London – DDCAP Limited was named the ‘Best Islamic Finance Market Intermediary’ at the 2010 London Sukuk Summit Islamic Finance Awards which were presented at a Gala Dinner at the Hyatt Churchill Hotel in London in June 2010. The Awards, organised by ICG-Events, honoured institutions and individuals involved in the Islamic finance industry for their contributions and achievements during the past year. The Guest of Honour at the Awards was Dr Catherine Cowley, Senior Lecturer in Ethics and Finance at Heythrop College, London University. Her Majesty’s Treasury won a popular and timely recognition for ‘Outstanding Contribution to the Development of Islamic Finance in the UK’. HM Treasury has been at the forefront of the UK Government’s policy over the last few years to introduce enabling legislation including tax neutrality measures to facilitate the introduction of Islamic financial products in the UK. Another UK entity, Volaw Trust & Corporate Services Limited in Jersey was named ‘Best Islamic Administrator/Trustee’. Other winners included Al Rajhi Bank of Saudi Arabia for ‘Outstanding Contribution to the Development of Global Islamic Finance’ Award; The Malaysia International Islamic Financial Centre (MIFC) for the ‘Best International Islamic Financial Centre’ Award; The Securities Commission of Malaysia (SC) for its ‘Outstanding Contribution to the Development of Islamic Capital Markets’; and Dr Mohamed Akram Laldin, Executive Director of the International Shariah Research Academy for Islamic Finance (ISRA) for the ‘Zaki Badawi Award for Excellence in Shariah Advisory and Research’ Award. Khazanah Nasional Berhad, the investment arm of the Malaysian Ministry of Finance, won the award for ‘Outstanding Contribution by a Sovereign Wealth Fund to the Development of the Islamic Finance Industry’. Khazanah’s strategy sees Islamic finance as its main investment activity and conventional investment as the alternative. Prof. Rifaat Abdel Karim, Secretary General of the Islamic Financial Services Board (IFSB) was honoured for his ‘Outstanding Leadership in Islamic Finance’.
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