UAE based law firms; Agha & Co/Agha & Shamsi (the “Firms”) were awarded “Best Islamic Law Firms of 2011” by the Global Islamic Finance Awards (GIFA).
The awards, which were presented at the Oman Islamic Economic Forum (OIEF) by his Excellencies the Ex-Prime Minister of Malaysia Tun Abdullah bin Haji Ahmad Badawi and H.E Yaseen Anwar, Governor of the State Bank of Pakistan, recognize and honor institutions and individuals for their commitment to excellence as well as contribution to the development of the Islamic finance industry.
The awards were made based on an objective proprietary methodology. Candidates were nominated in the first quarter of 2011, and after deliberation over the following six months, the winner was picked from among the nominees.
Professor Humayon Dar, the CEO of Edbiz Consulting and the Chairman of the Conference noted “The awards reflect the dual recognition of excellence in practice of the winner’s respective field and a demonstrable commitment to the cause of strengthening the Islamic finance industry.
Agha & Co/Agha & Shamsi were distinguished as being the first ever Shari’ah compliant firms that, simultaneously, demonstrates excellence in the practice of law.”Oliver Agha, Founding Partner of the Firms, accepted the award and stated,
“What we value most is that the award, apart from recognizing excellence in the practice of law, focuses on those entities that evince a genuine commitment to Islamic finance. We are very serious about promoting genuine Islamic finance as reflected in our circumscribed mandate.”
“We hope that more stakeholders in the industry focus on the growth of the Industry along ethical lines rather than just growth for the sake of only monetary gain (Islamic law/Shari’ah dictates that principles come before profit).”
About the Agha & Co/Agha & Shamsi
Agha & Co/Agha & Shamsi (the “Firms”), the world’s first Shari’ah-compliant firms, have been founded to develop a premier law practice that combines honed international transactional skills and deep Shari’ah knowledge with the response time of a top New York or London firm.
With its own Shari’ah Board of scholars including Sheikh Abdul Sattar Abu Ghuddah, Sheikh Mohamed El Gari, Sheikh Esam Ishaq and Professor Azeemuddin Subhani , the Firms work to develop the cause of “genuine” Islamic finance, as well as to provide a one-stop shop world-class level Islamic dispute resolution and transactional counsel on modern complex matters, seamlessly harmonized with and weaved into Shari’ah principles.
The Firms have a blue-chip clientele and are on the panels of the leading Islamic/regional/international corporate institutions including, for e.g., Al Baraka Islamic Bank, Al Hilal Bank, First Gulf Bank, Deutsche Gulf Finance (joint venture between Deutsche Bank and the Al Rajhi Group), Tamweel PJSC and Amlak Finance, as well as leading Saudi corporate and general manufacturing entities Agha & Co/Agha & Shamsi are members of the International Society of Primerus Law Firms.