• QIIB receives the ‘Strongest Islamic Retail Bank in Qatar 2019’ and ‘Most Innovative Islamic Retail Bank in Qatar 2019’ from Islamic Retail Banking Awards (IRBA) Committee in collaboration with the University of Cambridge.

• Jamal al-Jamal: The two awards recognise the international Islamic efforts and their success in providing value-added products and services

QIIB received the ‘Strongest Islamic Retail Bank’ and the ‘Most Innovative Islamic Retail Bank in Qatar Awards 2019’, which are prestigious awards granted annually by the Islamic Retail Banking Awards (IRBA) Committee in collaboration with the University of Cambridge to leading banks in the Islamic finance sectors.

On this occasion, the Committee noted that the Bank deserved to win the awards "for its leading role in the banking and Islamic finance sector, its achievements, outstanding performance, strong financial position, comprehensive services to customers, ability to keep abreast of the latest achievements of financial technology and continuous innovation in products and services.”

The committee opined that the Bank is also recognised as an important Islamic banking institution in Qatar and the region.

Mr. Jamal Abdullah al-Jamal, QIIB Deputy CEO, received the awards during a ceremony held in the Omani capital, Muscat.

The event saw a large attendance including representatives of more than 200 regional and international financial institutions as well as representatives of the financial and business sector.

Commenting on QIIB winning the ‘Strongest Islamic Retail Bank’ and the ‘Most Innovative Islamic Retail Bank in Qatar’ awards, Mr. Jamal al-Jamal said, “We are proud to be selected as the strongest Islamic retail bank and the most innovative Islamic bank in Qatar for 2019. This is an important indicator of how close we are to meeting our customers' expectations in a suitable manner. We are always keen to meet our customers’ expectations and earn their loyalty. We always strive to provide them the most appropriate banking services through all our channels”.

He said, "Winning these two prestigious awards is a recognition of our continuous efforts to develop our retail portfolio, create value-added products and provide the best Shariah-compliant banking services to our customers."

“The quality and diversity of QIIB’s integrated services resulted in the substantial and continuous growth of our customer base. We have responded in a timely manner to this growth by restructuring our local branch network, providing efficient and sophisticated alternative channels and keeping abreast of the latest developments and banking technologies globally”.

Mr Al-Jamal noted that QIIB won these prestigious awards after being globally recognised for its strong position.

Fitch Ratings affirmed the bank’s rating at ‘A’ with a stable outlook, while Moody's affirmed its rating at ‘A2’ with a stable outlook.

The Deputy CEO noted, “QIIB’s strong financial position and high rating is primarily due to the fact that it is part of the Qatari economy, which is one of the strongest economies in the region and one of the best performing, growing and competitive economies at the global level”.

Mr Al-Jamal expressed confidence that QIIB will continue to perform well and develop various services and products designed to meet the needs of its retail or corporate customers while adhering to the best international standards in the banking sector.

QIIB was established in 1990 as the second Islamic bank in the State of Qatar and is currently the third largest Islamic bank in terms of assets and market value. QIIB began its operations in 1991 and is listed on the Qatar Stock Exchange.

The Bank provides integrated banking services to its clients through a network of branches across Qatar and has diversified its regional and international partnerships. The Bank has been bestowed with many awards for its achievements and distinguished performance.