Friday, February 29, 2008

GBCORP named best Islamic investment bank

DUBAI: Bahrain's Global Banking Corporation (GBCORP) was named as the Best New Islamic Investment Bank at an awards ceremony held in Dubai.

GBCORP was selected as the winner by Islamic Finance News, a Malaysia-based weekly publication that focuses on Sharia-compliant financial markets.

Investors, issuers and government officials were polled and 1,316 votes were cast in this year's poll, providing an unbiased guide to the leaders in the field of Islamic finance. The annual dinner was held in Dubai and honoured the winners and over 300 guests attended the event including senior industry leaders.

"GBCORP has begun the New Year on a winning note and we at the bank are delighted to have won an award during our first six months of operation," said chief executive Mark Hanson.

"The award is an honour that complements our drive for a new era of global Islamic banking. We look forward to achieving more successes such as this in the future."

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