Absa Islamic banking is voted the best

Absa Islamic Banking was awarded Best Islamic Bank in South Africa for the fourth successive year at a prestigious ceremony in Dubai. This award is based on the votes of readers of Islamic Finance News globally.

Afzal Seedat, Head of Absa Islamic Banking, said: “We are delighted to have been recognised as the leading brand in Islamic banking and finance in South Africa. This is a vote of confidence from our customers, stakeholders and industry peers globally. The award provides us with the impetus to become the ‘Go-To’ bank in shari’ah compliant finance for our customers. The business has become entrenched in the South African market and we are proud that we continue to be known as a globally competitive player.”

Islamic Finance News is the key reference medium for those involved in the Islamic finance industry across the globe including Australia, Syria, the UK, Lebanon, Iran, Kenya and, of course, the Middle East.

The annual awards have been presented for the past eight years. There were 160 nominees in 36 categories, illustrating the growing size and reach of the Islamic banking and finance industry.

In the individual country Best Islamic Bank categories, the award winners were all established Islamic financial institutions, with repeat winners from 2011 including Muslim Community Co-operative Australia, Qatar Islamic Bank, Abu Dhabi Islamic Bank, Syrian International Islamic Bank and Absa Islamic Banking.

Absa Islamic Banking has been recognised as a cut above the rest in the categories Best Islamic Finance Deal for South Africa and Best Islamic Bank in Africa since the launch of the awards in 2006.

The awards won by Absa Islamic Banking since 2006 are: Best Islamic Finance Deal for South Africa, 2007 and 2008: Best Islamic Bank in Africa, 2009, 2010, 2011 and 2012: Best Islamic Bank in South Africa.