Qatar First Bank receives the “Best Emerging Islamic Financial Institution” award

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Qatar First Bank receives the “Best Emerging Islamic Financial Institution” award

Oct 26, 2016 – 3:18 am

Sulaiman Yousif Al Salhi (right) receiving the award on behalf of QFB.

DOHA: Qatar First Bank (QFB), a leading Qatar-based Shariah-compliant bank listed on the Qatar Stock Exchange (QSE), as well as prominent figures from Qatar’s financial authorities, the GCC and international banks, have participated in the annual meetings of each of the International Monetary Fund (IMF) and the Institute of International Finance (IIF), held in Washington DC.
At the IMF, QFB was exclusively named in 2016 “Best Emerging Islamic Financial Institution” in the ninth annual Global Finance magazine award for the best Islamic financial institutions in the world.
Led by the Bank’s Commercial Director, Sulaiman Yousif Al Salhi, QFB participated in IMF and IIR meetings, in addition to several meetings and events organized on the sidelines of the conference, including holding bilateral meetings with banks from different countries. for relationship and business development.
Commenting on QFB’s attendance at IMF and IIR meetings,. Al Salhi said, “Since its launch in 2015, QFB’s strategy has focused on the role of the bank as a trusted advisor to investors who wish to exploit lucrative investment opportunities within and outside the country. outside of Qatar, and benefit from the innovation, Shariah-compliant financial solutions we offer in local, regional and global markets.
Al Salhia added: “We are at the start of a new era for our bank, reinforced by the listing of QFB shares on the Qatar Stock Exchange in April of this year, and have already started to reap the benefits of our ambitious strategy, because each area of ​​the Bank has performed well, driving growth and generating new recurring income. This reaffirms that QFB is on the right track, as it continues to identify and seize new attractive opportunities, deliver excellence to both private and corporate clients, build a strong brand and deliver to shareholders. strong returns. “
QFB won the prestigious award after Global Finance conducted extensive consultations with bankers, corporate finance executives and analysts around the world.
In selecting the best Islamic financial institutions in the world, Global Finance took into account a wide range of quantitative factors including asset growth, profitability, geographic reach, strategic relationships, new business development and product innovations. , as well as informed subjective criteria such as reputation, customer satisfaction. , and the opinions of analysts and industry experts.
On the realization ,. Ziad Makkawi, Managing Director of QFB, said: “The Sharia-compliant financial space has made great strides in the past decade and much remains to be done. At QFB, we are proud to contribute to this effort and honored to be recognized by the prestigious Global Finance at IMF and IIR meetings. Our attendance at these meetings reflects our current status as a listed entity on the Qatar Stock Exchange. “



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