Mashreq Al Islami, the Islamic banking division of Mashreq was named the Best Islamic Window for the third time at the recent Banker Middle East Islamic Business & Finance Awards 2013.

Mashreq Al Islami previously won this award in 2010 and 2011.

The Islamic Business & Finance Awards were established in 2005. The aim of the process is to recognize the best performing institutions in a variety of regions where Islamic finance is either already developed or is rapidly expanding. The event attracts nominations and submissions from Europe, Americas, Africa, Middle East and Asia.

A panel of judges has nominated institutions across 40 categories based on their industry expertise. Winners were chosen based on the institutions' overall performance, innovations, improvements and growth over the last 12 months.

“We feel overwhelmed to win the Best Islamic Window award for 2013; this is the recognition of the significant leap we have taken in enhancing our Islamic Banking Proposition this year, which includes the launch of an Ujrah based Islamic Credit Card, launch of Gold (Premium Banking) Proposition and Business Banking Proposition, Takaful Solutions via region’s leading provider and award winning in-house Islamic Wealth Management solutions among many other proposition enhancements,” said Tooran Asif, head of Personal Banking at Mashreq.

“We have also launched an advanced online banking and mobile banking platform for our customers, which is unmatched amongst the competition.  Islamic Banking is an area of growth for us and we feel very much geared up and equipped to take this forward now.”

Since the rebranding in March 2010, Mashreq Al Islami has focused on offering a full suite of Sharia’h Compliant products and services, with a host of new products launched for both retail and corporate customers. – TradeArabia News Service