Qatar’s first Islamic financial institution, Qatar Islamic Bank (QIB) has been recognized as the Best Performing Bank in Qatar for 2021 by The Banker Magazine, part of the Financial Times group, based on its 2020 financial results and key performance indicators.
The rating of QIB shows its strong performance and stability, as well as its capacity to preserve business continuity in the face of the COVID-19 pandemic, and its long-standing position as Qatar’s largest private bank, the country’s largest Islamic bank, and a regional leader in Islamic banking.
The Banker is a British English-language monthly international financial affairs publication owned by The Financial Times. It is the world’s premier banking and finance resource, read in over 180 countries, and is the key source of data and analysis for the industry.
Bassel Gamal Group CEO – QIB
“We are pleased that the Bank’s exceptional performance has been recognized by The Banker Magazine. It reflects QIB’s sustainable business growth and sound financial performance and comes at a time that we have signified our customer-centric approach by supporting all our individual, SMEs, and corporate customers to navigate through the financial hurdles imposed by the global pandemic. At QIB, we are committed to keep on contributing to the evolution of the banking industry in Qatar with innovative digital-driven products and sustainable banking solutions.”
According to the statement, the Banker’s Best Performing Bank selection and rankings comprise eight different categories and they are growth, profitability, operational efficiency, asset quality, return on risk, liquidity, soundness, and leverage.
Recently, QIB’s mobile app was honored as the “Most user-friendly mobile banking solutions in Qatar” by the International Finance Magazine, a London-based global financial publication. The app uses a user-friendly “step-by-step” approach with improved navigation to provide quick and complete access to the QIB’s digital services.
