Islamic finance news awards results: Best banks poll 2012
Recognizing the best in Islamic finance
The winners of the eighth Islamic Finance news Best Banks Poll have just been announced, with some unexpected firsts, including Bank Indonesia's win over Bank Negara Malaysia for the title of Best Central Bank in Promoting Islamic Finance. This is the first time since the inception of the Poll in 2006 that the Malaysian central bank has not emerged a winner in this category. Covering all major and emerging Islamic finance markets, the IFN Best Banks Poll received an overwhelming response from industry players across the globe, including Australia, Syria, the UK, Lebanon, Iran and Kenya.
This year, the poll received an unprecedented number of votes totaling at 12,505, and after due diligence, 9,883 votes were counted towards the final results with 2,622 being rejected due to self-voting, duplication, and coming from dubious sources. The surge in votes by over 3.5 times this year is also attributed to a new voting system, allowing subscribers of Islamic Finance news to vote for their preferred bank by selecting from a provided list. In total 160 nominees over 36 categories received votes; illustrating yet again the growing size and reach of the Islamic banking and finance industry.