Muscat | 14 April 2019: Maisarah Islamic Banking received ‘Best Deal of the Year Award’ from Islamic Finance News (IFN) for the Oman Deal of the Year 2018.
The award presented to Maisarah in recognition of its contribution setting up USD 137 million sukuk for Tilal Development Company SAOC. Maisarah acted as the Joint Lead Manager for the issuance of Sukuk Ijarah where a real estate asset owned by Tilal was used as the underlying asset. The Sukuk has gained interest from investors mainly from the GCC countries. The sukuk is listed on the Irish Stock Exchange.
The Islamic Finance News Awards is well recognized in the Islamic financial industry. It is considered one of the coveted awards by the global Islamic capital markets. A number of transactions were nominated for the 2018 IFN Deal of the year, winners were selected on the basis of comprehensive selection criteria including structure, location, and deal size amongst other.
Commenting on this recognition, Ismail Jama Ishaq - Chief Operating Officer of Maisarah “We are very proud to have received this distinguished award. The award is a testament to the combined efforts that has been put into this landmark transaction. Our aim has been always to provide the best financial solutions for our clients”.
“This award showcase our commitments towards enhancing the Islamic Capital market in Oman. We are committed to produce more opportunities to the Institutions and Investors in Oman to tap various funding and investment avenues” said Mohsin Shaik Sehu Mohamed, Senior Executive Manager - Investment banking & Capital markets of Maisarah.
Maisarah is one of the fastest growing Islamic banking windows in the Sultanate with range of financial products and services. As a part of its strategy it operates as independent Islamic banking window and has maintained high standards of corporate governance, research and development, corporate social responsibility and customer service that have helped in winning various awards in local and international markets.
As part of its future growth plan, Maisarah plans to distinguish itself by focusing on providing outstanding customer service, developing and launching new products, investing in technology to provide the best customer experience in timely and convenient manner.
Maisarah is committed to leading the Islamic banking sector by investing in resources, sharing expertise and following best international practices in the market. Its products and services set the standard for best Islamic financial solutions and it is committed to lead with creativity and innovation to provide the best customer experience.