Qatar First Bank’s corporate and institutional banking division was recognised for customer service excellence and product innovation by Business and Finance magazine.
The bank’s corporate and institutional banking products and liability solutions include Wakala, Murabaha, Ijara and Istisna’a.
QFB’s head of Wholesale Banking Sector (Commercial Banking) Hussein Hamam received the award at the 11th Islamic Business and Finance Awards Gala Dinner held at the Emirates Towers Hotel in Dubai.
“With our growing range of innovative Shariah compliant products and services to the corporate and private banking market, as well as the bank’s continued growth and success in its role as a trusted financial adviser to clients, this highly regarded award is a testament to the bank’s status as a leading player in Qatar’s Islamic financial industry and its capacity to take on potential market challenges amid the current economic conditions in the region,” Sulaiman Yousif al-Salhi, chief business officer of QFB, said.
The bank’s client base encompasses government, private and public entities belonging to a diverse set of economic sectors such as trading, manufacturing, healthcare, private equity, retail, real estate and contracting.
During this year, the bank has grown its liability book by more than 10% to QR3.37bn at the end of third quarter, reflecting investors’ confidence in the bank. 
Despite the volatile market conditions, the bank has also grown its financing portfolio by around 31% to QR1.45bn, recorded in the same period.
The Islamic Business and Finance Awards’ accolade is the latest of several recognitions QFB has received in 2016, which also saw it being exclusively named 2016’s ‘Best Up-and-Coming Islamic Financial Institution’ in Global Finance magazine’s ninth annual awards, as well as winning the ‘Best Shariah Alternative Investment Platform’ title by ‘Wealth and Finance’ in this year’s ‘Alternative Investment Awards’.






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