tag

Sunday, October 25, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "Qatar Islamic Bank" (9 articles)

Gulf Times
Business

QIB introduces travel booking experience through mobile app

 Qatar Islamic Bank (QIB) in partnership with Unravel, the world’s first video commerce platform for travel and lifestyle, has introduced an innovative travel discovery and hotel booking experience for QIB cardholders directly through the QIB Mobile App. QIB cardholders will benefit from exclusive member rates, a best price guarantee, and access to dedicated 24x7 customer service through WhatsApp and e-mail.  Through the new service, QIB Debit and Credit cardholders are able to discover and book more than 3.5mn hotels worldwide, combining immersive short-form video content with AI-powered travel planning and an integrated booking experience. QIB is the first bank in Qatar to introduce a highly engaging travel platform to its customers through the QIB Mobile App.  The new experience allows customers to explore hotels through video content, receive personalised travel recommendations based on their preferences, and complete their bookings seamlessly without leaving the QIB Mobile App.  Designed to provide customers with greater convenience and choice, the platform also includes travel filters tailored to different customer preferences, supporting customers in planning family leisure travel.  D Anand, QIB’s general manager, Personal Banking Group, said: “We continue to expand the capabilities of the QIB Mobile App by introducing services that respond to our customers’ evolving needs and lifestyles. Our partnership with Unravel allows us to offer QIB cardholders exclusive hotel rates and a convenient way to discover, plan and book their travel within the same trusted digital environment they already use for their everyday banking needs. This addition reflects our continued commitment to enhancing the customer experience and providing greater value through innovative digital solutions.”  Vijay Anand, founder and CEO of Unravel, said: “We are delighted to partner with QIB to bring Unravel’s travel experience to Qatar for the first time. By combining immersive video discovery, AI-powered planning and an extensive global hotel offering, we are creating a more intuitive way for customers to move from travel inspiration to booking. QIB’s strong focus on digital innovation and customer experience makes it an ideal partner as we expand our presence in the region.”  Unravel’s platform combines short-form video travel discovery with AI-enabled planning and access to accommodation across more than 190 countries. Through the partnership, QIB cardholders will have access to more than 3.5mn properties, with support available before, during and after their trips. 

Gulf Times
Business

QIB announces two new Misk Account millionaires

 Qatar Islamic Bank (QIB) has announced two new millionaires of the ‘9th Misk Account’ edition, reaffirming its ongoing commitment to rewarding responsible saving and empowering customers across Qatar. Amal Hassan al-Khulaifi and Ibrahim Khalid al-Mohannadi won QR1mn each, following the grand prize draw held under the supervision of representatives from the Ministry of Commerce and Industry and QIB. The October draw marks the fifth millionaire announcement for 2026, with two more QR1mn winners still to be named throughout the year. On this ninth edition, the Misk Account offers the largest prize pool in the country, totalling QR26mn, with opportunities for 1,124 QIB customers to win. Most notably, the number of QR1mn grand prize winners has doubled this year to 12, with the millionaire draw now taking place every two months to announce two winners simultaneously. In addition to the grand prizes, six customers will win QR50,000 each every month, while 20 customers will win QR10,000 each week. To qualify for the QR1mn grand prize draw, customers are required to open a Misk Account at least three months before the upcoming grand draw month and maintain a minimum monthly balance of QR10,000. For every additional QR10,000 customers earn an extra chance to win. The prizes were received on behalf of the winners by their family members, with the son of Amal Hassan al-Khulaifi receiving the prize on her behalf, and a relative of Ibrahim Khalid al-Mohannadi receiving the prize on his behalf. Commenting on the occasion, they said: “The win came as an unexpected surprise to our families. We encourage customers to open a Misk Account and start saving for the opportunity to become one of the next Misk millionaires.” Congratulating the winners, D Anand, QIB general manager – Personal Banking Group, said: “We are pleased to congratulate our two new millionaires of the ninth Misk Account edition. The continued excitement around the Misk Account reflects its success in encouraging customers to make saving a sustainable habit while giving them rewarding opportunities throughout the year.  “With twice the number of millionaires in this edition and the largest prize pool in Qatar, we remain committed to creating greater value for our customers and supporting their financial aspirations.”Existing and new QIB customers can open a Misk Account easily through the QIB Mobile App. Upon opening the account, customers receive a free debit card, become eligible to request a free credit card (free for the first year) against their Misk Account balance, earn profits on their savings, and enjoy frequent opportunities to win cash prizes. 

