Qatar First Bank won exclusively Global Finance 2016’s Best Up-and-Coming Islamic Financial Institution global award Banner

Qatar First Bank won exclusively Global Finance 2016’s Best Up-and-Coming Islamic Financial Institution global award

Qatar First Bank won exclusively Global Finance 2016’s Best Up-and-Coming Islamic Financial Institution global award

Reaping the benefits of the strategy it introduced in 2015, Qatar First Bank (QFB), Qatar’s leading Shari’ah compliant bank, has been named exclusively 2016’s ‘Best Up-and-Coming Islamic Financial Institution’ in Global Finance magazine’s ninth annual awards for the World’s Best Islamic Financial Institutions.

QFB won the prestigious award after Global Finance had extensive consultations with bankers, corporate finance executives and analysts throughout the world.

In selecting the world’s top Islamic Financial Institutions, Global Finance considered a wide range of quantitative factors including growth in assets, profitability, geographic reach, strategic relationships, new business development and product innovations, as well as informed subjective criteria such as reputation, customer satisfaction, and the opinions of analysts and industry experts.

Global winners include:

Best Islamic Financial Institution Samba
Best Bank for Islamic IPOs J.P. Morgan
Best Up-and-Coming Islamic Financial Institution Qatar First Bank
Best Islamic Custodian Deutsche Bank
Best Provider of Shari’ah-Compliant Funds Al Rajhi Capital
Best Islamic Financial Institution for SMEs Abu Dhabi Islamic Bank
Best Shari’ah-Compliant Index Provider MSCI Islamic Index Family
Best Islamic Trade Finance Provider Dubai Islamic Bank
Best Islamic Commodities Provider International Islamic Trade Finance Corporation
Best Sukuk Bank Maybank Islamic

Regional winners include:

Gulf Cooperation Council (GCC) Kuwait Finance House
Non-GCC Middle East/North Africa Al Baraka Banking Group
Asia-Pacific CIMB Islamic Bank
Europe Al Rayan Bank