Posted on April 10, 2011
International Islamic (QIIB) has been chosen the “Best straight through processing bank in Qatar” by the Deutsche Bank. The award was handed over to International Islamic by Deutsche Bank executives at a ceremony held at the QIIB headquarters at the Grand Hamad Street in Doha.

The award was received on behalf of International Islamic by deputy CEO, Jamal al-Jamal from Sumit Roy, director - remittances (Deutsche Bank, Persian Gulf) and Saurabh Khan, director – remittances (Deutsche Bank, New York). QIIB assistant general manager (operations), Ali Hamad Fadala; first manager (central operations) Asim Mahmoud; and manager (operations) Ahmed Ballan were present.


Receiving the award, Jamal said he was happy to receive the STP performance award from the Deutsche Bank. “At International Islamic, we give top priority to properly training our staff and equipping our systems in line with STP requirements. Our team deserves praise for its performance in this area,” Jamal said. He said International Islamic has been recognised for its excellence in formatting payments. Proper formatting of payments is important because it ensured the payments went directly, facilitating timely delivery to end customers.


Jamal said clients’ interest is paramount to International Islamic. Offering efficient and reliable banking is central to the bank’s operations. The bank has invested significantly in processes and systems to ensure this. By providing efficient, reliable and speedy services to customers, International Islamic is contributing to the national economy, Jamal added.
On his part, Roy said the straight through processing procedures adopted by International Islamic ‘matched the best’ in the world. “We deal with International Islamic on a permanent basis. We appreciate the efficiency with which International Islamic responds to the standards that are required in the banking business, particularly in the area of payments,” Roy said.


Roy hoped the relationship between Deutsche Bank and International Islamic would further strengthen, which would enhance the level of services they provide to their customers and boost the business environment in the countries where they operate.

source: Gulf Times

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