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Qatar Islamic Bank (QIB) has successfully participated in the ‘BIG Quantum Hackathon Qatar 2025’, a national event organised by the Ministry of Communications and Information Technology (MCIT). The event was hosted by Hamad Bin Khalifa University (HBKU), sponsored by the Ministry of Defence (MoD), and supported by knowledge partners QuantX and Boston Consulting Group (BCG).Bringing together major entities and leading organisations across key sectors, the hackathon represents an important milestone in advancing Qatar’s capabilities in quantum technologies and accelerating the country’s digital transformation journey.As part of the challenge structure, each participating organisation developed a real-world use case relevant to its industry. QIB’s Data Science & AI team mentored a group of students participating in a hackathon on a pioneering AI use case titled ‘Enhanced Retail Credit Risk Scoring using Quantum Machine Learning (QML)’.The team demonstrated the potential of quantum-based algorithms to enhance credit evaluation models, improve risk segmentation accuracy, and unlock more efficient and data-driven decision-making. Over the coming years, emerging quantum capabilities are expected to complement traditional modelling techniques.By integrating QML into their risk assessment pipelines, financial institutions will gain a competitive edge through more accurate, fair, and explainable credit decisions. Constantinos Constantinides, QIB Chief Strategy and Digital officer, said: “Exploring the potential of quantum technologies is a natural extension of QIB’s strategy to strengthen our digital and Artificial Intelligence capabilities.The BIG Quantum Hackathon enabled our teams to work closely with emerging quantum tools and evaluate their long-term relevance to financial services.” Held for the first time in Qatar, the BIG Quantum Hackathon introduced practical applications of quantum computing across finance, energy, telecom, aviation, and defence.The event enabled cross-sector collaboration, knowledge exchange, and hands-on experimentation with next-generation quantum platforms. It also supports Qatar’s vision to build a strong and sustainable technological ecosystem aligned with Qatar National Vision 2030.

Qatar Islamic Bank (QIB) has been recognised with three prestigious awards at The Asset Triple A Islamic Finance Awards 2025.The bank was awarded ‘Best Islamic Bank for Digital Innovation’, ‘Best Islamic Digital Banking Solution for Car Financing’, and ‘Best Islamic Digital Banking Solution for Financial Inclusion’, reaffirming its continued leadership in digital banking.With over 83% of QIB’s retail customers now actively using the bank’s digital channels, and 99% of financial transactions completed digitally, the Bank continues to lead the industry in digital adoption.Recognised as the ‘Best Islamic Bank for Digital Innovation’, QIB has set a benchmark in digital banking through its mobile-first strategy and continuous enhancements to the award-winning QIB Mobile App.Now offering more than 320 integrated features, the QIB Mobile App enables customers to access a wide range of retail banking services, including real-time onboarding, instant personal finance, credit card issuance, and more.Additionally, this recognition highlights QIB’s customer-centric approach and commitment to enabling the bank’s corporate customers. Through a suite of tailored, Shariah-compliant digital solutions, including digital onboarding, Corporate Internet Banking, the QIB Corporate App, and co-branded credit cards with Ooredoo, QIB has simplified business banking.The bank also offers a comprehensive range of payment services, such as POS terminals, Payment Gateway, and QIB SoftPOS App, empowering SMEs to manage finances, improve liquidity, and scale sustainably.The ‘Best Islamic Digital Banking Solution for Car Financing’ award recognises the QIB Auto Marketplace, the first fully integrated, in-app car purchase and financing platform in Qatar. Accessible exclusively through the QIB Mobile App, the Marketplace features a diverse and growing selection of renowned automotive brands through an expanding network of dealer partners, enabling customers to browse vehicles, compare options, book test drives and complete financing applications digitally, delivering a fast, transparent and truly branchless journey from selection to ownership.The award for ‘Best Islamic Digital Banking Solution – Financial Inclusion’ acknowledges the QIB Lite App, Qatar’s first simplified, multilingual mobile banking experience tailored to underserved communities. Available in eight languages, QIB Lite offers a seamless, branch-free journey and enables quick self-registration, instant payments, affordable transfers, bill settlement, and intuitive account and card management. With an instant Salary Advance available for eligible customers, QIB Lite reflects the bank’s commitment to inclusive innovation and empowering every customer to manage their finances with ease and confidence.Constantinos Constantinides, QIB Chief Strategy & Digital officer, said: “We are pleased to receive these awards from the Asset, which reaffirm our leadership in digital innovation and our commitment to inclusive, customer-centric banking.