From Europe News:
BERLIN - Deutsche Bank has won Islamic Finance news "Best Islamic Trustee/Custodian 2011” Award. In addition, Deutsche Bank received the awards for "Project Finance Deal of the Year 2011” and "Saudi Arabia Deal of the Year 2011” recognizing Deutsche Securities Saudi Arabia’s successful execution of Saudi Aramco Total Refining and Petrochemical Company (SATORP) Sukuk Certificates.
The awarded SATORP Sukuk was the first public project Sukuk in the Kingdom of Saudi Arabia and in the region with an innovative Sharia structure of a combination of Istisna and Ijara with Musharaka contractual overlay interposed between the two.
"We are honored to have received these awards from Islamic Finance news, as this reaffirms our dedication and focus to servicing the needs of the growing Islamic Finance market. Our expansion in Asia and MENA has fuelled impressive growth in Sukuk transactions and through our trust and custody businesses we are committed to delivering world-class solutions to our clients”, said F. Jim Della Sala, Managing Director and Global Head of Trust and Agency Services Deutsche Bank. (...)
Germany /Islam-Finance: Deutsche Bank awarded for its Islamic Finance business
IINA 25 January 2012
The awarded SATORP Sukuk was the first public project Sukuk in the Kingdom of Saudi Arabia and in the region with an innovative Sharia structure of a combination of Istisna and Ijara with Musharaka contractual overlay interposed between the two.
"We are honored to have received these awards from Islamic Finance news, as this reaffirms our dedication and focus to servicing the needs of the growing Islamic Finance market. Our expansion in Asia and MENA has fuelled impressive growth in Sukuk transactions and through our trust and custody businesses we are committed to delivering world-class solutions to our clients”, said F. Jim Della Sala, Managing Director and Global Head of Trust and Agency Services Deutsche Bank. (...)
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