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Demonstrating its strong focus on product innovation, QInvest and joint venture partner ABN AMRO, (previously Fortis Bank Nederland), won the ‘Shariah Fund of the Year’ award by successfully closing the $75m financing for the first ever Shariah-compliant Mezzanine Shipping Fund, a release by the QInvest said.
“The award expresses our commitment to contributing to the development of the Islamic financial services industry by offering innovative Sharia’a compliant investment solutions to our investors in the GCC region,” said QInvest’s CEO Shahzad Shahbaz.
Faiz Nassim, Head of Financial Institutions and Structured Finance, said: “QInvest is honoured to be awarded ‘the Shariah Fund of the Year’ award.”
qnaDoha: QInvest, Qatar’s leading investment bank, has won the prestigious ‘Shariah Fund of the Year’ award at the Global Investor Future of Capital Markets forum in Dubai.