“Building on the trust of our customers and the dedication of our team, we continue to expand access and deliver secure, smarter ways to bank through the QIB Mobile App, Corporate App and QIB Lite App, inviting our customers to expect more from QIB as we continually elevate their digital banking experience.”Marking its 25th anniversary, the Asset Triple A Islamic Finance Awards is highly regarded within the financial sector as one of the most prestigious recognition programmes, celebrating institutions that exemplify outstanding performance in Islamic banking.For further information, visit www.qib.com.qa

Qatar Islamic Bank (QIB) has been named ‘Islamic Bank of the Year in Qatar’, ‘Best Islamic Retail Bank in Qatar’, ‘Best Islamic SME Bank in Qatar’, and ‘Islamic Wealth Management of the Year in Qatar’, at The Asset Triple A Islamic Finance Awards 2025, underscoring its continued leadership across all banking segments.QIB was recognised as ‘Islamic Bank of the Year in Qatar’ for its strong financial performance, market leadership, and innovation. In the first nine months of 2025, the bank delivered a net profit of QR3.45bn in the nine months of 2025, representing a growth of 5.38% over the same period in 2024 and maintaining nearly half of the Islamic banking market share, underscoring its disciplined strategy and focus on sustainable growth.The bank was also awarded the ‘Best Islamic Retail Bank in Qatar’, reflecting its exceptional performance and commitment to customer service. Over the past year, QIB has made remarkable progress in enhancing its digital offerings, revolutionising both customer interactions and internal operations.The bank’s relentless focus on digitalisation has resulted in significant benefits for its diverse stakeholders. Over 83% of customers now bank digitally, and more than half of retail sales are completed via the award-winning QIB Mobile App. With over 320 integrated features, the app enables seamless onboarding, financing, card issuance, and lifestyle services, including the Marketplace and Auto Marketplace, Qatar’s first digital platforms offering customers services beyond traditional banking. Innovations such as the Click-to-Pay service and the Carbon Emission Tracker reflect QIB’s commitment to digital inclusion and climate-conscious banking.The accolade of ‘Best Islamic SME Bank in Qatar’ highlights QIB’s customer-centric approach and commitment to enabling Qatar’s small and medium-sized enterprises. Through a suite of tailored, Shariah-compliant digital solutions, including digital onboarding, Corporate Internet Banking, the QIB Corporate app, and co-branded credit cards with Ooredoo, QIB has simplified business banking. The bank also offers a comprehensive range of payment services such as POS terminals, Payment Gateway, and QIB SoftPOS, empowering SMEs to manage finances, improve liquidity, and scale sustainably.The ‘Islamic Wealth Management of the Year in Qatar’ highlights QIB’s ability to offer highly personalised, relationship-led services rooted in Islamic principles. Each customer benefits from a dedicated relationship manager who crafts tailored financial strategies aligned with personal goals and risk tolerance. The bank offers a full suite of services, including bespoke investment solutions, financing, estate planning, and exclusive access to premium investment opportunities.Bassel Gamal, QIB Group CEO, said: “We are pleased to receive these awards, which reflect our commitment to growth, innovation, and customer empowerment. Supported by our strong financial performance in the first nine months of 2025, these recognitions are a testament to the dedication of our team to deliver world-class Shariah-compliant solutions, the support of our board of directors, as well as the trust and loyalty of our customers.”Marking its 25th anniversary, the Asset Triple A Islamic Finance Awards is highly regarded within the financial sector as one of the most prestigious recognition programs, celebrating institutions that exemplify outstanding performance in Islamic banking.

