ever experiment carried out by an Islamic bank.

“Although Dar Al Shariah just completed its first full operational year in 2009, the recognition it has received to date highlights the depth of expertise we offer in providing world-class and authentic Shariah guidance to our clients,” said Dar Al Shariah Chief Executive Officer Sohail Zubairi.

In the same ceremony, the bank received four awards in total, including the coveted “Best Islamic Bank in the UAE” award, “Syndicated Deal of the Year” and “Wakalah Deal of the Year.” It is one of the most prestigious awards forum and highly recognised by the global Islamic capital markets.

“On behalf of Dar Al Shariah, I would like to dedicate this award to Dr. Hussain Hamed Hassan, the chairman of the bank’s Shariah Board and a prominent Shariah scholar, in recognition of his lifelong services to the cause of Islamic finance and for providing valuable guidance to the Dar Al Shariah team,” Zubairi said.

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