In selecting KPMG, Euromoney magazine said: “What made KPMG stand out in 2009 was the work it did to help the promotion of Islamic finance globally.”
Jeremy Anderson, EMEA Head of Financial Services at KPMG, said: “On behalf of all KPMG member firms actively engaged in the global Islamic finance sector, the UK firm is proud to accept this award for the third year in a row. It is a testament to our commitment to the growth and development of this sector and I am proud of our achievements. We will not rest on our laurels however, and are determined to build on our success of 2009 into 2010 and beyond as we recognize the growing importance of the Islamic finance market and seek to effectively help our firms’ clients in this sector.”
Jamal Fakhro, Managing Partner for Bahrain and Qatar said: “It is truly an honor to be recognized in such a manner and winning this prestigious award for the third time running will serve to inspire us to do even better in this arena. Bahrain and Qatar is a part of centre of excellence for global Islamic finance, which is regarded as a growth sector and at KPMG we are focusing on leveraging this opportunity”
Over the last year, KPMG member firms have provided assurance and advisory services to over 60 Islamic financial institutions in the UK and Western Europe, Bahrain and Qatar amongst the other GCC countries, the Far East, North America and Africa. In Bahrain and Qatar, all services have been tailored to the Islamic finance industry and have included activities in audit, merger, restructuring, corporate finance, feasibility studies, tax and regulation, due diligence and market research through a dedicated Islamic Finance specialists group.
In addition, KPMG executives currently serve on the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the Islamic Financial Services Board (IFSB), the International Centre for Education in Islamic Finance and HM Treasury’s Islamic Finance Technical Working Group