Qatar Islamic Bank (QIB) has been recognised as the “Best Islamic Bank in Qatar” by the Islamic Finance News (IFN) readers, the world’s leading Islamic finance publication, a testament to its successful business strategy and strong financial performance.
“This showcases that our team’s commitment to the country, and to our customers and stakeholders, continues to be appreciated,” said Bassel Gamal, QIB’s group chief executive.
QIB was recognised for its outstanding financial performance in 2019, delivering a year-end net profit of QR3.05bn, the strength of its customer service, and its thoughtfully curated portfolio of products and services.
Additionally, the bank was praised for its commitment to the digitisation of banking services, having introduced several first-to-market digital banking solutions within Qatar and the wider region, which offer customers an improved, technology enabled, banking experience.
In the past year, QIB embarked on a digital transformation to face the ever-changing banking trends that are shaping to meet the customer’s fast-evolving digital expectations. It showcased its commitment of being at the forefront of technological developments in Qatar, by delivering innovative products and services, which not only enhance product delivery, but the overall customer banking experience.
The annual IFN ‘Best Banks Awards’ acknowledges the best providers of Islamic financial services across a series of markets and sectors, as voted directly by the readers of IFN. The Islamic finance readers, investors, non-banking financial intermediaries and government bodies were invited to elect the best banks by casting their votes. The votes reflect the views of a large and dedicated audience, which voted QIB as the “Best Islamic Bank” in Qatar.
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