Qatar Islamic Bank (QIB) was named ‘Best SME Bank in the Middle East and Qatar’ by The Asian Banker, recognising QIB’s commitment to providing seamless banking solutions to small and medium-sized enterprises (SMEs) and its strategic role in diversifying the economy.
QIB’s focus on SMEs operating in Qatar is reflected in the bank’s specialised ‘Aamaly’ (meaning My Business) service, designed to provide tailored products and services to SMEs, offering financial benefits, guidance, and advice from specialised relationship managers throughout all the phases of a company’s lifecycle.
QIB is the only Islamic bank in Qatar and one of the only two banks in the country to launch a corporate-only mobile App, allowing its corporate and SME customers to have full control of their accounts and to manage their corporate banking needs remotely without a need to visit any QIB branch.
The bank also took a proactive response to the economic implications of the pandemic especially on SMEs, immediately postponing financial installments for SMEs and taking part in the Covid-19 National Response Guarantee Programmes.
Tarek Fawzi, general manager – Wholesale Banking Group, said: “We are pleased to receive this prestigious award from The Asian Banker, which reflects the hard work and dedication of our bank to support the growth of SMEs in Qatar.
“We are committed to continue evolving our digital channels to meet our customers’ growing expectations, and we thank our loyal customers for choosing QIB as their preferred bank and for demonstrating their trust in our services.”
QIB’s business strategy is closely tied with Qatar’s National Vision 2030 and the government’s commitment to investing in the country’s infrastructure, the diversification of the economy, and the development of a strong private sector.
In recent years, QIB has strengthened its partnership with Qatar Development Bank to support SME’s and entrepreneurs, which are instrumental in bringing innovation to the country.
The Asian Banker, a leading international provider of strategic intelligence on the financial services industry, recognises outstanding institutions in financial services that demonstrate a long-term sustainable franchise leading to a consistent and profitable performance. It recognises financial institutions for their vision, execution capabilities, and market-leading propositions that make a real impact on the financial sector and its consumers.