Global Islamic Finance Awards

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Global Islamic Finance Awards (also known as "GIFA") are one of the most prestigious awards in Islamic banking and finance. Other prestigious awards are Islamic Development Bank Prize in Islamic Banking and Finance (also known as "IDB Prize") and The Royal Award For Islamic Finance, founded by the government of Malaysia. GIFA was founded by Professor Humayon Dar,[1] who has also founded a number of initiatives in Islamic banking and finance, including Global Islamic Finance Report,[2] Islamic Finance Review (ISFIRE),[3] and an online blog for Islamic economics and finance called Islamic Economist.[4]

Since the inception of GIFA in 2011, it has announced five GIFA Laureates (the recipients of the prestigious Global Islamic Finance Leadership Awards), including:

  1. HE Tun Abdullah Badawi, Former Prime Minister of Malaysia - 2011
  2. HRH Sultan Nazrin Shah of the Malaysian State of Perak - 2012
  3. HE Shaukat Aziz, Former Prime Minister of Pakistan - 2013
  4. HE Nursultan Nazarbayev, President of the Republic of Kazakhstan
  5. HRH Muhammadu Sanusi II, Emir of Kano, Nigeria

His Excellency Joko Widodo, President of the Republic of Indonesia, has been announced as the 6th GIFA Laureate to receive Global Islamic Finance Leadership Award 2016 at Jakarta, Indonesia, on September 29, 2016.

Other Award Winners are given in the Table below:

