DOHA: The recently concluded ‘First CFO Networking Event’ organised by Qatar Islamic Bank (QIB), country’s leading Shariah-compliant lender, achieved big success with the attendance of over 50 financial experts from Qatar’s top companies, said a press statement yesterday.
The one-day networking event, aimed at providing a meeting ground for prominent executives from many leading companies, was held here on June 4 under the theme “Islamic Banking: Towards Innovative Solutions”.
The event was aimed at presenting the significant evolution of Islamic banking over the past years and it was an opportunity to discuss areas of common interest between QIB and the Qatari companies for their day to day financial needs. Bassel Gamal, QIB’s Group CEO opened the event, highlighting the change in people’s perception of Islamic banking with the innovations and initiatives QIB and other Sharia-complaint institutions have undertaken in the last few years.
Hannah Khoury, AGM and Head of Treasury, at QIB, talked about Islamic treasury solutions, giving examples of successful companies that had made the transition to Islamic banking. He also highlighted QIB’s team of dedicated Treasury and Capital Markets professionals that are equipped to serve the different corporate needs through a range of customised Shari’a Compliant Products and Services like SPOT FX, Forward FX, Islamic FX Swaps, and Hedging solutions.
QIB’s Treasurer also emphasised on the bank’s commitment to constantly enhance its spectrum of solutions to meet clients’ increasingly complex needs with regards to Mueed Shafiq, Head of Transaction Banking, talked about Cash Management products such Cash Pickup and Delivery, Dividend Payment Management, Corporate Internet Banking portal and the upcoming new products and services that the Bank will be introducing within 2014.
Shafiq also presented Trade Finance products - Import Letter of Credit, Export Letters of Credit, Import and Export Collections, Letter of Guarantees and highlighted the advantages of all these products. The event also covered an overview of Global Islamic Banking by Deloitte ME’s Islamic Finance Group Director, Dr Hatim El Tahir, and an overview of the Qatari economy presented by QInvest’s Head of Debt Capital Market, Hani Ibrahim.
The Peninsula
