(MENAFN - Arab News) The first award for "best Islamic economy" was granted to SEDCO Capital in recognition of its premier Islamic investment funds to SEDCO Capital's CEO Hassan Al-Jabri during the recent Global Islamic Economy Summit.
The company also received the Responsible Islamic Investment award in recognition of its Shariah-compliant funds, while CEO Hassan Al-Jabri received the "best individual award in Islamic finance".
Sheikh Mohammad bin Rashid Al-Maktoum, ruler of Dubai, presented the awards.
With the recent awards, SEDCO Capital reinforces its position as a leading Saudi company in the Islamic investment sector.
SEDCO has received a large number of awards during the year, positioning the kingdom in the forefront of global investment as the awards are judged and voted independently, based on detailed studies on candidates.
SEDCO Capital's nomination for the awards came after a series of achievements, most remarkably the launch of the first two global investment funds through the Luxembourg platform.
They are Shariah-compliant and socially responsible, aiming toward sustainable economic development and improving the lives of people wherever they are.
SEDCO Capital Global Funds in Luxembourg represent the largest Islamic investment platform in the county, which is a major global hub for investment, are open to high net worth individuals, family offices, institutions and qualified distributors through the Luxembourg platform.
SEDCO Capital boasts an impressive track record of investments that meet a wide spectrum of needs, regardless of the investment's type or risk level.
The company also prides itself with its world-class capabilities to evaluate and study private equity throughout the world and globally listed equity fund managers.
The company is seen as one of the most powerful names in the field of asset management, and is among the world leading companies that offer a wide selection of services in financial asset management, real estate investments, equity and commodities, in accordance with the Islamic Shariah principles.