QFB’s Ramadan Blessings Campaign draws to a close

The campaign included a series of community-related activities during the holy month

Qatar First Bank (QFB) announced the concluding of its annual Ramadan Blessings Campaign, during which the Bank hosted a series of activities for various organizations with the aim of promoting solidarity and brotherhood with different segments of the society through the Holy Month.

The Ramadan Blessings Campaign started with hosting a Sohour and a Garangaou Celebration for staff and families. QFB employees and their families engaged in various activities in celebration of the Garangaou.

A special iftar also was held for the Qatar Foundation for Elderly People Care where QFB employees exchanged conversation with the elderly over iftar, then distributed gifts to them.

Mohammed Al Sahli, Head of Communications at QFB commented “As an Islamic institution we place great emphasis on the religion’s guiding principles. Every year, specifically during the Holy month, we dedicate time to give back to the community and reach out to those less fortunate in our society. We are pleased to have brought together the broader community through our annual Ramadan blessings campaign, which aims to reinforce solidarity and brotherhood amongst different segments of society’’

Khalid Hussein, the Director of Public Relations and Media, Qatar Foundation for Elderly People Care said, “Ramadan is the month of giving, caring and reaching out to the less fortunate members of society. By hosting a special iftar for the residents, QFB has helped the elderly to better integrate with other members of society. We thank QFB for helping to spread kindness and goodwill.”

QFB’s annual Ramadan Blessings Campaign also included the “Dardasha Ramadania’ a session delivered by Sh. Dr. Ali Al Quradaghi, the chairman of the QFB Sharia Supervisory Board, where the Bank’s employees had the opportunity to learn more about various topics related to religious practices during Ramadan, such as how to calculate zakat and the benefits of performing Qiyam prayers.

Apart from these community-engagement activities, QFB’s Ramadan Blessing’s Campaign included a daily informative communique entitled “Ramadanyat” which highlighted various topics related to the Holy Month and included a daily competition. In addition QFB placed an in-kind donation box in its premises, allowing all employees in the building to donate clothes, toys and household items which will be given to a Qatar based charity at the end of Ramadan.

Ziad Makkawi appointed as CEO of QFB

Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) announced today the appointment of veteran financial services professional Ziad Makkawi as its Chief Executive Officer with immediate effect.

Ziad has a 27 year track record as an entrepreneur and business builder in the financial services arena where he assumed key leadership positions in banking, investment banking, asset management and private equity. Ziad will lead the expansion of QFB’s already successful Private Equity business, as well as build a Private Banking franchise focused on High and Ultra-High Net Worth individuals.

Ziad spent his early days with JP Morgan on Wall Street. He later joined Elf Aquitaine in Geneva before moving to the Middle East to co-found Lebanon Invest, and then Middle East Capital Group as Managing Director. After moving to Dubai in 2000, Ziad built and ran SHUAA Capital’s financial Services business including asset management, proprietary trading, capital markets, research and brokerage. In 2004 Ziad was appointed CEO of Dubai Bank, and in 2006 founded and ran as Chairman and CEO Algebra Capital a MENA focused Asset Management firm he later sold in 2010 to Global Asset Manager Franklin Templeton.

Prior to joining QFB, Ziad was the CEO of Istithmar World the PE investment arm of Dubai World, a multi-billion dollar global portfolio spanning five continents and many sectors. Ziad also served as a director on numerous boards of leading financial institutions, companies as well as a number of funds.

Abdulla bin Fahad bin Ghorab Al Marri, Chairman of QFB, commented, “QFB is rolling out its strategy of establishing itself as the premier Private Merchant Bank in Qatar, we will continue to build on our successes in the Private Equity area and will build up our Private banking and Investment capabilities to broaden the services we offer our clients and shareholders. We are excited about having Ziad on board to drive this strategy, Ziad brings a depth of experience to this key role and we are confident that someone of his calibre, experience and talent will lead the team and grow the Bank to new heights”.