26/10/2016 05:54 AST
Qatar First Bank (QFB), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), along with leading financial authority figures from Qatar, GCC and international banks, has participated at 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 had been exclusively named 2016’s ‘Best Up-and-Coming Islamic Financial Institution’ in Global Finance magazine’s ninth annual awards for the World’s Best Islamic Financial Institutions.
Headed by the Bank’s Chief Business Officer, Sulaiman Yousif Al Salhi, QFB took part in the meetings of the IMF and the IIF, 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 developments.
Commenting on QFB’s presence at the IMF and IIF meetings, . Al Salhi said:“Since its launch in 2015, QFB’s strategy has focused on the bank’s role as a trusted advisor for investors who wish to tap into lucrative investment opportunities in and outside of Qatar, and benefit from the innovative, Shari’ah-compliant financial solutions that we offer in local, regional and global markets.”
Al Salhia added: “We are at the beginning of a new era for our bank, reinforced by listing QFB’s shares in the Qatar Stock Exchange in the month of April this year, 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 reaffirms 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.”
QFB won the prestigious award after Global Finance had extensive consultations with bankers, corporate finance executives and analysts throughout the world.
In selecting the world’s top Islamic Financial Institutions, Global Finance considered a wide range of quantitative factors including growth in assets, 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 achievement,. Ziad Makkawi, QFB’s Chief Executive Officer, said: “The Shari’ah compliant finance space has made great progress over the past decade and much remains to be done. We at QFB are proud to be making a contribution to this effort and honored to be recognized by the prestigious Global Finance at the IMF and IIF meetings. Our participation in these meetings reflects our current status as a listed entity on the Qatar Stock Exchange.”
The Peninsula
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