Gulf Times
Qatar

QIB, Injaz Qatar partner to equip students with life, financial skills

 Qatar Islamic Bank (QIB) has continued its collaboration with Injaz Qatar, marking the third year of the ‘Life Skills Programme’ for preparatory school students in Qatar.The programme will continue to support Grade 7 and Grade 9 students, while also introducing Grade 8 students to practical financial concepts and digital banking through QIB Junior.  The initiative builds on the successful implementation of the programme during the 2025/26 academic year. QIB and INJAZ Qatar reached 25,084 Grade 7 and Grade 9 students across 77 preparatory schools, including 72 public schools and five private schools following the Ministry of Education and Higher Education curriculum. A total of 190 teachers delivered the programmes during the year.  During the previous academic year, an estimated 12,570 Grade 8 students participated in an interactive fintech activity developed with QIB’s support using a demonstration of QIB Junior.  As part of the continued collaboration, Grade 7 students will participate in ‘It’s My Business’, a programme designed to develop entrepreneurial thinking by helping students understand key entrepreneurial characteristics and apply them to developing their own business ideas. Grade 9 students will continue to participate in ‘It’s My Future’, which equips them with practical knowledge to prepare for the world of work, including career planning, personal branding, and the development of soft and technical skills.  Mashaal Abdulaziz al-Derham, assistant general manager, head of Corporate Communications & Quality Assurance at QIB, said: “We are pleased to continue our collaboration with Injaz Qatar and build on the positive impact achieved over the past two years.  “By supporting Grade 7-9 students and extending their learning experience, we equip the younger generation with practical life, entrepreneurial and financial skills that will help them make informed decisions and confidently prepare for their future. This initiative reflects QIB’s commitment to youth development and to supporting the objectives of Qatar National Vision 2030.”  Emad al-Khaja, CEO of Injaz Qatar, said: “We are delighted to continue our successful collaboration with QIB and build on the positive results achieved during the previous two years. QIB’s continued support enables us to provide students with engaging learning experiences that connect education with entrepreneurship, career readiness and financial awareness. Together, we remain committed to equipping young people in Qatar with the skills and knowledge they need to confidently navigate their future.”  The collaboration forms part of the three-year programme launched by QIB and Injaz Qatar under the supervision of the Ministry of Education and Higher Education. Since its launch, the initiative has focused on bridging classroom education with practical skills that prepare students for their academic, professional and financial futures. 

QIB's total assets stood at QR224bn in January-March 2026, representing a growth 5.9% on an annualised basis as financing and investing activities were the primary drivers for the asset growth
Business

