Another FNB 1st

FNB Islamic Banking was recently nominated as the ‘Best Islamic Banking Window 2017’ by the Awards Committee of the 7th Global Islamic Finance Awards (GIFA).

GIFA is an annual awards ceremony held to celebrate institutions and individuals who have made a significant impact in driving thought-leadership and the implementation of world class initiatives in the Islamic banking and the finance industry. The Awards are open to all banks and financial institutions internationally and are considered to be one of the most prestigious in the world of Islamic banking and finance. This year, the Awards ceremony will be held in Astana, Kazakhstan during September. The event is expected to be attended by senior delegates and Heads of State, such as H.E. Ismail Omar Guelleh, President of the Republic of Djibouti and H.E. Nursultan Nazarbayev, President of the Republic of Kazakhstan, among others.

FNB Islamic Banking’s nomination alone is testament to the lengths to which FNB has gone to create industry-leading Islamic banking solutions. “As a bank, we have positioned ourselves as a leading innovator in the financial and banking sector, with a focus on using cutting-edge Islamic solutions to remove the angst in both commercial and retail banking. This nomination attests to the amount of work that has been done in creating Islamic banking products that speak to market needs,” says Amman Muhammad, CEO of FNB Islamic Banking.

Besides evaluating the Islamic Banking Window’s overall commitment to Shari’ah compliance and social responsibility, the Awards Committee also considered the general innovation in products and services; the quality and quantity of products and services offered; the overall geographical reach of the products and services, and moreover, if the products and services met the standards and best practices of the global Islamic financial services industry.

The accolade attests to the growing stature of Islamic finance in Southern Africa and the broader African continent. “Since FNB became the first commercial bank in South Africa to offer Islamic banking services, we have grown significantly and have created market-leading lending, savings and investments and insurance alternatives that are compliant with Shari’ah principles. Our products and services have communicated the banks’ ability to create solutions aimed at assisting our clients to make banking seamless. The award is in many ways an expression that we have impacted on the market positively”, concludes Muhammed.

This latest acknowledgment for FNB Islamic Banking follows other such awards and accolades, including one recently presented by Banker Africa, which saw it recognised as having the ‘Best Islamic Banking Offering’ at the annual Southern African Banking Awards 2016.

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