{"id":825198,"date":"2025-05-23T10:46:02","date_gmt":"2025-05-23T08:46:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=825198"},"modified":"2025-05-23T10:46:06","modified_gmt":"2025-05-23T08:46:06","slug":"standard-bank-wins-africas-best-islamic-bank-two-years-in-a-row","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/825198\/standard-bank-wins-africas-best-islamic-bank-two-years-in-a-row\/","title":{"rendered":"Standard Bank wins Africa\u2019s Best Islamic Bank \u2013 two years in a row"},"content":{"rendered":"\n<p>Standard Bank\u2019s Shari\u2019ah Banking has been crowned Africa\u2019s Best Islamic Bank for the second consecutive year at the 2025 Euromoney Islamic Finance Awards. <\/p>\n\n\n\n<p>The bank also received the award for South Africa\u2019s Best Islamic Bank.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.standardbank.co.za\/southafrica\/personal\/products-and-services\/bank-with-us\/shari%CC%81ah-banking?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=May+2025\" target=\"_blank\" rel=\"noreferrer noopener\">For more information on Shari\u2019ah Banking, click here.<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>In 2024, Standard Bank Shari\u2019ah Banking became the first Sub-Saharan African bank to win the title of Africa\u2019s Best Islamic Bank. <\/p>\n\n\n\n<p>This continued recognition highlights the market\u2019s appreciation of Standard Bank\u2019s innovative solutions tailored to meet the continent\u2019s growing demand for Islamic finance.<\/p>\n\n\n\n<p>\u201cWe\u2019re honoured to receive this prestigious recognition for the second year running. Being named Africa\u2019s Best Islamic Bank reaffirms our commitment to innovation and to delivering principled, Shari\u2019ah-compliant solutions tailored to our clients\u2019 unique needs,\u201d says Ameen Hassen, Head of Shari\u2019ah Banking at Standard Bank.<\/p>\n\n\n\n<p>He adds that the award reflects the exceptional teamwork driving the bank\u2019s efforts to advance Islamic finance across the continent.<\/p>\n\n\n\n<p>The Euromoney Islamic Finance Awards honour institutions that have made a significant impact by driving innovation and growth in Islamic banking and finance.\u202f<\/p>\n\n\n\n<p>Standard Bank Shari\u2019ah Banking has led several industry firsts, including the world\u2019s first Shari\u2019ah-compliant Diners Club card, South Africa\u2019s first fintech enabled unsecured Shari\u2019ah-compliant working capital solution through the Merchant Capital Shari\u2019ah Advance and the first Shari\u2019ah-compliant term facility in South Africa offered by a commercial bank. <\/p>\n\n\n\n<p>Over\u00a0the past five years, its\u00a0 assets have grown by 82%, outpacing the 79% growth in liabilities over the same period.<\/p>\n\n\n\n<p>\u201cWe see Islamic finance as a powerful enabler of economic growth in Africa, especially in Sub-Saharan regions, which are home to 18% of the global Muslim population,\u201d adds Hassen.<\/p>\n\n\n\n<p>He says that Standard Bank\u2019s Shari\u2019ah Banking continues to innovate to ensure that Islamic banking plays a bigger role in Africa\u2019s economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Bank\u2019s Shari\u2019ah Banking has been crowned Africa\u2019s Best Islamic Bank for the second consecutive year at the 2025 Euromoney Islamic Finance Awards. <\/p>\n","protected":false},"author":57,"featured_media":825214,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[22636,499],"class_list":["post-825198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-africas-best-islamic-bank","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/825198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=825198"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/825198\/revisions"}],"predecessor-version":[{"id":825322,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/825198\/revisions\/825322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/825214"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=825198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=825198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=825198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}