The “Best Islamic Retail Bank in the Middle East & Qatar”, “Best Digital Bank in Qatar” and “Best SME Bank in Qatar” awards are a testament to Qatar Islamic Bank’s successful growth strategy, driven by customers’ needs 

13 September 2020, Doha, Qatar: Qatar Islamic Bank’s (QIB) best-in-class services have been recognised with three prestigious awards from The Asian Banker, a leading international provider of strategic intelligence on the financial services industry.

The recognition of QIB took place in a virtual awards ceremony, where QIB was represented by Mr. D. Anand, QIB’s General Manager - Personal Banking Group, and Mr. Dinos Constantinides, QIB’s Chief Strategy & Digital Officer.

In its latest Excellence in Retail Financial Services Awards announcement, The Asian Banker named QIB as “Best Islamic Retail Bank in the Middle East & Qatar”, “Best Digital Bank in Qatar” and “Best SME Bank in Qatar”.

Commenting on the Asian Banker prestigious awards, Mr. D. Anand, QIB’s General Manager – Personal Banking Group said: “We are delighted to receive those awards on behalf of our Board of Directors, the GCEO and all our colleagues as we are recognized alongside prominent members of the global banking and finance community. This is a testament to the significant progress QIB has made in establishing itself as a leading banking institution in the Middle East while maintaining its leadership position in Qatar.”

Mr. Dinos Constantinides, QIB’s Chief Strategy & Digital Officer added: “Cross-functional teams across the Bank have worked hard to significantly improve our customers experience through the continuous introduction of innovative digital solutions in the Qatari market.  We are committed to keep on evolving our digital channels to meet our customers’ growing expectations”.

The three awards from The Asian Banker reflect QIB’s continuous efforts to develop its existing product suite and create innovative financial solutions that meet the ever-changing needs of its customers. The awards are also a testament to QIB’s successful growth strategy, which is focused on customers’ needs and finding solutions that offer customers convenience and a simple banking experience.

QIB has showcased steady financial growth over several years and has been setting a benchmark for Islamic banks in the region with its embrace of cutting-edge banking technologies, as well as its customer-centric approach to both its product offering and the overall banking experience.

QIB’s business strategy is closely tied with Qatar’s National Vision (QNV) 2030 and the government’s commitment to investment in the country’s infrastructure, the diversification of the economy, and the development of a strong private sector. In recent years, QIB has strengthen its partnership with Qatar Development Bank to support SME’s and entrepreneurs, as they are instrumental in bringing innovation to the country.

By adopting the agile innovation methodology and using an incremental approach to delivering projects, QIB is successful in launching innovative products and solutions in the Qatari market. The Bank’s end-to-end digital Instant Finance solution, a first in Qatar, provides the fastest and simplest way to obtain personal financing in Qatar. Pre-approved eligible customers can get financing within minutes through QIB’s award-winning Mobile App. QIB was also the first in Qatar to offer pre-approved customers the opportunity to obtain a credit card through the App. Within a few minutes, customers can apply, get approval and receive a credit card tailored to their specific needs. Additionally, with QIB’s digital onboarding solution, new customers can open a current, saving or draw account in an easy and fast way, using innovative digital technologies to facilitate the process.

To continue to provide customers with an easy, secure and convenient banking experience, QIB is regularly upgrading its mobile app and the corporate online banking platform, giving customers access to manage all their daily banking needs digitally at any time, eliminating the need for a branch visit.

The Excellence in Retail Financial Services programme honours outstanding institutions in retail financial services that demonstrate a long-term sustainable franchise leading to consistent and profitable performance. It recognizes financial institutions for their vision, execution capabilities and market leading propositions that make a real impact to the financial sector and its consumers.