Groundbreaking Sukuk Deals Earn Top Honors at IFN Awards 2025
A leading financial advisory platform has earned multiple honours at the Islamic Finance News (IFN) Awards 2025. The recognitions highlight its role in groundbreaking sukuk transactions for major banks. Three key dealsâtotaling $800 millionâwere celebrated for their innovation and compliance with evolving financial regulations.
The platform acted as English law counsel to Vakif Katilim Bankasi on its $500 million Additional Tier 1 (AT1) sukuk. This marked the largest subordinated sukuk ever issued by a Turkish participation bank. The transaction's structure and scale secured it the Perpetual Sukuk Deal of the Year award.
Another standout was the $300 million Tier II sukuk for Kuwait International Bank, where the platform also served as legal advisor. The deal incorporated Basel III Tier 2 mechanics and included title agency features to meet updated Shariah requirements. Its robust design earned it both the Kuwait Deal of the Year and Regulatory Deal of the Year titles.
IFN praised these achievements as examples of resilience and adaptability in a changing global market. The awards underscore how innovative financial structures and regulatory adjustments are driving progress in Islamic finance.
The three deals collectively demonstrate the growing sophistication of money instruments. Their success reflects stronger alignment with international banking standards and Shariah principles. The recognitions also position the advisory platform as a key player in shaping future Islamic finance transactions.
