The prestigious award which was given by The Banker, part of The Financial Times Group, marks QIB’s strong financial performance and the success of its business strategy.
Additionally, QIB ranked second in Qatar and 240th globally on The Banker’s Top 1000 World Banks, jumping from the 260th position last year. The Banker’s top 1000 World Banks’ ranking tracks the largest bank holding companies based on Tier 1 capital as at the end of 2016.
The ranking further highlights QIB’s consistent growth and its position as a leading contributor to the banking industry.
“We are pleased to have been named the Best Islamic Bank in Qatar for the fifth consecutive year...This award is a testament to the success of QIB’s growth strategy and its focus on providing innovative products and premium, customer-centric services,” said Bassel Gamal, QIB’s group chief executive.
In first half of 2017, QIB showed a net profit of QR1.17bn representing a year-on-year growth of 10%. Total assets increased by 9.2% to QR147bn. Financing grew 13.6% to QR110bn. Total income registered 18.4% growth to QR3.145bn, reflecting a healthy growth in the bank’s core operating activities.
