DOHA: Qatar Islamic Bank (QIB), the leading Shariah compliant lender in the country, has been awarded the “Best Treasury Products Management, Qatar” for 2014 at the Banker Middle East Product Awards, said a statement
This award came under the Banker Middle East’s category of “Quest for excellence”.
The Banker Middle East Qatar Product Awards were established in 2005 by CPI Financial, publishers of Banker Middle East, to recognise banking products and services that are innovative and have generated exceptional financial results. The awards are based on a peer-vote process.
QIB Treasury had made major strides in enhancing liquidity management and integration of the treasury systems with trading platforms, and it continues to play a major role in the diversification of funding sources, reducing the Bank’s cost of funds.
The product structuring desk key initiatives have been implemented by setting up a designated team to work together with QIB’s Shariah Supervisory Board to design, implement, and make available innovative hedging and investment solutions that conform to Sharia principles. This structuring function has allowed QIB to offer bespoke solutions to clients across business divisions, as well as satisfying the Bank’s internal requirements.
The Peninsula