QIB reports QR986mn net profit in Q1; assets grow 6% year-on-year

Qatar Islamic Bank (QIB) has reported net profit of QR986mn in the first three months of this year.Total assets stood at QR224bn in January-March 2026, representing a growth 5.9% on an annualised basis. Financing and investing activities were the primary drivers for the asset growth.Financing assets reached QR146.4bn, having grown by 11.1% against March 2025 levels. Investment securities reached QR60.7bn, surging 14% year-on-year.Customer deposits grew 5.4% year-on-year to QR140.7bn at the end of March 2026. Financing-to-deposit ratio was 95% at the end of March 31, 2026 compared with the Qatar Central Bank (QCB) maximum requirement of 100%, reflecting the bank’s strong liquidity position.Total income stood at QR2.71bn while net income from financing and investing activities was QR2.47mn in the first quarter (Q1) of 2026.Total general and administrative expenses stood at QR277mn in Q1-2026. The bank’s drive to improve the efficiency supported by strict cost management measures helped it to maintain the cost-to-income ratio at 17% in the review period, which is the lowest in the Qatari banking sector.QIB was able to manage the ratio of non-performing financing assets to total financing assets at 1.56%, one of the lowest in the industry, reflecting the quality of the bank’s financing assets portfolio and its effective risk management framework.QIB continues to pursue the conservative impairment policy by building precautionary impairment charge for financing assets, other assets and other provisions and maintain a healthy coverage ratio for non-performing financing assets at 95% at the end of March 2026.Total shareholders’ equity reached QR29.4bn in Q1-2026, an increase of 9.4% on an annualised basis. Total capital adequacy, under Basel III guidelines, was 22.9%, well above the regulatory minimum requirements prescribed by the QCB and Basel Committee.In March 2026, Capital Intelligence Ratings has affirmed QIB's long-term rating at ‘AA-’ with a stable outlook. 

The achievement positions QIB among the first banks in Qatar to have a fully certified Private Banking team, further reinforcing its commitment to offering world-class expertise and qualified advisory in international investments and securities
Business

QIB private banking team earns CISI certification in international investments, securities

Qatar Islamic Bank (QIB) has announced that its entire Private Banking team, along with members from the Product team, have successfully obtained the International Investments and Securities certification from the Chartered Institute for Securities & Investment (CISI).The achievement positions QIB among the first banks in Qatar to have a fully certified Private Banking team, further reinforcing its commitment to offering world-class expertise and qualified advisory in international investments and securities.The certification marks a significant milestone in QIB’s strategy to further elevate wealth advisory standards for high- and ultra-high-net-worth (HNWI/UHNWI) customers. It also underscores the Personal Banking Group’s commitment to strengthening its investment management and advisory capabilities, complementing QIB’s strong deposit franchise and paving the way for new avenues of sustainable growth.D Anand, general manager, Personal Banking Group at QIB, said: “This success belongs to the team. Our colleagues demonstrated exemplary teamwork, supporting one another throughout a rigorous process to ensure that everyone crossed the finish line together.“By building certified in-house wealth advisory and investment product management capabilities, the Personal Banking Group is now better positioned to serve our customers with greater depth, responsiveness, and insight.”The qualification assures HNWI and VHNWI customers that their portfolios are managed with discipline and in alignment with the highest global standards. QIB has proactively developed its Wealth Advisory and Investment Product Management capabilities to support the bank’s growth agenda across investment products, while maintaining a customer-first approach.Reaffirming its commitment to a prudent and Shariah-compliant wealth proposition, QIB continues to safeguard customers’ interests, strengthen governance, and drive sustainable growth. Building on its culture of collaboration and continuous learning, the bank will keep investing in certified human expertise and digital innovation to deliver superior client experiences and create long-term value for customers, shareholders and the wider community, in line with QIB’s business strategy, corporate governance and sustainability principles. 

