Qatar Islamic Bank (QIB) has been recently recognised by Global Finance as the ‘Best Islamic Retail Bank’ in the world for the first time since its foundation. The bank also received the ‘Best Islamic Bank’ in Qatar, its home country.
QIB said the awards were given on the strength of the bank’s financial performance, its embrace of cutting-edge banking technologies, and its customer-centric approach to both its product offering and the overall banking experience it offers.
The awards ceremony was part of the annual meeting of the IMF and the World Bank held in Washington DC in which Bassel Gamal, Group CEO at QIB, led the bank’s delegation. The global award is a testament to the “prominent position” that QIB holds in the local and international Islamic finance world, QIB said in a statement.
“Islamic banks have established themselves as key players in the financial world, and as one of the leading Banks in Qatar. It was important for QIB to participate at the IMF and the World Bank annual meeting,” Gamal said.
He added: “We were also presented with the “Best Islamic Retail Bank in the World” and “Best Islamic Bank in Qatar” awards, which are a testament to our on-going commitment to serving our customers and providing them with solution-driven and innovative products and services.”
Each year, the Global Finance magazine, a respected source of news in the finance industry for global and emerging markets, releases its list of the ‘Best Islamic Finance Institutions in the World’.