GFH wins Islamic investment bank award
Manama, February 16, 2013
Bahrain-based Gulf Finance House (GFH), the parent company of Leeds United Football Club owners GFH Capital, said it has been named the ‘Best Islamic Investment Bank’ for 2012 at the prestigious CFI.co Awards.
A London-based print journal, Capital Finance International’s Award programmes identify and applaud individuals and organisations that add true value with their operations in niche areas.
Initial nominations are based on input from readers, subscribers and visitors to CFI.co with a judging committee selecting the winners.
GFH said it won recognition for its steadfast approach to investing primarily in high quality infrastructure and private equity projects that help provide sustainable growth opportunities in the region.
An innovative approach to Islamic financial structures and recent recognised restructuring activities for the bank and its projects that benefit all stakeholders have placed GFH as a leading example of modern Islamic finance.
Following on from the global financial crisis and bank restructuring, GFH welcomed the successes of 2012, in which it demonstrated resilience and the ability to thrive in all climates, diversity and the scope to compete on the world stage.
It returned to profitability and success along with moving to new innovative areas of investment including its subsidiary GFH Capital’s acquisition of Leeds United Football Club.
Hisham Alrayes, the acting CEO said: "We at GFH are proud that the Bank has been recognised and awarded the ‘Best Islamic Bank in Bahrain’ by Capital Finance International. Receiving this award is a testament of GFH’s commitment to formulate and operate in niche and profitable areas."
"Over the years we have earned a formidable reputation for securing innovative investment opportunities that reward investors with excellent returns, in recent years we have excelled in restructuring activities and reigniting the business and we are proud to receive this award in recognition," he stated.
“We always continue to identify and create investment opportunities that balance risk with reward with an aim to provide unique Islamic investment banking offerings to our investors and shareholders,” he added.-TradeArabia News Service