Qatar Islamic Bank (QIB), Qatar’s leading digital bank, received three prestigious awards from EMEA Middle East Banking Awards: “Most Innovative Bank in the Middle East”, “Best Product Launch in the Middle East” and “Best Islamic Bank in Qatar” for the Sixth Consecutive Year. The honour was announced at EMEA’s Awards ceremony held in Dubai in the presence of QIB’s senior management and the awards were received by Mr. Constantinos Constantinides, QIB’s Chief Strategy & Digital Officer.
The wins, spread across Islamic and digital categories are a confirmation of QIB’s position as Qatar’s leading Islamic bank in addition to its progress on its digital transformation strategy.
In the past year, QIB leveraged technology and responded to the changing market demands and customer needs by launching innovative and cutting-edge solutions for both retail and corporate customers. QIB introduced the first-ever Digital Credit Card in Qatar, Growing Deposit - a recurring, unique digital deposit account encouraging long-term saving habits, and the Flexi Certificate of Deposits – a digital certificate which provides customers with the flexibility to make partial redemptions with no charges. QIB’s recent investments in technology, especially on the digital banking front, have been a catalyst for retail asset growth, and have improved efficiency across the bank and drove significant progress in customer experience.
QIB continued accelerating its bank-wide digital transformation program to develop and implement an innovative yet customer-centric business model, based on its vision to provide a fully digital banking experience. By upscaling its offerings and ensuring that both retail and corporate customers are adopting the new solutions, the reliance on traditional banking services has reduced in recent years, leading to an increase in sales and revenue and to a significant migration of branch transactions to digital channels.
Commenting on the accolades, Mr. Bassel Gamal, QIB’s Group CEO, said: “We are pleased to witness the recognition QIB is garnering in Qatar and the region which reaffirms our commitment to innovation and our leading role in incorporating Shari’a-compliant banking. We have been able to drive innovation in the financial market leveraging technology and launching advanced products and services to meet our customers’ banking needs. These awards are another testament to our strategic vision and customer-centric approach, our ongoing efforts to reshape the banking scene in Qatar and beyond as well as the dedication and commitment from our team and the support of our Board of Directors.”
EMEA Finance announced its Middle East Banking Awards 2022 winners in the fifteenth edition of this important awards package. These awards highlight the best commercial, investment and Islamic banks across the Middle East region, as well as brokers and asset managers.