Qatar
QIB named 'Best Bank in Qatar' by Global Finance; wins 3 Islamic finance awards
Qatar Islamic Bank (QIB) has won four titles at the Global Finance Awards 2026, reaffirming its leadership across banking, investment, and wealth management services locally and globally.
The awards are ‘Best Bank in Qatar’, ‘Best Islamic Financial Institution in Qatar’, ‘Best Islamic Investment Bank’, and ‘Best Islamic Asset Manager in the World’.
QIB’s continued recognition is underpinned by its strong financial performance and disciplined execution across all business segments. In 2025, the bank reported a net profit of QR4.83bn, representing a 5% year-on-year (y-o-y) growth, with total assets reaching QR221.1bn and customer deposits of QR142.7bn.
Building on this momentum, QIB delivered strong results in the first quarter of 2026, with net profit reaching QR986mn in Q1 2026. Total assets increased to QR224bn, while financing assets and customer deposits continued to grow, reflecting the resilience and strength of the bank’s operating model. The bank maintained a cost-to-income ratio of 17%, the best in the Qatari banking sector.
The bank continues to strengthen its position through a diversified portfolio of Shariah-compliant products and services designed to meet the evolving needs of individual, corporate, and institutional customers. QIB offers a wide range of investment and financing solutions, including sukuk, Islamic mutual funds, deposits, treasury and capital market solutions, supported by strong advisory and execution capabilities across various sectors and markets.
QIB’s recognition also reflects its continued leadership in digital banking and innovation, supported by strong customer adoption across its digital channels. Mobile banking penetration among active customers reached around 90%, with the number of logins exceeding 5mn per month, and total financial and non-financial transactions through mobile banking increased by 32%, highlighting the growing reliance on QIB’s digital ecosystem for everyday banking needs.
The bank continues to enhance its award-winning QIB Mobile App, which now offers more than 320 features and services, enabling customers to seamlessly manage accounts, access financing and investment services, conduct local and international transfers, and monitor their financial activities securely and efficiently. QIB also recorded strong growth across its digital sales and onboarding, with more than 50% of retail sales and new customers onboarding generated digitally.
QIB also continues to strengthen its corporate and SME banking proposition through a comprehensive suite of Shariah-compliant financing, transaction banking, and digital solutions tailored to the evolving needs of businesses in Qatar.
Through its Corporate Internet Banking platform and Corporate Mobile App, businesses can seamlessly manage accounts, liquidity, payroll and WPS services, execute local and international transfers, and access a wide range of banking services securely and efficiently.
Complementing its digital capabilities, QIB offers integrated payment acceptance solutions, dedicated relationship management, and sector-focused advisory services, supporting businesses across various sectors and contributing to Qatar’s economic growth.
Bassel Gamal, QIB Group CEO, said: "We are pleased to receive these distinguished recognitions from Global Finance, which reflect the strength of QIB’s strategy, strong financial performance, and continued commitment to delivering innovative Shariah-compliant banking solutions supported by advanced digital capabilities and a customer-centric approach.
"These awards reinforce our position as one of the leading Islamic banks regionally and globally and motivate us to continue contributing to the development of Qatar’s financial sector in line with Qatar National Vision 2030. These achievements would not have been possible without the dedication and commitment from our team and the support of our Board of Directors as well as our customers’ trust and loyalty.”