Qatar’s prominent Islamic bank QIIB recently welcomed a group of students from the Omani University of Buraimi, as part of an “educational and familiarisation tour” to a number of universities and institutions in Qatar.
QIIB chief executive officer Dr Abdulbasit Ahmed al-Shaibei met the Omani delegation along with members of the bank’s executive management team.
The CEO welcomed the Omani delegation and expressed his delight to receive the student delegation from the Sultanate of Oman, and stressed on the importance of exchanging educational visits and acquiring experiences in the field of banking.
He said, “The brotherly relations between Qataris and Omanis will help better interaction in various fields. There is no doubt that the role played by various institutions, such as banks, universities, and schools, is an important and effective role to strengthen ties, labour relations and co-operation for the benefit of citizens in the two countries".
Dr al-Shaibei briefed the students about QIIB and its journey in the banking sector since its establishment more than 25 years ago. The period had seen the bank achieving many milestones and keeping pace with the Qatari economy, which is rapidly and consistently growing and has become one of the most important and most competitive economies in the world
"The role of QIIB goes beyond achieving profits as it seeks to support development. The bank contributes to the financing of various sectors and projects that provide added value to the society. QIIB also contributed to the development of Islamic banking and in promoting innovation through its products and services, as well as to the achievement of similar successes outside Qatar,” the CEO noted.
QIIB CEO hoped that "bridges of communication and co-operation will be strengthened, and similar visits from Al-Buraimi University students to the bank will be frequent, which will benefit the students and the university and encourage the various institutions to initiate partnerships that serve all those concerned."
The visit of the students’ delegation from the University of Buraimi included discussion with a number of QIIB executives, during which various aspects of Islamic banking, achievements and challenges at the global level, confidence Islamic banking enjoys as a result of adopting ethical principles and relying on real transactions and assets, away from consumer finance and quick profits, were dealt with.
Besides being profitable, Islamic banks’ focus on financing development, which provides value addition to the society and promotes holistic development that serves the interest of the largest possible segment of the society.
The need for academic institutions to focus on developing various specialities of Islamic banking was discussed. This is of particular significance as Islamic banking is growing very rapidly. Securing human resources is one of the most important challenges facing Islamic banking. This requires universities to keep pace with the expansion of this market in an appropriate manner.
At the end of the visit, the Omani university delegation expressed their gratitude to QIIB for welcoming them and briefing them about its vast experience and expertise in Islamic banking, which added qualitative value to their knowledge in this vital field.