Doha: Qatar Islamic Bank (QIB) won the “Excellence in Islamic Digital Banking” global award at the prestigious The Banker Islamic Banking Awards 2024.
This accolade highlights QIB’s excellent performance in delivering retail and corporate banking products and services, emphasizing the bank’s commitment to customer convenience and enhancing the user experience through cutting-edge digital tools.
QIB’s win represents an important milestone, marking the first time the bank has clinched a global accolade from The Banker, one of the world’s leading financial publications, part of Financial Times Group.
QIB Group CEO, Bassel Gamal commented saying: “We are pleased to receive recognition from The Banker for our leadership in digital banking. At QIB, our vision extends beyond traditional banking, embracing the digital frontier with full commitment. This transformative journey required a significant cultural shift within our organization, a comprehensive overhaul of our technological infrastructure, and the integr
ation of cutting-edge digital tools to enhance the banking experience for our valued customers. We remain dedicated to pushing the boundaries of digital banking and empowering our customers with innovative solutions. I would like to thank our Board of Directors for their support, our colleagues for their dedication and hard work, and our customers for their trust. This recognition would not have been possible without our collective efforts.” In March 2024, Fitch Ratings has upgraded QIB credit rating to ‘A’ with a stable outlook. In April 2024, Capital Intelligence Ratings (CI) has affirmed the Bank’s Long-term rating to ‘AA-‘ with a stable outlook. In June 2023 Moody’s Investors Service, (“Moody’s”) affirmed the Long-term deposit ratings at ‘A1’ with a stable outlook.
The Banker’s Islamic Banking Awards recognise the institutions fully sharia-compliant and otherwise that are breaking new ground with Islamic banking. The awards are given for innovative products and services, deals, and sustainability initiat
ives.
Source: Qatar News Agency