QIB has been named ‘Best Islamic Bank in Qatar’ within the eleventh edition of the Middle East Banking Awards bestowed by EMEA Finance – the leading finance magazine in Europe, Near East, and Africa, reported Gulf Times.
The prestigious award marks QIB’s robust money performance and also the winning implementation of its business strategy, they aforesaid during a statement.
Bassel Gamal, QIB Group CEO says, “We square measure the proud recipients of this award, that reflects the results of our exertions and dedication to make sure that the banking expertise is that the most effective and cozy for our customers. QIB received several awards over the past years. we have a tendency to read these awards as a motivation to stay on physical exertion our greatest efforts on a each day to produce distinctive shariah-compliant product and superior service to all or any our customers.”
EMEA Finance may be a leading bi-monthly international trade publication that reports on the main money events initiated and influenced by the international money trade active in Europe, the center East, and Africa.
The prestigious awards square measure granted supported thorough analysis of the performances of regional economies and banking systems, furthermore as analyses of landmark capital-markets deals from sovereigns and firms.
Awards presented to the highest performing Islamic, commercial, and investment banks furthermore as quality managers and brokers in countries across the Middle East. In turn, highlights the successes of banks and people that have exceeded expectations by excelling in their work performance.
The Middle East Banking Awards celebrates achievements of banking establishments that have reportable record profits, incontestable the best standards of services, developed innovative product, and achieved overall excellence within the industry.
Qatar Islamic Bank (QIB) sais, This year’s winners square measure a mirrored image of the economies and countries they serve and evidenced that they're prepared for the challenges and opportunities that lie ahead, reported GulfTimes.
In June 2018, foulmart Ratings Affirmed QIB at ‘A’ with a stable outlook, and Moody's Investors Service (Moody’s) Affirmed semipermanent deposit ratings to QIB at “A1”. In Apr 2018, normal & Poor’s (S&P) Affirmed the bank’s credit rating at ‘A-’, and Capital Intelligence Ratings (CI) has Affirmed the bank’s money Strength Rating (FSR) of ‘A’.
In the initial 9 months of 2018, QIB achieved a earnings of QR2bn, representing a growth of thirteen for an equivalent amount in 2017. Total assets of the bank have accumulated by one.4% compared to Gregorian calendar month 2017, and currently stand at QR152.5bn.
Financing activities have reached QR106.4bn and have fully grown by three.7% compared to Gregorian calendar month 2017. Total financial gain for the 9 months amount, ending in Sept thirty, 2018, was QR5.1bn, registering eight.2% growth compared to QR4.72bn for an equivalent amount in 2017, reflective a healthy growth within the bank’s core operational activities.
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