JEDDAH — Alkhabeer Capital, has announced Tuesday that it has been awarded “Best Islamic Fund 2015” by banking publication Banker Middle Eastfor its liquidity fund ‘Hasseen'. The award is based on a peer-vote process and signifies the firm's exceptional ability to innovate, create new products and services and also to develop and enhance generic Islamic structures to accommodate customer needs for Shariah-compliant products. Commenting on the award, Ahmed Saud Ghouth, Deputy Chief Executive Officer of Alkhabeer Capital, said: “I am delighted to receive this award on behalf of Alkhabeer Capital. There are few awards as prestigious as the Banker Middle East Product Awards, and it is fitting that the hard work of our excellent team should be recognized in this way.” Zoya Malik, Editor of Banker Middle East, added. “On behalf of Banker Middle East, I am delighted to award Alkhabeer Capital in the category of ‘Best Islamic Fund, 2015', for the Hasseen Fund. It is never easy selecting a winner from so many worthy candidates, but the case for Hasseen was outstanding. At Banker Middle East we are proud to support the financial services industry of the Middle East, and especially the innovators in the Islamic Finance sector. Alkhabeer is a worthy winner and we offer our sincere congratulations to Ahmed and his team.” Alkhabeer Capital has won multiple industry awards including Best GCC Equity Fund in Saudi Arabia by Banker Middle East for the year 2014 and by MENA Fund Manager for the year 2015. In addition, Alkhabeer has been awarded as Best Asset Manager Middle East by Islamic Business & Finance Magazine, Best Asset Management Company in the GCC and Best Working Environment in the Kingdom. Alkhabeer Capital is a leading asset management and investment firm based in Jeddah and authorized by the Capital Market Authority. — SG
