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Tribune News network
doha
QIIB has won the 2016 Best Islamic Bank In Qatar Award from International Finance Magazine, one of the most renowned magazines in the fields of finance and business.
Jamal AL Jamal, deputy CEO of QIIB, received the award during a ceremony held in Dubai in the presence of high level representatives of banking institutions from a large number of countries around the world, the bank said in a release on Tuesday.
"QIIB was chosen based on its accomplishments and its ability to move forward at various levels as well as its capacity to significantly strengthen its indicators and increase its contribution to the enrichment of the Islamic banking," the magazine said.
It added,"The bank is seamlessly forcing its pace and achieving astonishing results in terms of profits, growth, total asset and ROA. It also seeks expansion inside and outside Qatar which reflects its ambitious plan. The bank also actively participates in the development of SMEs thus affecting our positive evaluation of the bank and our decision to grant it this award".
Commenting on the award, QIIB CEO, AbdulBasit al Shabei, said,"QIIB's winning of this well-deserved award underlines the strength of the Qatari economy and the large opportunities it provides. It also reflects the success of the plans and strategies laid out by our board of directors in accordance with the banking sector's best practices and the success of the great commendable efforts of the bank's staff over the years."
