QIIB honored by Union of Arab Banks for its digital transformation initiatives

By Amirtha P S, Desk Reporter
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Qatar International Islamic Bank (QIIB) was awarded the ‘Best Digital Bank in Qatar’ by the Union of Arab Banks (UAB) in recognition of the bank’s achievements in the field of digital transformation.

The award honors QIIB’s distinguished path of digital transformation which includes providing the customers with a wide range of services, some of which are qualitative services that are provided for the first time in the local banking sector and its outstanding response to the urgent circumstances caused by the spread of the COVID-19 pandemic by providing digital solutions to its customers.

The UAB’s Organising Committee of the Excellence Awards for the Best Digital Financial Institutions awarded QIIB at a ceremony held in Beirut to honor the ‘Best Arab Digital Financial Institutions 2020-2021′.

The award also came in recognition of the bank’s ongoing efforts in the field of innovation and the use of banking technology to enrich the Islamic banking experience and search for new tools that meet the requirements of customers and leverage the banking business to new levels of quality and proficiency.

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

“QIIB’s winning of ‘The Best Digital Bank in Qatar’ award comes on the heels of our bank being awarded the ‘Best Islamic Digital Bank in Qatar’ by the American World Economic Magazine. As much as this international, regional and Arab recognition of our progress in the field of digital transformation highlights the importance of our achievement, it places ethical and operational obligation towards our customers, shareholders, and the Qatari economy at large, in order to live up to the expectations and achieve the required plans and objectives.”

In response to the challenges created by the COVID-19 pandemic, the board of directors of QIIB focused on accelerating digital transformation plans as quickly as possible while allocating the appropriate material and human resources to carry out this shift according to the best conditions.

“QIIB will continue to achieve its strategic and interim objectives, be it in terms of digital transformation or growth figures, and will maintain its solid financial position in line with the advancement of the Qatari economy in all the fields,” Mr. Al-Shaibei added. 

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