Gatehouse Bank voted Best New Islamic Bank in the World

22nd January 2009

Gatehouse Bank, the fully Shariah-compliant wholesale investment bank based in the City of London, has been voted the “Best New Islamic Bank” in the world in the prestigious Islamic Finance News Award Poll for 2008.

The poll, considered the industry’s most comprehensive and definitive survey, attracted a record 2,491 votes cast by industry participants in several hotly contested categories.  Islamic finance has seen rapid growth in the last few years worldwide with the launch of many new institutions, so the award for “Best New Islamic Bank” was therefore one of the most open.

Islamic Financial News commented:
“What is clear, from the results of the 2008 Islamic Finance news Poll, is that the more focused and specialized Islamic financial institutions are favoured to those of the larger global historically conventional institutions with Islamic operations.” 

Awards ceremonies are to be held in Kuala Lumpur, Malaysia on 12th February and also in Dubai on 3rd March, where trophies will be handed out to the winners.

David Testa, CEO, Gatehouse Bank, commented:
 “In what has been a year of unprecedented challenges in the banking industry, we are delighted with the achievement of being voted “Best New Islamic Bank” in the poll. From the outset, we knew it was vital to create a seamless operation from the back office to the front staffed with a team of the highest calibre, with our base in City of London now confirmed without doubt as the Western centre for Islamic finance.

“It is only with the unstinting support of our shareholder (The Securities House KSCC), our experienced Board, our handpicked team of specialist financiers and our clients that this has been possible. The current market conditions are still creating opportunities for those in for the long-term, and with our unique offering to the market we hope for continued success in the future.”

For all media enquiries, please contact:

Angelena Lee
Gatehouse Bank plc
Email : info@gatehousebank.com