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A Bahrain-based bank has won a major Islamic investment award in recognition of its "international leadership".
The World Islamic Funds & Capital Markets Conference (WIFCMC) Funds Excellence Award 2009 was received by Ithmaar Bank group business development managing director Shaikh Salman Al Khalifa at a gala dinner ceremony.
Hosted in collaboration with the Central Bank of Bahrain (CBB) and Ernst & Young, the awards are the most prestigious in the industry and were, this year, presented by CBB executive director of financial institutions supervision, Abdul Rahman Mohammed Al Baker.
The award was presented to the bank in recognition of its outstanding contributions and achievements in the development of the Sharia-compliant funds industry through significant achievements and initiatives.
According to organisers, more than 400 international delegates attended the 5th Annual World Islamic Funds and Capital Markets Conference.
A second award, the WIFCMC Capital Markets Excellence Award 2009, was presented to HSBC Amanah.
