Standard Chartered has been recognised with two major awards by The Banker, highlighting the growing importance of Islamic finance across global banking markets.
The international banking group was named โIslamic Bank of the Yearโ and also received the โMost Innovative Sukukโ award for its role in ADNOCโs debut international sukuk issuance.
The recognition reflects increasing momentum in the Islamic finance sector, which continues expanding across the Middle East, Asia, and Africa as demand grows for Shariah-compliant banking, investment, and capital market solutions.
According to industry projections referenced by the bank, global Islamic finance assets are expected to reach approximately $7.5 trillion by 2028, representing one of the fastest-growing segments in international finance.
Khurram Hilal, CEO of Islamic Banking at Standard Chartered, said the sector is evolving beyond domestic markets as affluent investors and institutions increasingly seek cross-border Islamic finance opportunities.
The bank stated that its Islamic finance platform supports a wide range of clients, including affluent individuals, corporations, and institutional investors, with services spanning wealth management, financing, liquidity solutions, and sukuk structuring.
Sukuk markets in particular have seen increasing institutional demand in recent years as governments, sovereign wealth funds, and major corporations across the Gulf region continue diversifying funding sources and attracting international investors.
The awards also underline the UAEโs broader ambition to strengthen its position as a leading global hub for Islamic finance and Shariah-compliant capital markets.
