Lesha Bank, formerly known as Qatar First Bank, has received a rating in four categories of Euromoney Market Leaders in Qatar, endorsing the Bank as a leader in investment banking in the country.
In addition to the “Market Leader” accreditation in Investment Banking in Qatar, Euromoney accorded Lesha Bank with “Highly Regarded” accreditation for its CSR initiatives and a “Notable” accreditation for its Digital Solutions and Islamic Finance offerings.
According to the statement, Lesha Bank has been providing an opportunity for local investors to enter the US real estate market through a Shari’a-compliant platform which aims to provide profitable outcomes with an attractive return from its transformed business model which moved from an asset-based model to a fee income-based model.
“We are pleased to be recognized by Euromoney as a Market Leader in Investment banking in Qatar. This is truly a remarkable accomplishment for the Bank. We have recently achieved our seventh consecutive quarter of profitability, thanks to our business model and long-term strategy. We are committed to sourcing new investment opportunities and expanding our portfolio while developing new investment products and services aiming to be at the forefront of Shari’a-compliant investment banking.”
“We continue to provide access to world-class, Shari’a-compliant global investment opportunities tapping into different markets, further diversifying our portfolio, and targeting attractive returns. We are continuously reaping benefits from our adaptive business strategy,” Sheikh Faisal added.
Mr. Abdulrahman Totonji, Lesha Bank’s CEO noted that, “In addition to our recognition as a market leader in Investment Banking, we also received three more accolades across CSR, Digital Solutions, and Islamic Finance further reaffirming that we are heading in the right direction.”