Qatar’s QIIB honored by International Finance Magazine for exceptional performance in 2020

By Amirtha P S, Desk Reporter
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Qatar International Islamic Bank (QIIB) has won the ‘Most Innovative Islamic Retail Bank 2021’ award in recognition of its performance during 2020, which witnessed unprecedented challenges in the global banking landscape.

The accolade was given by the International Finance Magazine (IFM), a premium business and finance magazine published in the UK which aims to be a source of information, analysis and insights for the global finance community.

The annual prestigious recognition was awarded to QIIB for its exceptional growth over the past year. The digital channels of the bank offered its clients the ability to access banking services at a high level of speed and flexibility and these are following QIIB’s strategy to keep pace with the latest banking technology and innovations.

Dr. Abdulbasit Ahmed al-Shaibei
Dr. Abdulbasit Ahmed al-Shaibei

“This recognition is a true reflection of our response to the requirements and aspirations of our customers in accordance with the best standards adopted in the global banking sector. The progress achieved by QIIB during the past period has won the bank praise and appreciation from experts, analysts and key figures in the field of banking. However, the greatest appreciation that we are pleased with is that of our customers, who witnessed a qualitative shift that has taken place in the Bank’s services and products, as well as the mechanism of making these services available, especially in terms of the astonishing progress rolled out in the Bank’s digital channels.”

The awards and certificates of appreciation granted by various local, regional and international entities to QIIB have established the position of the bank with global recognition, mainly with Fitch affirming QIIB an ‘A’ rating with a ‘stable’ outlook in addition to an ‘A2’ rating with a stable outlook by Moody’s.

Mr. al-Shaibei assured that QIIB will continue to move forward with its growth targets and implement its short-term goals and strategic plans in line with the Qatar National Vision 2030, in addition to contributing to the overall growth process achieved by the Qatari economy in various sectors.

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