QIB recognised at 'Arab Best Award 2017'

03/12/2017 08:20 AST

Qatar Islamic Bank (QIB) has received two awards from the 'Arab Best Award 2017' in a ceremony held recently in Morocco, according to a statement.

QIB was recognised as 'Best Management Team in Banking and Financial Services in the Arab World for 2017', while QIB Group CEO Bassel Gamal was ranked seven amongst the 'Best 100 Arabian CEOs' and number No 1 across the banking sector, according to the published ranking.

The 'Arab Best Award' was launched in 2016 to recognise the best in the Arab world in leadership, business and community, and sports.

The awards committee recognised QIB's efforts in establishing itself as a leading banking institution in the region, while cementing its position in its home market, Qatar. QIB has demonstrated steady financial growth over the past few years and has been setting a benchmark for Islamic banks in the region by embracing cutting-edge banking technologies and its customer-centric approach that guides the design of its Shariah-compliant products and services.

This strategy is guided by the Qatar's National Vision 2030 and implemented by a team of highly-skilled and dedicated employees, QIB said.

"The awards are a testament to both QIB's efforts in providing a comprehensive portfolio of banking services and to the strength of the banking sector in Qatar," said Gamal. "We are pleased for this recognition, which is the result of our customer's trust and loyalty, the wise leadership of our board of directors, and the commitment of all our employees to deliver the highest standard of banking services," he added.

Since 1982, QIB has been an active contributor to Qatar's banking industry and has been the recipient of internationally-acclaimed banking awards from Global Finance and The Banker, among others.

Recently, QIB recorded a 10.6% year-on-year growth in net profit to reach QR1.77bn in the first nine months of 2017.

QIB's total assets increased by 11% compared to September 2016 and 7% compared to December 2016, and now stands at QR149bn, driven by growth in the investing and financing activities.

Gulf Times