Besides Best International Islamic Bank, HSBC Amanah has also won the Best Sukuk House award for also the second consecutive year, in recognition of its leading role in Islamic debt capital markets.

In 2010, HSBC Amanah continued to grow its operations in the core markets of Saudi Arabia, the UAE, and Malaysia, while expanding in key growth territories of Indonesia, Bangladesh, Bahrain and the UK. The business also continued to lead in several global, landmark transactions, including the largest sukuk deal of the year for Saudi Electricity Company's SR7 billion sukuk, the largest US dollar sovereign sukuk in $1.25 billion for government of Malaysia, the world's largest Shariah-compliant REIT and first Shariah-compliant listing in Singapore: $664.4 million Sabana REIT.

Mukhtar Hussain, global CEO of HSBC Amanah, said: "HSBC Amanah is delighted to be at the forefront of a global industry which increases in scale, sophistication and penetration each year. Shariah-compliant financial services continue to grow in line with customer demands and HSBC Amanah is proud to be recognized as the premier, cross-border financial institution by Euromoney."

HSBC Amanah will continue to invest in our franchises both in the Middle East and Asia. The potential for the industry remains considerable but further efforts will need to be made to institutionalize and operationalize best practices. Notwithstanding the challenges, this remains an exciting era of opportunities."