QIIB Wins "Best Islamic Bank Award in Qatar in Liquidity"

Doha, September 19 (QNA) - Qatar International Islamic Bank (QIIB) has won the "Best Bank in Qatar Award in Liquidity" at the 7th Banking Summit (New Age Banking Summit), which was held in Doha on September 18 and attended by a large number of senior banking and finance industry professionals from Qatar and abroad. The award was presented to QIIB based on the research prepared by Gulf Baader Capital Markets (GBCM), an investment services company, regarding liquidity in various Qatari banks based on some 15 different financial criteria. The research showed that QIIB has done well in terms of liquidity and deserves the award in the category. Commenting on QIIB's award win, QIIB Deputy CEO Jamal Al Jamal said: "We are very pleased that our strategic steps have succeeded in further strengthening our financial position and leadership in many areas, including liquidity. We are certainly aiming for much more and working in accordance with our plans to enhance our position and increase our presence". Al Jamal pointed out that in the past few years, QIIB made continual leaps in most of its budget items and has achieved stable growth rates. It aspires and works to achieve more by focusing on the local market and financing various projects, whether they are large, small or medium. The Bank was able to obtain the best credit ratings, which confirmed the strength of its financial position. He expressed confidence that "QIIB will continue its successful journey and effective contribution to the Qatari economy, achieving the best returns for shareholders and the best innovative services and products, for both individual and corporate customers". QIIB was established in 1990 as the second Islamic bank in Qatar and is currently the third largest Islamic bank in terms of assets and market value. The bank began operating in 1991 and is listed on the Qatar Stock Exchange. It provides integrated banking services to its customers through a network of branches across Qatar and has several regional and international partnerships. (QNA)