Award Categories 2011 2012 2013 2014 2015
Top Awards
Global Islamic Finance Leadership Award (Individual Category) Tun Abdullah bin Haji Ahmad Badawi, Former Prime Minister of Malaysia Sultan Nazrin Shah ibni Sultan Azlan Muhibbuddin Shah, Sultan of Perak Mr Shaukat Aziz, Former Prime Minister of Pakistan Mr Nursultan Nazarbayev, President of Kazakhstan HRH Muhammadu Sanusi II, Emir of Kano, Nigeria
Global Islamic Finance Leadership Award (Insitutional Category) ____ ____ ____ ____ Islamic Development Bank
Global Islamic Finance Leadership Award (Country Category) —— —— —— Malaysia Not Awarded
Prestigious Awards
Islamic Finance Personality of the Year Award —- Sohail Jaffer Deputy CEO of FWU Group Hasan Al Jabri, CEO of SEDCO Capital Dr Jamil Jaroudi, CEO of Bank Nizwa Mr Khaled Al-Aboodi, CEO of ICD
Islamic Banker of the Year Award Badlisyah Abdul Ghani, CEO of CIMB Islamic Yuslam Fauzi, CEO of Bank Syariah Mandiri Datuk Sri Zukri Samat, CEO of Bank Islam Dr Adnan Chilwan, CEO of Dubai Islamic Bank Datuk Mustafha Hj Abd Razak, CEO of Bank Rakyat
Islamic Finance Advocacy Award ___ ___ Linar Yakupov, CEO of Tatarstan Investment Deevelopment Agency, the Russian Federation —— Khazanah Nasional
GIFA Special Award (Leadership Role) Mr Yasin Anwar, Governor of State Bank of Pakistan ___ Mr Sanusi Lamido Sanusi, Governor of Central Bank of Nigeria ___ Mr Yerlan A. Baidaulet, Advisor on Islamic Finance, Government of Kazakhstan
GIFA Special Award (Advocacy Role) ___ ___ ___ Dr Zambry Abdul Kadir, Chief Minister of Perak, Malaysia HE M. Ishaq Dar, Finance Minister of Pakistan
General Categories
Best Islamic Bank National Commercial Bank CIMB Islamic Dubai Islamic Bank Bank Rakyat Dubai Islamic Bank
Best Takaful Company FWU Global Takaful Solutions Etiqa Takaful FWU Global Takaful Solutions FWU Global Takaful Solutions Takaful Ikhlas
Best Islamic Fund —- CIMB Principal Islamic Asset Management (Ireland) plc F & C Sharia Sustainable Opportunities Fund NBAD Islamic MENA Growth Fund Amana Growth Fund
Best Islamic Fund Manager CIMB Principal Islamic Asset Management Sdn. Bhd. SEDCO Capital AmInvest AmInvest SEDCO Capital
Best Islamic Wealth Manager
Best Islamic Banking Window —- ADCB Islamic ADCB Islamic Bank Alfalah Islamic Bank Alfalah Islamic
Best Islamic Structured Products Platform Societe Generale CIMB Islamic Societe Generale —— ___
Best Islamic Finance Technology Provider Path Solutions International Turnkey Systems (ITS) International Turnkey Systems (ITS) Path Solutions Path Solutions
Best Islamic Finance Technology Product ETHIX by ITS ETHIX by ITS ---- —— ____
Best Islamic Finance Law Firm Agha & Shamsi/Agha & Co Zaid Ibrahim & Co (ZICO) ARSA Lawyers —— ____
Best Islamic Finance Consultancy KPMG KPMG ---- Al Maali Dar Al Sharia
Best Supporting Institution of the Year DDCAP DDCAP Finance Accreditattion Agency (FAA) DMCC Tradeflow IIFM
Shari'a Lawyer of the Year Award ____ ____ ____ ____ Kamran Sherwani, ABCD Islamic
Upcoming Personality in Islamic Finance Dr Asyraf Wajdi Dusuki Dr Wan Nursofiza Wan Azmi Moinuddin Malim —— ___
Upcoming Personality in Islamic Finance (Leadership Role) —— —— —— Amr Al Minhali Amman Muhammad
Upcoming Personality in Islamic Finance (Pioneering Role) —— —— —— Sulaiman Al Harthi ___
Upcoming Persociality in Islamic Finance (Product Development & Structuring Role) ____ ____ ____ ____ Mohammed Shaheed Khan, GIB
Best Sukuk Deal of the Year —- AJIL Cayman Sukuk – Gulf International Bank Axiata Group Berhad - CIMB Islamic Al Bayan Sukuk, Hong Leong Islamic Bank Al Baraka Bank Pakistan's Tier II Capital Mudaraba Sukuk
Islamic Social Responsibility Award —- Islamic Relief Worldwide SEDCO Capital Global Funds SEDCO Capital ___
Most Innovative Product —- Qibla Card – Al Hilal Bank Emirati Savings Millionaire Account - ADCB Islamic —— Arabesque Prime Fund
Best Islamic Rating Agency —- RAM Rating Services ---- MARC Moody’s
Best Islamic Microfinance Institution ---- ---- Amanah Ikhtiar Malaysia Amanah Ikhtiar Malaysia Amanah Ikhtiar Malaysia
Best Shari’a Compliant Commodity Facilitation Platform ____ ____ ____ DDCAP Group DDCAP Group
Best Islamic Savings Product ---- ---- National Bonds National Bonds National Bonds
Academic Awards
Best Islamic Finance Qualification Certified Islamic Finance Executive (CIEF) by ETHICA Certified Qualification in Islamic Finance (CQIF) by IBFIM Bachelor of Islamic Finance and Banking by UUM ____ Diploma in Halal Management by UiTM
Best Islamic Finance Education Provider INCEIF Durham University CIMA Accounting Research Institute, UiTM Malaysian Financial Planning Council
Best Islamic Finance Training Provider —— —— —— IBFIM The University of Nottingham Malaysia Campus
Best Research and Development in Islamic Finance —- Asian Institute of Finance Meezan Bank Islamic Research and Training Institute, IDB Islamic Research and Training Institute, IDB
Occasional Categories
Pioneer of Islamic Banking Bank Muscat (Oman) —- ---- Bank Muamalat (Indonesia) KFH-Bahrain
The Most Improved Islamic Bank ADCB Islamic Banking —- ---- —— ___
Upcoming Shari’a Scholar Mufti Talha Azami —- ---- —— ___
Shari’a Authenticity Award —- Bank Islami Pakistan ___ ___ Meezan Bank
Best Islamic Finance Solutions Provider ___ ___ ___ ___ SAB
Upcoming Islamic Bank ____ ____ Bank Nizwa —— Agrobank
Best Islamic Finance Case —— —— —— Bank Islam and Asian Institute of Finance Amanah Ikhtiar Malaysia
Best Islamic Publishing House ____ ---- ____ ___ IBFIM
Best Islamic Exchnage ____ ____ ____ Bursa Souk Al-Sila, Bursa Malaysia
Best Zakat Districution Programme ____ ____ ____ ____ UiTM
Best Research in Islamic Financial Criminology ____ ____ ____ ____ UiTM
Best Research & Publications Award ____ ____ ____ ____ Sheikh Hamdan Bin Mohamed Smart University
Best Sukuk House of the Year ____ ____ ____ ____ NBAD
Human Capital Development Initiative Award ____ ____ ____ ____ ADCB Islamic Banking

Other attendees of GIFA include:

  • HE Najib Razak, Prime Minister of Malaysia
  • His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai and Prime Minister & Vice President of UAE

The GIFA 2016 ceremony is expected to take place towards the end of September 2016 in Jakarta, Indonesia.


  1. ^ "Professor Humayon Dar | Official Website". Retrieved 2014-04-23. 
  2. ^ "GIFR 2013 - An Edbiz Consulting Publication". Retrieved 2014-04-23. 
  3. ^ "ISFIRE | Islamic Finance Review". Retrieved 2014-04-23. 
  4. ^ "Islamic Economist". Retrieved 2014-04-23.