QInvest named best sukuk structuring house in Middle East at London Summit

June 30, 2014 - 11:14:25 am
Hani Ibrahim (right), Head of Debt Capital Markets, QInvest, receiving the award.

DOHA: QInvest, Qatar’s leading investment bank, was presented with the “Best Sukuk Structuring House in the Middle East” award at the London Sukuk Summit 2014.

The award was received by Hani Ibrahim, QInvest’s Head of Debt Capital Markets, at the summit’s gala dinner and awards ceremony held in London. The awards, which are now in their eighth year, recognise individuals, institutions and financial centres for their outstanding contributions and achievements in further developing the global Islamic finance industry, in particular in the global sukuk market.

Tamim Hamad Al Kawari, QInvest’s Chief Executive Officer, said: “QInvest is proud to be at the forefront of Islamic finance and we are delighted to have our work recognised at such a prestigious event. This award is testament to our hard work and ability to provide effective solutions to our clients for their financing needs. We have an incredibly strong structuring capability and we will continue to be a key player in this area around the world.”

Hani Ibrahim also gave a keynote speech at the Summit, where he discussed secondary market trading and liquidity in the Islamic finance industry.

Hani Ibrahim said:“The global sukuk market continues to grow with strength — the total value of sukuk issuance over a 20-year period up to 2010 was just over $200bn, whilst the value of sukuk issuance in the last three years alone has exceeded $330bn. As the sukuk market moves towards being a more mature market, the industry needs to develop ways of stimulating greater secondary market activity, which we believe is for the benefit of both the issuer and investor communities.”

The Annual London Sukuk Summit is aimed at addressing the latest developments and innovation in the sukuk industry and gathers key players and stakeholders .

In 2013, QInvest advised on $3.5bn worth of sukuk transactions, 20 percent of total global  US dollar sukuk issuance.

The bank has followed this up by acting as a bookrunner on sukuk transactions this year for Saudi Arabia-based developer

Dar Al-Arkan ($400m) and Turkish bank Turkiye Finans ($500m).

The Peninsula

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