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.