Al-Kawari (left) with King. QInvest had a strong 2014 with revenue growth reaching 134% and net profits increasing eight times. In 2015, first-half revenues jumped 40% and profit 86% compared to the same period last year.
Leading investment group and Islamic financial institution, QInvest, has been named the “Most Innovative Investment Bank from the Middle East” at The Banker magazine’s Investment Banking Awards 2015.
QInvest CEO Tamim Hamad al-Kawari received the award on behalf of QInvest at a ceremony held recently in London.
Al-Kawari said: “Winning this award from The Banker is a real accolade for QInvest and testament to the growth and innovation across the business. We have expanded our pioneering open architecture, Shariah-compliant fund platform, QMAP, adding new, highly-innovative products to our range and widening investment opportunities. This has fortified our leadership of the Islamic finance sector and our role as the gateway for investors looking to access the GCC region’s rapidly growing markets.”
He added: “I would like to thank The Banker’s panel of judges for this prestigious award and all of my colleagues at QInvest, as well as our shareholders for their continued support over the last year.”
The Banker Magazine Africa and Middle East editor James King said: “This award recognises QInvest’s commitment to innovation, as well as its standout growth performance over the last year. The judging panel was particularly impressed with QInvest’s approach to product development and its ability to connect investors with the region’s fastest growing markets.”
QInvest said 2014 was a strong year with revenue growth reaching 134% and net profits increasing eight times compared with the previous year. Also, QInvest ended the first half of 2015 with revenues up 40% and net profit increasing 86% compared to the same period last year, and exceeded the total profit achieved in 2014.
The Banker magazine’s Investment Banking Awards recognise the outstanding performers in the banking industry over the last 12 months. The magazine applies detailed and rigorous methodology to select the winners in each of the categories.
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