The company won the Best Takaful Advisory Firm category at the recent 2008 International Takaful Awards, which celebrated the Islamic insurance sector.
Mohammad Faiz Azmi, global Islamic finance leader at PricewaterhouseCoopers, commented: "This award is a wonderful recognition of our efforts to support the takaful industry, both locally and globally.
Held at the Jumeirah Carlton Tower in London, the event was endorsed by a range of organisations, including UK Trade & Investment (UKTI), the Chartered Insurance Institute and the International Underwriting Association of London.
The takaful market is a sector which is set to increase as many Western products are incompatible with Islam's Sharia law, with growth rates of 20 per cent a year experienced so far.
A report by Standard & Poor's Rating Service claims the industry has further opportunity for rapid growth and predicts it will become a significant player in the risk transfer market, according to Insurance Daily.
Earlier this month, UKTI chief executive officer Andrew Cahn said the UK is committed to embracing Islamic finance and noted the industry's resilience through turbulent market conditions.
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