The awarded SATORP sukuk was the first public project sukuk in the Kingdom and in the region with an innovative Shariah 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,” said F. Jim Della Sala, managing director and global head of trust and agency Services Deutsche Bank.
“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,” he said.
This is the second consecutive year that Islamic Finance news has recognized Deutsche Bank's excellence in providing Islamic Trustee and Custody Services in their annual Global Banking Awards.
"We are very pleased to receive these awards which underline our strong commitment to Islamic Finance," said Ashok Aram, CEO, Deutsche Bank, MENA.
