Al Hilal Bank was awarded the title of “The Safest Islamic Financial Institution in the Gulf Cooperation Council” for the second year in a row based on an exclusive survey published in the November 2017 issue of the prestigious Global Finance publication. Alex Coelho, CEO of Al Hilal Bank, attended the Global Finance’s Best Bank Awards Ceremony and 30th Anniversary Celebration as part of the World Bank/International Monetary Fund (IMF) Annual Meetings, held at the IMF headquarters in Washington DC, USA.
Through an evaluation of long-term foreign currency ratings from Fitch, Moody’s and S&P, Al Hilal Bank also received an honourable mention by Global Finance in the 26th annual Safest Bank Awards 2017 rankings; ranking the bank 6th in the “Safest Banks in the Middle East” category and 18th in the “Safest Emerging Market Banks Globally” for their seamless operations, innovative banking solutions and fast-growing national and global presence compared to more than a thousand of the largest banks in the world.
On the importance of Shariah-compliant banking in global finance, Global Finance Publisher and Editorial Director Joseph D. Giarraputo praised the success of Al Hilal Bank’s leading efforts in the Islamic Banking sector, saying: “Providing Shariah-compliant products and services that compare to international offerings is a challenge that Al Hilal Bank has exceedingly performed on; earning their title as the Safest Islamic Financial Institution in the Gulf Cooperation Council” for the second year in a row.”
Receiving the award; Alex Coelho, CEO of Al Hilal Bank, stated: “We are honoured to receive these prestigious awards and to be recognized by Global Finance as the Safest Islamic Bank in the GCC for the second year running. These awards are a testimony to the strength of Islamic Finance in the banking industry on a national as well as a global level. We also thank our clients for their support and for the confidence they have placed in our bank.”
Founded in 1987, Global Finance has a circulation of over 50,000 readers in around 180 countries; spanning senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions, entrepreneurs and the common public. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
