QIIB received the ‘Strongest Islamic Retail Bank’ and the ‘Most Innovative Islamic Retail Bank in Qatar Awards 2019’, which are granted annually by the Islamic Retail Banking Awards (IRBA) Committee in collaboration with the University of Cambridge.
IRBA noted that QIIB 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.
QIIB deputy CEO Jamal Abdullah al-Jamal received the awards during a ceremony held in Muscat recently.
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”.
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”.
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.