Qatar Islamic Bank (QIB) has made enhancement to its flexible certificate of deposits (Flexi CD), aligning the offering with sustainable finance principles to support green and socially responsible projects.The enhanced Flexi CD continues to offer attractive returns and flexibility while contributing to a positive environmental and social impact.Funds invested in Flexi CD will now be directed towards financing sustainable initiatives – including clean energy, pollution control, green buildings, education and healthcare; thus, offering customers a way to grow their savings, while supporting a sustainable future.Flexi CD is a flexible investment ‘Mudaraba’ product, allowing retail customers to collect profits at the end of each quarter and make early and partial redemptions during the tenor of the deposit.In the event of early redemption, the remaining balance will continue to earn the same expected profit rate. These certificate of deposits can be booked instantly and securely through the QIB mobile app.Flexi CD holders can apply for financing up to 100% of the deposit value, with a financing tenor equivalent to the CD maturity. The minimum subscription is QR100,000 or $25,000.Flexi CD is designed to promote long-term savings and offer attractive annual returns based on currency and tenor. They are available in both Qatari riyal and US dollar, with 1, 2, or 3-year tenors."The enhanced Flexi CD allows customers to grow their savings while contributing to sustainable development, aligning with our long-term commitment to responsible banking. This move is a natural progression of our product strategy meeting the evolving expectations of our stakeholders. It reflects QIB’s role as a forward-thinking financial institution committed to driving positive change," said D. Anand, QIB’s General Manager – Personal Banking Group.

QIB Group CEO Bassel Gamal has been recognised in Forbes Middle East’s ‘Sustainability Leaders 2025’, a list celebrating executives who are advancing sustainability across the region’s largest companies.The achievement underscores the bank’s dedication to environmental management, robust ESG commitments, and innovative sustainability initiatives, affirming its influential role in promoting positive environmental impact and sustainable practices.QIB’s recognition aligns with the bank’s ongoing commitment to its ESG strategy, which includes the introduction of innovative, Shariah-compliant solutions and tools that empower customers and businesses to make more sustainable choices.This year’s Forbes Middle East list features 126 leaders across 15 industries, underscoring how sustainability is shifting from pledges to measurable action across the region. In the banks category, Gamal was recognised among the Middle East’s top 10 leading executives within the banking industry, affirming QIB’s leadership in sustainable finance and responsible banking.Gamal said, “We are pleased to be recognised by Forbes Middle East as a sustainability leader, reaffirming our strong commitment to environmental and social responsibility. This distinction validates our dedication to sustainability through tangible initiatives and recent milestones.“Our core strategy integrates sustainability into our business operations, rooted in our Islamic values and heritage. Over the past year, we have accelerated the integration of ESG principles across our organisation, aligning closely with Qatar National Vision 2030, Qatar Central Bank’s ESG & Sustainability Strategy for the Financial Sector, the National Environment and Climate Change Strategy, and global best practices. This commitment strengthens our brand and enhances our financial resilience and long-term value for all stakeholders.”Recent QIB milestones include being the first bank in Qatar to adopt the Equator Principles, which has led the bank to embed a robust ESG Risk Assessment process in its credit review for all new finance requests. The bank has launched a sustainable deposit for institutional and corporate customers, which is in turn tagged to its sustainable asset portfolio. This product is aligned with QIB’s Sustainable Products Framework – guiding green and social financing.QIB has further introduced a carbon emissions tracker in the QIB Mobile App — Qatar’s first of its kind to help retail customers monitor the carbon footprint of their card transactions and encourage environmentally responsible purchasing behaviour through tailored sustainability tips. Additionally, QIB has collaborated with DHL to help lower its logistics emissions under the GoGreen Plus flagship, introduced a range of eco-friendly cards made from recycled plastic, and accelerated its shift to paperless banking through e-statements, digital onboarding, and smart printing.QIB’s current sustainability-related initiatives are aimed at embedding the assessment of climate risks within its risk management processes, leading to the evaluation of the potential impact of climate-related physical and transition risks on its wholesale banking portfolio, as per the guidelines laid down in Qatar Central Bank’s ESG Supervisory Principles for Banks.Forbes Middle East has unveiled its 2025 Sustainability Leaders list, spotlighting organisations across the Middle East that are driving measurable progress toward sustainable business goals. The evaluation considered demonstrable environmental impact, adherence to ESG principles, transparency, collaboration, initiatives delivered over the past year, and credible net-zero roadmaps. Within banking and financial services, the methodology placed particular emphasis on advancing sustainable finance.