DOHA: International Islamic (QIIB), one of Qatar’s leading Shariah-compliant lender, has been awarded as the “Best Islamic Bank in Qatar in 2014” by Capital Finance International (CFI), a London-based print journal and online resource reporting on business, economics and finance.
The award was received on behalf of the bank by International Islamic Chairman and Managing Director Sheikh Dr Khalid bin Thani bin Abdullah Al Thani at a ceremony in London, where his contributions were also honoured by the CFI. The award jury found QIIB’s success story as one of financial stability, good profitability and strong continuous growth over the recent years.
In a press statement yesterday QIIB said: “International Islamic is for good reason perceived as a safe bank that is fully responsive to changing needs.”
Commenting about the award, Sheikh Khalid, in a statement, said: “The award winning shows we are working in the right direction and that we have succeeded a great deal in our strategic planning. We are winning the award at a time when our performance is good in all activities. It also shows our successful participation in the development of the Qatari economy, which will not have been possible without the advice, guidance and strong support from the Emir, H H Sheikh Tamim bin Hamad Al Thani.”
He added: “The award is also a reflection of the strength of the Qatari economy and the good position being enjoyed by International Islamic in the national economic arena. “We are also delighted about the fact that major international rating agencies have upgraded our ratings this year.”
Sheikh Khalid also mentioned about the financial performance and said it remains good overall. “We are more proud about the services that we extend to our customers and to our community and country at large,” he said.