Posted on October 18, 2016

Qatar Islamic Bank (QIB), Qatar’s leading Islamic bank, was recently recognized by Global Finance as the ‘Best Islamic Retail Bank’ in the world for the first time since its foundation. The Bank also received the ‘Best Islamic Bank’ in Qatar, its home country.

The awards were given on the strength of QIB’s financial performance, its embrace of cutting-edge banking technologies, and its customer-centric approach to both its product offering and the overall banking experience it offers. The awards ceremony was part of the annual meeting of the IMF and the World Bank held in Washington DC with Mr. Bassel Gamal, Group CEO at QIB, heading the Bank’s delegation. This global award is a testament to the prominent position that QIB holds in the local and international Islamic finance world.

“Islamic Banks have established themselves as key players in the financial world, and as one of the leading Banks in Qatar, it was important for QIB to participate at the IMF and the World Bank annual meeting,” said Mr. Bassel Gamal, Group CEO at QIB. “We were also presented with the “Best Islamic Retail Bank in the World” and “Best Islamic Bank in Qatar” awards which are a testament to our on-going commitment to serving our customers and providing them with solution-driven and innovative products and services.”

Each year, the Global Finance magazine, a respected source of news in the finance industry for global and emerging markets, releases its list of the Best Islamic Finance Institutions in the World. To select each year’s winners, the editorial team of Global Finance confers with industry experts, assesses financial performance metrics, in addition to certain criteria such as a bank’s reputation and customer satisfaction. The goal of the assessment is to identify institutions that dependably meet their clients’ needs while further promoting the development of Islamic finance. The result is a distinguished list that includes the banks with which customers around the world prefer to do business with.