DOHA: QInvest, Qatar’s leading investment group and one of the most prominent Islamic financial institutions in the world, has been named as “Most Innovative Investment Bank from the Middle East” at The Banker magazine’s Investment Banking Awards 2015.
Tamim Hamad Al Kawari, QInvest’s Chief Executive Officer, received the award on behalf of QInvest at the ceremony held in London. Al Kawari said: “Winning this award from The Banker is a real accolade for QInvest and testament to the growth and innovation across the business. We have expanded our pioneering open architecture, sharia’h-compliant fund platform, QMAP, adding new, highly innovative products to our range and widening the investment opportunities which we can present to our clients. This has fortified our leadership of the Islamic finance sector and our role as the gateway for investors looking to access the GCC region’s rapidly growing markets.”
James King, Africa and Middle East editor, The Banker Magazine said: “This award recognises QInvest’s commitment to innovation, as well as its standout growth performance over the last year. The judging panel was particularly impressed with QInvest’s approach to product development and its ability to connect investors with the region’s fastest growing markets”.
2014 was a strong year for QInvest, generating revenue growth of 134 percent and increasing net profits by eight times in comparison with the previous year. This has continued into 2015. QInvest ended the first half of this year with revenues up 40 percent and net profit increasing 86 percent compared to the first half of last year; and which exceeded the total profit achieved in 2014.
The Banker magazine’s Investment Banking Awards recognise the outstanding performers in the banking industry over the last 12 months. The magazine applies detailed and rigorous methodology to select the winners in each of the categories.
The Peninsula
