Posted on October 17, 2018

Qatar Islamic Bank (QIB) continues to win prestigious awards that confirm its leading position in Qatar's and the region's financial markets. QIB took center stage at the annual Global Finance Magazine Awards, where it won six major awards, including Best Islamic Financial Institution in Qatar and the Middle East.

The awards were received by Mr. Bassel Gamal, Group CEO of QIB, at an awards ceremony during the recently concluded annual meetings of the IMF and the World Bank held in Bali, Indonesia.

QIB was recognized by Global Finance after a detailed assessment from international bankers, corporate finance executives, financial analysts, and consultants. Criteria include corporate governance, new business development, innovation in products, and client satisfaction. QIB winning six awards from Global Finance reaffirm the Bank’s progress during the past few years in establishing itself as a leading banking institution in the Middle East while contributing to the stability and strengthening of Qatar’s economy, despite regional and global economic challenging times.

After the extensive evaluation process, Global Finance found QIB entitled to the following six awards: Best Islamic Financial Institution in the Middle East 2018 award, Best Islamic Financial Institution in Qatar 2018 award, Best Global Islamic Financial Institution for Large Corporate 2018 award, Best Global Islamic Project Finance Provider 2018 award, Best Global Real Estate Deal of the Year 2018 award, and Best Global Sukuk Deal of the Year 2018 award. Commenting on the awards, Mr. Bassel Gamal Group CEO of QIB said: "It's a great honor for QIB receiving these awards from Global Finance, most of them for a second consecutive year. This recognition mirrors QIB's significant progress in so many different fronts. The common denominator in all these awards is our constant commitment to serve the best interest of our shareholders and our customers, which in turn inspires QIB employees on producing innovative sharia-compliment products and services. "

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"QIB’s success derives from the strategic vision of our Board of Directors, and the focused implementation of our business strategy. Another key factor contributing to our growth is the strength of the Qatar banking sector and the economy overall. Our strategy is closely tied with Qatar’s National Vision 2030 and the Government’s commitment to investment in the country’s infrastructure, the diversification of the economy, and the development of a strong private sector" Bassel Gamal added. QIB demonstrated steady financial growth for the past five years and has been setting a benchmark for the Islamic Financial Industry with its efforts in finding innovative Sharia compliant financial solutions. The Bank has a customer-centered approach to enhance the overall banking experience offered through its branch network and its innovative digital channels.

The Global Finance magazine, headquartered in New York, is a reputable source for developments in the financial industry. Focusing on global and emerging markets, every year it releases a list of the Best Islamic Finance Institutions in the World. To select the winners, the editorial team of Global Finance confers with industry experts, assesses financial performance metrics, and factors in additional criteria such as a bank's reputation and customers satisfaction. The objective of this yearly assessment is to identify institutions which consistently meet their customers' needs while promoting further the development of Islamic finance. The result is a distinguished list of institutions which includes the banks with which customers around the world prefer to do business with.