• QInvest assisted the Grand Duchy of Luxembourg with raising a €200 million five-year Sukuk in its debut Euro-denominated Islamic issuance
QInvest, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions in the world, is pleased to announce it was presented with the Islamic Finance News (IFN) “Deal of the Year” Award, for its role in assisting the Grand Duchy of Luxembourg with its debut Euro-denominated Islamic issuance, helping it to raise its first €200 million five-year Sukuk.
QInvest’s Head of Debt Capital Markets, Hani Ibrahim, collected the award on behalf of the Bank during the IFN Awards Ceremony and Gala Dinner, which took place last week at the Ritz-Carlton, Dubai International Financial Centre (DIFC). Established in 2006, the IFN Deal of the Year Award recognises the industry’s most ground-breaking transactions each year.
Commenting on the award, Hani Ibrahim said:
“We are delighted to have won the IFN Deal of the Year Award which is testament to QInvest’s unique offering and expertise in Sukuk advisory. In 2014 alone we completed Sukuk transactions with an aggregate value of US$3.5 billion, representing in the region of 20% of the international Sukuk market. Looking into 2015, QInvest has a strong pipeline of deal flow which will see us continuing to work very closely with corporates, financial institutions and sovereigns.”
Recognized as one of the most coveted and prestigious distinctions in the Islamic finance industry, the IFN Awards has for 10 years honored the industry’s crème de la crème who excelled in their particular field with unusual finesse; and this year was no exception. Rewarding market-leading practitioners’ exceptional performance in 2014 as decided by the illustrious IFN Deals of the Year (DOTY) and IFN Best Banks, IFN Service Providers and IFN Law Awards series, the IFN Awards 2014 ceremony gathered over 400 industry movers and shakers at Ritz Carlton DIFC, Dubai last week for an evening of global recognition and validation.
The Debt Capital Markets team at QInvest acted on numerous Sukuk transactions in 2014 including for Goldman Sachs, the governments of Hong Kong and Luxembourg, Kuveyt Turk, Dar Al Arkan, Turkiye Finans and Al Baraka Turk. In 2015 thus far, QInvest is already working on and is acting as lead manager and bookrunner on a number of debut Sukuk issuances.