QIB crowned ‘Best Bank in Qatar’, ‘Best in Digital’ and ‘Best in Islamic Finance’ by Euromoney

QIB crowned ‘Best Bank in Qatar’, ‘Best in Digital’ and ‘Best in Islamic Finance’ by Euromoney

Doha

Qatar Islamic Bank (QIB) has been named ‘Best Bank in Qatar’, ‘Best Bank for Digital Solutions in Qatar’, and ‘Best Bank for Islamic Finance in Qatar’ by Euromoney Magazine at the Awards for Excellence 2022 ceremony held recently in Dubai.

Judged by a panel of experts, the new accolades recognise QIB’s clear strategy, longstanding position as a leading bank in Qatar, and stellar financial performance delivering record total assets of QR193bn in the first three months of 2022. Additionally, the ‘Best Bank for Digital Solutions in Qatar’ award recognises QIB’s commitment to a customer-focused approach and leadership in digital banking, while ‘Best Bank for Islamic Finance in Qatar’ strengthens its position as the benchmark of Islamic Banking in the country.

QIB continued to strengthen its leadership in the local banking sector over the past year, maintaining its position as the largest Islamic bank in Qatar. The bank outperformed the market in terms of net profit growth, having a CAGR of 8.9% for the three-year period from 2019 to 2021, and achieved the best cost-to-income efficiency ratio in Qatar and the Mena region.

QIB’s success derives from the strategic vision of its board of directors and the focused implementation