QIB named ‘Bank of the Year in Qatar’ from The Banker Magazine (Financial Times Group)

QIB named ‘Bank of the Year in Qatar’ from The Banker Magazine (Financial Times Group)

Doha, Qatar – Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has been named the 2023 Bank of the Year in Qatar by The Banker magazine, a Financial Times publication. This prestigious accolade reaffirms QIB’s standing as an industry leader, solidifying its position at the forefront of the financial landscape in Qatar.

The accolade highlights QIB's financial strength manifested by the bank’s strong capital position and asset quality and its consistent profitability. It also reflects the utilization of cutting-edge technology, setting new standards for an unparalleled customer experience as well as underscores QIB's commitment to sustainability.

In recent years, QIB has consistently showcased robust financial growth, setting a benchmark for the Islamic financial industry. The bank's commitment to innovation is evident in its endeavors to provide cutting-edge Shari’a compliant financial solutions. The bank's remarkable financial ratios in Qatar and the broader MENA region, including the best efficiency ratio for two consecutive years, showcase its commitment to continuously generating value for its shareholders. QIB's strategic initiative in digital transformation has been a game-changer, propelling the bank to new heights in customer satisfaction, revenue growth, and operational efficiency.

During the first three quarters of 2023, QIB experienced a 7.2% growth in net