Barwa Bank has been named “Best Islamic Financial Institution in Qatar” by Global Finance during its seventh annual awards for the World’s Best Islamic financial institutions.

The winners of this year’s awards were banks that contributed to the growth of Islamic finance, while creating the foundation for continued growth of the industry.

The Global Finance’s “World’s Best Banks 2014 Awards” ceremony was held on the sidelines of the IMF/World Bank Annual Meetings on Saturday at the Washington National Press Club.

“Winning the ‘Best Islamic Financial Institution in Qatar’ award from such a prominent publication is a notable achievement and one we are proud of. We have a strong team of dedicated people at Barwa Bank and this recognises their commitment to the delivery of high-quality products and services tailored to specific customer groups combined with superior customer service,” said Khalid Yousef al-Subeai, Barwa Bank’s acting Group CEO. With Barwa Bank having grown significantly in both size and stature since it was established in 2008, its innovative approach has enabled it to create and communicate a unique brand image and value to its customers, and positioned it as a leading brand in the Shariah-compliant banking sector in Qatar and the region, a statement said.