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Greenstone wins award for enabling global alternative funds to reach Shariah-compliant investors

October 29, 2019  (Dubai)

Greenstone Equity Partners, the largest independent fund placement firm in the Middle East and the leading provider of regulatory-compliant fund marketing and registration services in the GCC, won the award for “Best Advisory Service” at the 14th annual Islamic Business & Finance Awards.

The Islamic Business & Finance Awards provide global recognition to exceptional financial institutions who innovate and pioneer across the Islamic finance landscape and illuminate the many advancements in Islamic finance each year.  The independently judged event is held annually by CPI Financial, the publisher of Banker Middle East and Islamic Business & Finance, considered to be the authoritative voice of the Islamic finance industry.

Among the 24 competitive award categories, the finalists for this year’s “Best Advisory Service” award included Greenstone Equity Partners, PwC, and Amanie Advisors.  The winners were announced at a gala dinner held at the Ritz-Carlton DIFC, Dubai, which was attended by more than 150 industry leaders from the worldwide Islamic finance ecosystem.

Reflecting on receiving this prestigious award, Alex Gemici, Chairman of Greenstone Equity Partners, said:

As a firm that operates only in the major GCC countries, we are immensely proud to have facilitated top-tier global fund managers, who collectively manage hundreds of billions USD in AUMs, to offer their products for the first time to Shariah-compliant investors.

Omar Al Gharabally, President and Partner of Greenstone Equity Partners, who accepted the award on behalf of the firm at the ceremony, added:

For the last several years, working closely with top law firms, specialized service providers, and Islamic investors in the region, we have assisted fund managers in establishing industry leading and operationally attractive Shariah-compliant structures that are acceptable to the Shariah Boards of our Islamic investor partners. We are incredibly grateful to be recognised for our role in providing previously unavailable investment opportunities to our GCC investor partners.

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