Gulf Times
Qatar

QIB announces Mastercard international spend campaign draw grand winners

Qatar Islamic Bank (QIB) has announced the grand winners of its 2025 international spend campaign, recognising QIB Mastercard credit and debit cardholders who qualified during the campaign period.The draws were conducted electronically in the presence of representatives from the Ministry of Commerce and Industry (MoCI) and QIB officials. Four grand winners each received 1mn Absher points, and a total of 60 monthly winners each received 100,000 Absher points throughout the campaign, totalling 10mn loyalty points given away to a total 64 winners.Absher reward points can be redeemed for booking air tickets, including Qatar Airways, hotel rooms across the world, online shopping, redeem with other loyalty partners, pay for utility bills, top up for QIB prepaid cards.D Anand, QIB’s general manager – Personal Banking Group, said: “We congratulate our grand winners and all monthly winners of this year’s campaign with Mastercard. As our customers transact internationally, we remain focused on delivering market-leading rewards and seamless digital experience, ensuring greater value with every payment.”QIB’s Absher rewards programme allows customers to earn points across various banking activities, notably by using their debit and credit cards. Customers can then redeem Absher points for flight tickets, hotel stays, online shopping, and e-vouchers at various partners including supermarkets, cinemas, gift shops as well as food and transport apps.Absher points can also be used to settle bills with Ooredoo, Vodafone and Kahramaa, while they can also be converted to airline loyalty programmes including Qatar Airways Avios.QIB’s longstanding partnership with Mastercard continues to bring customers enhanced value, security, and convenience. Together, both entities remain committed to delivering innovative payment solutions that elevate the international spending experience and reward customers with greater benefits every day.Customers can apply for QIB credit cards instantly through the QIB mobile app. 


Rakesh Sanghvi, QIB Group Chief Risk Officer, receiving the award during the 2025 Business Continuity & Resilience 
Conference held in Doha.
Business

QIB wins ‘Most Effective National Recovery 2025’ award for exceptional organisational resilience

Qatar Islamic Bank (QIB) has been awarded the ‘Most Effective National Recovery 2025’ award in recognition of its outstanding ability in demonstrating sector-leading resilience, recovery capability, and operational discipline. The award was received by Rakesh Sanghvi, Group Chief Risk Officer, during the 2025 Business Continuity & Resilience Conference held in Doha. The national recognition reflects QIB’s robust crisis readiness, enhanced recovery mechanisms, and continued investment in resilient operations across the bank. Over the past year, QIB strengthened its enterprise-wide Business Continuity Management System, revamped its continuity governance model, advanced digital and payments resilience, integrated cyber and operational disruption readiness, expanded vendor continuity frameworks, and executed comprehensive recovery testing programmes. A key highlight of the year was the development of a comprehensive Geopolitical Response Plan, created in response to the evolving geopolitical environment in the region. QIB assessed multiple escalation scenarios, evaluated potential impacts on customer-facing services, digital channels, payments, and branch operations, and established tailored response and continuity plans for each scenario to ensure uninterrupted service to its customers. QIB’s achievements also included major improvements to crisis leadership preparedness, such as enhanced incident escalation and crisis communication mechanisms, upgraded recovery strategies for critical functions, and strengthened collaboration with regulators and critical infrastructure partners. These initiatives collectively elevated the bank’s resilience maturity and ensured a future-ready capability to sustain operations under complex disruption conditions. Sanghvi said: “This recognition reflects QIB’s strong commitment to safeguarding financial continuity in Qatar. Our Business Continuity and Operational Resilience teams have worked tirelessly to build a comprehensive, technology-enabled, and proactive resilience framework that protects our customers and supports national stability.” QIB remains committed to strengthening its operational resilience capabilities and contributing to the security, stability, and continuity of Qatar’s financial ecosystem. 


QIB’s ‘World Diabetes Day’ awareness initiative provided employees with practical tools for early detection and prevention.
Qatar

QIB observes ‘World Diabetes Day’ with employee awareness initiative

Qatar Islamic Bank (QIB), in collaboration with American Hospital Clinics, organised a staff awareness initiative to mark ‘World Diabetes Day’ at QIB’s head office, reinforcing the bank’s ongoing commitment to employees’ well-being and community health.Throughout the day, medical professionals from American Hospital Clinics provided blood glucose and blood pressure screenings, Body Mass Index (BMI) assessments, and on-the-spot consultations with specialised doctors to help employees understand risk factors and adopt healthier lifestyle choices. Participants received practical guidance on nutrition, physical activity, and preventive measures to support long-term health.Mashaal Abdulaziz al-Derham, assistant general manager – head of Corporate Communications & Quality Assurance at QIB, said: “At QIB, we are committed to creating a supportive and healthy workplace while contributing to the well-being of our colleagues and the wider community.“Our ‘World Diabetes Day’ awareness initiative provided employees with practical tools for early detection and prevention, and we thank American Hospital Clinics for their valuable partnership in delivering expert screenings and guidance.”QIB regularly partners with leading healthcare institutions to deliver evidence-based health activations for employees, including screening days, awareness sessions, and expert talks that support early detection and prevention. These efforts form part of QIB’s Corporate Social Responsibility programme and align with the pillars of Qatar National Vision 2030, promoting a healthy lifestyle and sustainable human development across the community.

