NCB Capital has been crowned winner of "Best Islamic Asset Management Company in the Middle East" Award 2011by Islamic Finance News. "This win holds special significance since NCB Capital has been voted Best Islamic Asset Management Company by its peers in the investment world," said Hamed Fayez, head of Asset Management at NCB Capital. "Furthermore, coming on the back of previous awards in the same category, this prestigious mark of recognition demonstrates the staying power of NCB Capital's team in what continues to be a challenging market." NCB Capital is the largest investment bank in Saudi Arabia with over one million clients and SR56 billion ($14.9 billion) of assets under management (Dec 2010) and is the Kingdom's largest Shariah-compliant fund business (Tadawul) with a 33 percent market share through 26 mutual funds, making it the world's largest Shariah-compliant asset manager. Islamic Finance News Awards honor the best in the Islamic financial industry and are highly recognized by the global Islamic capital markets. The awards are decided by the IFN Asset Management Poll, which focuses on the rapidly developing global Islamic funds industry.
