Abdulbasit Ahmad Abdul Rahman Al Shaibei addressing the workshop.
DOHA: International Islamic (QIIB) held a one-day workshop for its senior executives. Chaired by the Chief Executive Officer Abdulbasit Ahmad Abdul Rahman Al Shaibei, the workshop discussed the bank’s future plans and how to address the market challenges.
The participants pointed out that International Islamic was moving ahead according to its plans, based on a clear strategy developed by the bank’s Board of Directors.
The discussion focused on the principle of dialogue and interaction between the different departments and bank sectors, particularly business and operations and their key role in upgrading the performance and the provision of services and development so as to ensure these are in accordance with the banking standards adopted.
The workshop laid emphasis on the importance of all sections of the bank to work with the fullest potential to achieve the goals. These plans are key to the bank successfully contributing towards the emergence of the national economy, Al Shaibei noted.
Participants pointed out that International Islamic must continue to work to develop and strengthen its activity and respond to various challenges. At the same time it is important that the bank contribute to the development of Islamic banking, especially in terms of innovative products and services that comply with Islamic law, as well as the importance of maintaining compatibility with systems and modern technology used in the global banking system while retaining all the principles of Islamic banking.
The importance of contribution in various projects at hand, especially the infrastructure and mega projects was emphasised. It should be a priority because of the benefit to national economy, the bank and shareholders alike.
The meeting noted that the focus on large-scale projects and infrastructure projects must not be at the expense of small and medium enterprises (SMEs). More focus should be continued to be given to SME segment in view of its key role in national economy and positive impact on the society. The bank has recently introduced a system to manage financing the small and medium enterprises as part of its commitment to developing the SME sector.
The meeting discussed various market challenges and came out with proposals to address the issues.