Posted on February 27, 2020

Qatar Islamic Bank (QIB) has been recognized as the “Digital Bank of the Year” in Qatar by The Asset Triple A, organized by The Asset Magazine, a leading financial publication in Asia-Pacific. QIB was also recognized for revolutionizing the mobile banking experience in Qatar and was awarded the “Best Mobile Banking Application”.

The awards reflect QIB’s continuous efforts to develop its product suite and create innovative financial solutions to meet the ever-changing needs of its customers in Qatar. QIB has been at the forefront of digital banking, transforming the Bank’s personal and corporate banking products, ultimately redefining banking habits in the country. 

Mr. Bassel Gamal, QIB’s Group CEO, said: “We are pleased to be recognized for our work on digitalizing, simplifying and personalizing the banking experience for our existing and prospective customers. Recognizing the importance of technology for the future of banking, with the support of our Board of Directors, we are implementing a bank-wide digital transformation. Our primary objective is to improve the customer experience, simplify the bank’s offerings and contribute positively to the bank’s profitability and efficiency. Being recognized as the “Digital Bank of the Year” and “Best Mobile Banking Application” is a testament to the strengths of our diverse team and our ability to deliver innovative financial solutions to our customers.”

He added: “At QIB, we put our customers first. The confidence that our customers have in us drives us to excel and to continuously improve and simplify the way they can perform their banking transactions. We’re proud to be recognized by the prestigious The Asset Magazine and represent Qatar in the international banking arena.”  In the past years, QIB embarked on a digital transformation program to keep up with the banking trends that are shaping the customers’ fast-evolving digital expectations. The Bank has showcased its commitment to champion the digitalization of banking products and services in Qatar, by delivering innovative banking solutions that meet and exceed customers’ expectations.

New customers digital on-boarding, instant financing, instant credit card issuance, Visa transaction control features and instant Takaful Policies issuance, are some examples of first-to-market capabilities brought to Qatar on QIB’s award-winning Mobile Banking app. Additionally, to provide customers with an easy, secure and convenient banking experience, QIB recently upgraded its personal and corporate online platforms, giving customers access to manage the majority of their daily banking needs without the need to visit a branch.

Recently, QIB launched several new products in order to provide a full package of financial solutions and services to its corporate and SME clients. These include Merchant Acquiring Services (POS), an online Wages Protection System (WPS) for the automatic processing of monthly payrolls, as well as a new co-branded Corporate Credit Card in collaboration with Ooredoo.

The Asset Triple A Digital Awards recognize financial institutions and technology firms that have excelled in innovating and developing a unique digital experience for customers across the Asia-Pacific and Middle East regions. The Asset Triple A Awards has been built upon a stringent methodology, combined with the rigorous approach to the selection of the winners of the coveted Triple A Awards. The awards are adjudicated by The Asset’s board of editors who collectively have several decades’ worth of experience evaluating industry awards in the Asia-Pacific and the Middle East.