Qatar First Bank named best up-and-coming Islamic financial institution

Qatar First Bank has been deemed the best up-and-coming Islamic financial institution.
Qatar First Bank has been deemed the best up-and-coming Islamic financial institution. | Courtesy of Shutterstock
Qatar First Bank (QFB), a Shariah-compliant bank, has been named 2016’s "Best Up-and-Coming Islamic Financial Institution" by Global Finance magazine.

Global Finance chose QFB for the award based on input from bankers, corporate finance leaders and analysts around the world.

“We are honored to be named 2016’s ‘Best Up-and-Coming Islamic Financial Institution’ by the renowned, authoritative global finance magazine," QFB CEO Ziad Makkawi said. "The prized global award is a translation of QFB’s winning strategy and innovative approach to Islamic finance.” 

The magazine considered a vast range of quantitative factors including asset growth, profitability, geographic reach, new business development and innovation, as well as customer satisfaction.

“Our strategy focuses on the bank’s role as a trusted advisor, a gateway for investors who wish to tap into innovative, Shariah-compliant, financial solutions and investment opportunities in local, regional and global markets," Makkawi said. "We are at the beginning of a new era for our bank and have already started reaping the benefits of our ambitious strategy, as each area of the bank performed well, bringing growth and generating new recurring income. This celebrated global award is a confirmation that QFB is on the right path, as it continues to identify and seize new, attractive opportunities, deliver excellence for both private and corporate clients, build a strong brand, and provide shareholders with robust returns.”

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