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31 January 2016

Dar Al Sharia lauded in 2015 for its unmatched financial and legal consultancy services

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Dar Al Sharia dedicates the awards to Dubai Islamic Bank’s leadership for their continuous support

Dar Al Sharia, Dubai Islamic Bank’s fully owned subsidiary, once again cements its position as the leading provider of Islamic finance advisory and consultancy services across multiple jurisdictions and regulations. Over the past year, the subsidiary has been recognised for its stellar performance. Being the pioneer behind the concept of Islamic banking, DIB established Dar Al Sharia in 2007 as part of its long-term vision to extend the reach of Islamic financial services to a wider customer base while remaining at the forefront of the fast-paced growth experienced in the industry globally.

Dar Al Sharia continued its unbeaten winning streak during 2015 whereby it received a total of five accolades from prestigious platforms, highly regarded by industry experts and peers. By offering unique and cost-effective solutions to customers, Dar Al Sharia stands today as a leader not only in the UAE and the GCC, but also across the globe, representing a one-stop solution centre for the growing and evolving needs of the Islamic finance industry.

Owing to its continuous commitment to excellence since its inception, Dar Al Sharia has collected 24 international awards in recognition for its innovative services. These include Sharia structuring and documentation for product development, Islamic capital market advisory (Sukuk), Takaful advisory, asset management advisory (Funds), Syndication, screening of stocks and establishment of Islamic indexes, Islamic banking and finance legislation for countries  seeking to roll out Islamic finance, conversion of conventional banks into Islamic banks, external Sharia audit, governance and compliance, development and delivery of Sharia training courses, Sharia compatibility check for IT solutions, establishment of Sharia boards and certification of products and transactions.       

Dar Al Sharia has received a series of coveted awards during 2015, having acquired the status of one of the most trusted institutions globally. These accolades include “Best Islamic Finance Consultancy Firm 2015” by Aafaq; “Best Islamic Finance Consultancy Firm 2015” and “Best Sharia Advisory Firm 2015” by the Islamic Finance News (IFN) Awards for the fifth consecutive year; “Best Islamic Finance Consultancy Firm 2015” by the Global Islamic Finance Awards; and “Best Sharia Advisory Service 2015” by the Islamic Business and Finance Awards.