Cornhill’s WSF Reliance Global Shariah Growth Fund has been named Best Islamic Fund (Global Equity) at the Islamic Business and Finance Awards 2012.

The award is the latest recognition for the Fund, which is managed by Shariah investment specialists Reliance Asset Management Malaysia.

It has repeatedly outperformed both its peers and benchmark since its launch and provided a total return of 35% since inception. It was the best performing Islamic equity fund in the world in 2011 and in August this year it was ranked one of the world’s top two global equity funds, according to the Lipper global fund ranking agency.

The Islamic Business and Finance Awards 2012, held in Dubai last week, are one of the most prominent events in the Islamic finance industry, bringing together hundreds of bankers and financiers from around the world to recognise exceptional achievement among Islamic banking and finance institutions.