KBL European Private Bankers (KBL epb) announced today that it has been named winner in both the “Deal of the Year” and “Sukuk Deal of the Year” categories at the annual Islamic Finance News Awards, which took place on Monday evening in Dubai.

The Luxembourg-headquartered group was recognized in this regard for its role as a primary dealer of the International Islamic Liquidity Management Corporation’s (IILM) $2 billion Islamic bond, or sukuk, programme.

The IILM issued a debut $490 million three-month sukuk in August 2013, with KBL epb serving as one of nine primary dealers worldwide. The Central Bank of Luxembourg, among others, is a member of the Malaysia-based organization’s Governing Board.

On behalf of KBL epb, Olivier de Jamblinne, CEO, Luxembourg, and Jonathan Grosvenor, General Manager, Global Financial Markets, received these awards at a high-profile event at the Dubai International Financial Center.

“We are grateful to Islamic Finance News for these prestigious awards, and of course to the IILM for placing their trust in us as primary dealer for Luxembourg,” said Yves Stein, Group CEO, KBL epb. “We are equally proud to be the only European institution to have served in this capacity on behalf of the IILM.”

Stein added: “While our core focus is private banking, KBL epb is a multi-specialist organization that continually invests in innovation, as these awards demonstrate. This recognition also serves to highlight Luxembourg’s role as one of the world’s leading financial services hubs, connecting investors with opportunities across Europe and around the globe.”

This is the first time that KBL epb has been in the spotlight at the Islamic Finance News Awards, which were established in 2006. The awards recognize participation in the industry’s most groundbreaking transactions, with winners selected by a panel of independent experts.