The award was received on behalf of the bank by Mustafa al Lawati, head of investment banking, project finance and syndications at Alizz Islamic Bank, according to a press release.
The value of sovereign sukuk, or Islamic bonds, issued outside the Middle East and Southeast Asia by non-Muslim countries reached $2.25 billion in the 11 months through November
The Arab Best Awards was launched in 2016 to recognise and celebrate excellence in leadership, business, community and sports in the Arab world.
The report studied key trends across five indicators used to measure the development of the $2.2 trillion Islamic finance industry which are: Quantitative Development, Knowledge, Governance, Corporate Social Responsibility and Awareness.
The awards were received by Mohammed Halabi, Chief Executive Officer of Al Baraka Bank Syria at the awards ceremony which was held on December 12, 2017 in Dubai.
The first part of the event focused on the local, regional, and global use of financial technology, known more commonly in the industry as fintech.
The 31st meeting of the IFSB Council, hosted by the Central Bank of the Islamic Republic of Iran and Bank Negara Malaysia, was held on Dec 11 2017 in Kuala Lumpur, Malaysia.