The winner of the Islamic Banker of the Year 2007 will be announced on Sunday at the World Islamic Banking Conference (WIBC) in Bahrain.It is one of the global Islamic banking and finance industry’s oldest and most prestigious awards.
The award, which recognises the industry’s most outstanding achievements, will be handed out at a gala dinner and awards ceremony hosted by JP Morgan during the 14th Annual WIBC at the Gulf Hotel.
“For more than a decade, the Islamic Banker of the Year Award has recognised ground-breaking achievements by the executive leaders of the international Islamic industry,” WIBC managing director David McLean said.
“The award has achieved a greater significance in the current climate, with the industry surging into its next phase of development.”
The award is traditionally given to an established Islamic banker who has made notable contributions to the Islamic services industry during the year.
Key selection criteria will include strategy, innovation and leadership as in spearheading the launch of institutions or re-positioning landmark institutions or launching new products or services or driving substantial wholesale Islamic transactions and international involvement and complexity.
“The Islamic Banker of the Year Award is one of the most prestigious awards in Islamic finance. It recognises the outstanding efforts of a truly exceptional individual who has helped develop our industry,” Ernst and Young’s Islamic Financial Services Group head Sameer Abdi said.
The award is supported by the Central Bank of Bahrain and uses a peer-based voting system amongst a select group of industry leaders.
Ernst & Young, the official auditors for the event, applies a series of criteria developed in collaboration with the WIBC to ascertain the final winner.
Additionally two prestigious awards, The Institutional Excellence Award and The Industry Leadership Award will also be presented at the WIBC.