Islamic Finance News (IFN), an independent panel of experts, annually awards organizations in the category "Deal of the Year" in the field of Islamic finance. In January 2023, ASIA ALLIANCE BANK received an award from this authoritative agency for the successfully completed deal with the Islamic Corporation for the Development of the Private Sector (ICD) within the existing line of facility. On March 16, 2023 a solemn ceremony was held in Dubai, UAE, at which ASIA ALLIANCE BANK was awarded with "Deal of the Year" award.

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