QIB ranked ‘Strongest Bank in Qatar’, ‘2nd Strongest Islamic Bank in the World’

QIB ranked ‘Strongest Bank in Qatar’, ‘2nd Strongest Islamic Bank in the World’

Qatar Islamic Bank (QIB) emerged as ‘Strongest Bank in Qatar’, ‘Fourth Strongest Bank in the Middle East’, ‘Strongest Islamic Bank in Qatar, and ‘Second Strongest Islamic Bank in the World’ in the Asian Banker’s ‘2021 Rankings for the 500 Strongest Banks’.

In this year’s The Asian Banker Strongest Banks by Balance Sheet evaluation, QIB sustained its financial strength and is now the ‘Strongest Bank in Qatar’ and “fourth in the Middle East.”

QIB remained on top of the ranking of the strongest Islamic banks as the ‘Strongest in Qatar’ and is now the ‘Second Strongest Islamic Bank in the World’.

The bank’s performance was evaluated through six key indicators weighted by their relative importance: scale of the banks’ assets relative to domestic gross domestic product (GDP), balance sheet growth of net finance and deposits, risk management of the bank’s operations, profitability and its sustainability, strength and credibility of finance disbursed, and liquidity of assets to meet adverse events requiring cash outflow.

The new rankings are a testament to QIB’s strong and steady financial performance over the past year and its ability to withstand business despite the challenges imposed by the global pandemic. Over the past years, QIB has been setting the benchmark