Qatar Islamic Bank (QIB), has been named “Bank of the Year” and “Best Retail Bank of the Year” in Qatar, at the 2019 edition of Islamic Finance Awards bestowed by the Asset Magazine, a leading financial publication in Asia Pacific.
Both awards were presented to QIB for being the leading Islamic Bank in Qatar, reflecting QIB’s continuous efforts to develop its existing product suite and to also create innovative financial solutions to meet the ever-changing needs of its customers in Qatar. The awards reflect QIB’s successful growth strategy which is built on focusing on customer’s needs and working to meet them through a flexible and easy banking experience.
The Bank’s strategy is closely tied with Qatar’s National Vision 2030 and the Government’s commitment to investments in the country’s infrastructure, the diversification of the economy and the development of a strong private sector.
Over the past few years, QIB’s leadership has been working on a business strategy to build a long-lasting competitive advantage by introducing new products and services, boosting service performance, developing the Bank’s risk management framework, and migrating to new technology platforms that allow the Bank to better serve its customers. The successful implementation of this strategy has contributed to the Bank’s leading position in Qatar and the region.
“These prestigious awards are another acknowledgement of our continuous efforts to implement a successful business strategy in providing best in-class banking services to all of our clients in Qatar.” said, QIB’s Group CEO Bassel Gamal.
“We are leveraging technology in ways that meet, if not exceed, the requirements of our growing retail and corporate customer base. Our Bank has become a pioneer in offering digital products and services; we were the first Islamic Bank in the world and the first Bank in Qatar to launch ‘Instant Finance’, an innovative, highly secure, end-to-end digital solution that allows our customers to obtain personal financing within minutes through our mobile banking app and recently we have enabled new to bank customers to open a new bank account instantly through the App.” Bassel added.
The Asset Triple A Islamic Finance Awards are considered one of the most prestigious awards in Asia, as Islamic banking is quickly growing to be one of the most promising niches in global finance. Through a rigorous, selective approach, the awards are built upon stringent methodology along with a benchmark research team whose surveys provide accurate quantitative and qualitative data on management decisions.
