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QIB named ‘Best Islamic Bank in Qatar’ by EMEA Finance

Tuesday، 14 January 2020 07:38 PM

Qatar Islamic Bank (QIB) has been named ‘Best Islamic Bank in Qatar’ for the third consecutive year in the 12th edition of the Middle East Banking Awards presented by EMEA Finance. The award marks QIB’s strong financial performance and the successful implementation of its business strategy.

QIB Group CEO Bassel Gamal said, “We are pleased to have the bank's commitment and dedication to all its stakeholders recognised by such an established organisation. To be awarded the ‘Best Islamic Bank in Qatar’ is a true testament to our customer-centric strategy and continuous investments in innovation and technology.

“Achieving such awards wouldn’t have been possible without the hard-work of all our employees. Having our team’s efforts recognised keeps us motivated to deliver even more value to our customers and shareholders in future.”

The Middle East Banking Awards celebrates the achievements of banking institutions that have reported record profits, demonstrated the highest standards of services, developed innovative products, and achieved overall excellence in the banking industry.

EMEA Finance is a leading bi-monthly global industry publication that reports on major financial events initiated and influenced by the international financial industry active in Europe, the Middle East, and Africa.

The awards are granted based on thorough evaluation of the performances of regional economies and banking systems, as well as analyses of landmark capital-markets deals from sovereigns and companies.

Awards are presented to the top performing Islamic, commercial, and investment banks, as well as asset managers and brokers in countries across the Middle East. In turn, it highlights the successes of banks and individuals that have exceeded expectations by excelling in their performance.

Putting the customer in the heart of its strategy, QIB has embarked on a digital transformation programme to provide a seamless experience for its customers on all digital channels. QIB’s digital transformation focuses on improving the customer experience, creating internal efficiencies, and contributing positively to the bank’s results.

The bank has launched innovative services and features for each customer segment to ensure that key products and services are simpler, faster, and easy to use. QIB has transformed into a 24x7 institution, offering customers the possibility to perform the majority of their daily banking needs through the bank’s award-winning mobile App and Internet banking, anytime, anywhere, without the need to visit a branch. QIB will continue to diversify and enhance digital offerings to meet and exceed the expectations of its customers.

Recently, Moody’s Investors Service has affirmed the long-term deposit ratings of QIB at “A1”. In November 2019, Fitch Ratings affirmed Qatar Islamic Bank at 'A'. Also, in May 2019, Capital Intelligence Ratings (CI) has affirmed the bank’s Long-term Currency Rating (LTCR) of ‘A+’. In March 2019, Standard & Poor’s (S&P) affirmed the bank’s credit rating at ‘A-’.

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