Global Finance, a US-based financial magazine, awarded Islami Bank Bangladesh Limited as the best Islamic financial institution in Bangladesh for 2009, the bank said in a statement.

IBBL Vice Chairman Yousif Abdullah Al-Rajhi received the award on behalf of IBBL from Joseph D Giarraputo, president and publisher of Global Finance at a function at Istanbul in Turkey recently.

IBBL Deputy Managing Director and Head of Investment Wing Mohammad Abdul Mannan was present at the function while chief executive officers and representatives from different leading banks and financial Institutes of the world took part in the prize-giving ceremony.

The winners of this award are those banks that contributed to the growth of Islamic financing and successfully met their customers' needs for Shari'ah-compliant products while creating the foundation for continued fast growth in the future.