Doha: Qatar Islamic Bank (QIB) has been recognised as the Islamic Bank of the Year 2015 in the Middle East by The Banker magazine for the third year in a row.
The selection process for these awards was based on a number of criteria measuring progress over the 12 months from March 2014 to March 2015. The aim of the awards programme is to reward and promote industry-wide achievements in the global Islamic banking community.
Bassel Gamal (pictured), QIB’s Group CEO said that the recognition of being named ‘Islamic Bank of the Year 2015’ in the Middle East for the first time and Qatar for the third time in a row is a testament to the collective efforts of all the Bank’s staff, support from all stakeholders and board of directors, the clients’ trust, a sound business model and our commitment to continuous improvement.
“This award recognises and reflects the significant progress that QIB consistently made throughout the last 12 months. We have managed to achieve positive growth during the past year and we have continued to do so in the first Quarter of 2015,” he said.
QIB’s profits grew to QR40m for the first quarter of 2015, marking a 19 percent increase compared to the first quarter of the previous year, while total assets reached QR99bn, thanks to a 19 percent increase compared to March last year.
The Banker Magazine has also published a comparative ranking of bank brands across the world. Qatar Islamic Bank was the fastest growing financial brand in the world with its brand value rising 91 percent over last year, making the Bank one of the top 50 most valuable brands of all industries in the Mena region.
The Peninsula
