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QIB recognized at the “Arab Best” Awards 2017

QIB recognized at the “Arab Best” Awards 2017

03/12/2017, Doha,Qatar

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, announced that it has received two awards from the “Arab Best” Awards. The Bank was recognized as the “Best Management team in Banking and Financial Services in the Arab world for 2017” while Mr. Bassel Gamal, QIB’s Group CEO, was ranked seven amongst the best 100 Arabian CEOs and number one across the banking sector according to the published ranking. The awards were received by Bassel who attended the ceremony held in the Kingdom of Morocco.

The “Arab Best” awards were launched in 2016 to recognize the best in the Arab World in the following categories: Leadership, Business and Community and Sports.

The awards committee recognized QIB’s efforts in establishing itself as a leading banking institution in the region while cementing its position in its home market, Qatar. QIB has demonstrated steady financial growth over the past few years and has been setting a benchmark for Islamic Banks in the region with its embrace of cutting-edge banking technologies and its customer-centric approach that guides the design of its Shari’a compliant products and services. This strategy is guided by Qatar’s National Vision 2030 and implemented by a team of highly-skilled and dedicated employees.

“The awards are a testament to both QIB’s efforts in providing a comprehensive portfolio of banking services and to the strength of the banking sector in Qatar,” said Bassel Gamal, QIB’s Group CEO. “We are pleased for this recognition which is the result of our customer’s trust and loyalty, the wise leadership of our Board of Directors and the commitment of all our employees to deliver the highest standard of banking services.”

Since 1982, QIB has been an active contributor to Qatar’s banking industry and has been the recipient of internationally-acclaimed banking awards from Global Finance and The Banker among others. Recently, the Bank recorded a 10.6% growth year-on-year in net profit to QAR 1,775 million in the first nine months of this year. Total Assets of the Bank increased by 11% compared to September 2016 and 7% compared to December 2016 and now stands at QAR 149 billion driven by growth in the investing and financing activities.

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