UBAF has just been awarded the prestigious "Deal of the Year" by Islamic Finance News*! Each year, this award highlights the most outstanding transactions in the Islamic finance sector.
In 2024, IFN recognised 17 institutions, including UBAF, for their key role in a $604 million Murabaha financing for the Egyptian government, represented by EGPC, the national oil company.
Completed in a record time of just three weeks, this financing came at a critical time for Egypt. It supported the hydrocarbons sector and prevented any disruption in production, thus ensuring the country's economic and energy stability.
This award is the result of the 'One UBAF' approach and the commitment of the teams involved in this financing. It underlines the Bank's expertise and commitment to high impact strategic financing.
This award also demonstrates our ability to respond quickly and effectively to the needs of our partners. It confirms UBAF's key role in the development of Islamic finance and structured finance worldwide.
*Islamic Finance News (IFN) is a publication specialising in the world of Islamic finance. It aims to inform professionals by providing news, analysis and in-depth research on industry trends and developments. Its influence in the industry is significant.
