Qatar First Bank L.L.C. (Public) “QFB”, a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), is pleased to announce that it has won the coveted “Best Private Bank in Qatar” title for 2016, from ‘EMEA Finance’, the leading finance magazine in Europe, Middle East and Africa regions. Representing QFB, Mr. Nizar Ahmadi, Head of Private Banking & Wealth Management, collected this accolade at EMEA Finance’s “Middle East Banking Awards 2016” ceremony, held at the Conrad Dubai.
Commenting at the event, Ahmadi said:
“Winning the accolade for the Best Private Bank in Qatar, proves our evolution in to a Shari’ah compliant private banking while attentive to our clients’ needs and delivering excellence in all aspects. After launching the open architecture platform with the help of leading international partners we do keen in enhancing our Private Banking offerings across Qatar and the region”
The Middle East Banking Awards celebrates the achievements of banking institutions that have reported record profits, demonstrated the highest standards of services, developed innovative products, and achieved overall excellence in the industry. This year’s winners are a reflection in many ways of the economies and countries that they serve, and have proved that they are ready for the challenges and opportunities that lie ahead.
The prestigious award is the latest of several recognitions QFB has received in 2016, including:
– being recognized as “Bank of the Year, Qatar” and “Best Private Bank, Qatar” by The Asset Triple A Islamic Finance Awards,
– exclusively named 2016’s ‘Best Up-and-Coming Islamic Financial Institution’ at Global Finance magazine’s ninth annual awards,
– winning the ‘Best Shari’ah Alternative Investment Platform’ title by ‘Wealth & Finance’ in this year’s ‘Alternative Investment Awards’, and
– being named “Best Shari’ah Compliant Commercial Bank” in Qatar for customer service excellence and product innovation at the 11th Islamic Business & Finance Awards,
The prestigious awards celebrate the Bank’s milestone achievements throughout 2016, such as its successful listing on the Qatar Stock Exchange (QSE) in April, introducing its one-of-a-kind open architecture Private Banking platform that allowed QFB to opt for a client centric approach whereby the investment advice is personalized to the financial goals and risk profile of the client, and launching the ‘Ijarah Aviation Structured Investment Product’.
EMEA Finance is a leading bi-monthly global industry publication which reports on the major financial events and happenings initiated and influenced by the international financial industry active in Europe, Middle East and Africa.
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|
Qatar First Bank L.L.C. (Public), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has been recognized as one of the ‘Top 30 counting down Doha’s biggest publicly listed firms’ by Arabian business Qatar 2016 Edition. Click here to Download