Qatar Islamic Bank has achieved a new milestone by winning 17 prestigious accolades at Global Finance’s 2025 Digital Bank, AI & Innovation Awards “reinforcing its leadership” in innovation and digitisation.
Business

QIB bags 17 accolades at Global Finance’s 2025 Digital Bank, AI & Innovation Awards

Qatar Islamic Bank (QIB), country's leading digital bank, has achieved a new milestone by winning 17 prestigious accolades at Global Finance’s 2025 Digital Bank, AI & Innovation Awards “reinforcing its leadership” in innovation and digitisation.The recognition spanned across corporate, consumer, AI, and innovation global, regional and local categories, highlighting QIB’s leadership and prominent position within the banking sector globally.At the ceremony held recently in London, QIB was honoured as the Best Personalised Financial Advice Consumer Banking in the World in the Global AI in Finance Awards category, recognising the bank’s position at the forefront of AI-driven banking innovation in the region and beyond.Additionally, QIB won four accolades; Best Consumer Bank in AI and Best Personalised Financial Advice, both in Qatar and in the Middle East, in acknowledgement of QIB’s advanced AI-driven capabilities that deliver secure, intelligent, and customer-focused financial services.With a clear focus on delivering smarter, more intuitive digital experience, QIB has been systematically embedding artificial intelligence across its operations to anticipate customer needs, elevate service quality, and drive sustainable growth. QIB’s AI strategy goes beyond personalisation.By integrating AI into areas such as fraud detection, process automation, and digital onboarding, the bank has significantly improved operational efficiency, enhanced security, and reduced its reliance on traditional, paper-based workflows.These advancements reflect QIB’s commitment to responsible AI innovation that aligns with the objectives of Qatar National Vision 2030.In the Consumer Banking category, QIB was celebrated as Most Innovative Digital Bank in Qatar and the Middle East, Best in lending and Best Online Product Offerings in Qatar, affirming the bank’s consistent efforts to boost customer engagement and satisfaction through exceptional service and pioneering digital solutions.In the Corporate Banking category, QIB was recognised with multiple prestigious accolades at both the regional and local levels, being named the Best Mobile Banking App, Most Innovative Digital Bank, and Best Online/User Experience (UX) Portal in Qatar and the Middle East.The bank was also honoured with the Best SME Banking Platform in Qatar, reaffirming its commitment to empowering businesses through innovative, user-centric digital solutions. These recognitions highlight QIB’s continuous efforts to enhance customer experiences and set new benchmarks in digital banking.Moreover, QIB was named among the Top Innovators in Qatar, which is telling about its continuous drive to push the boundaries of digital transformation in the financial sector.QIB’s Group CEO Bassel Gamal commented: “We are happy to be recognised by Global Finance. These accolades mirror our efforts and commitment to investing in technology and innovation to provide secure, convenient, and customer-centric digital solutions. They also underscore QIB’s leading role in shaping the future of digital banking in Qatar and beyond.“On this occasion, I would like to thank the Board of Directors for their continuous support, Qatar Central Bank for its ongoing encouragement of innovation and digital transformation, and each one of our team members for their exceptional performance and dedication.”Global Finance World’s Best Digital Awards are widely regarded as on the most prestigious in the global banking industry and are seen as an endorsement of excellence and best practices.They recognise institutions that demonstrate exceptional performance, innovation, and leadership across different consumer sub-categories including Best User Experience (UX) Design, Best Mobile Banking App and Best Innovation and Transformation.