Qatar Islamic Bank Wins Four Distinctions at IFN Best Banks Poll
📋 Key Takeaway: Qatar Islamic Bank has been awarded four distinctions, including Best Islamic Bank in Qatar, at the IFN Best Banks Poll, reflecting its strong performance and customer trust.
Recognition at the IFN Best Banks Poll
Qatar Islamic Bank (QIB), the leading digital bank in Qatar, has achieved significant recognition by securing four prestigious awards in the recent Islamic Finance News (IFN) Best Banks Poll. Among these accolades, QIB was honored as the Best Islamic Bank in Qatar, alongside being recognized as the Best Corporate Bank, Best Retail Bank, and Best Islamic Digital Offering by a Bank in Qatar. These awards, determined by votes from IFN readers, serve as a benchmark for evaluating the performance and innovation of financial institutions within the Islamic banking sector.
The IFN Best Banks Poll is a highly respected annual survey that reflects the confidence of industry participants in the performance and customer service of financial institutions. QIB’s recognition across multiple categories underscores its leadership and commitment to excellence in banking, particularly within the Islamic finance domain.
Strong Financial Performance Underpins Success
QIB’s accolades are supported by its robust financial results in recent years. In 2025, the bank reported a net profit of QAR 4.835 billion, marking a 5% increase year-on-year. The bank’s total assets reached QAR 221.1 billion, with customer deposits amounting to QAR 142.7 billion. Continuing this positive trajectory, QIB posted a net profit of QAR 986 million for the first quarter of 2026, demonstrating resilience and strength in its operating model.
The bank’s total assets grew to QAR 224 billion, while financing assets and customer deposits also experienced notable increases. QIB maintained a commendable cost-to-income ratio of 17%, positioning it as a leader in efficiency within the Qatari banking sector.
Commitment to Innovation and Customer Service
QIB’s recognition across corporate, retail, and digital banking segments highlights the strength of its diversified business model and ongoing investment in customer-focused innovation. The bank has established itself as a trusted partner for corporates, government-related entities, and small and medium-sized enterprises (SMEs) by offering tailored financing and transaction banking solutions. Additionally, QIB has enhanced its retail banking offerings through a comprehensive suite of products and services.
The bank has also maintained its digital leadership by continuously improving its mobile app, onboarding processes, payment solutions, and digital self-service capabilities. These advancements reflect QIB’s commitment to providing best-in-class banking experiences and adapting to the evolving needs of its customers.
Leadership Remarks on the Achievements
Commenting on the bank’s achievements, Mr. Bassel Gamal, QIB’s Group CEO, expressed pride in the recognition received from IFN readers. He emphasized that these distinctions reflect the consistency of QIB’s strategy and the strength of its performance over the years. Gamal noted that such recognition reinforces the trust customers place in QIB and highlights the bank’s commitment to delivering exceptional banking experiences.
He further stated, “This achievement motivates us to enhance our products, services, and digital capabilities, ensuring we continue to deliver long-term value to our customers, shareholders, and the communities we serve.” Gamal attributed the bank’s success to the dedication of its team, the support of its Board of Directors, and the loyalty of its customers.
Frequently Asked Questions
What awards did Qatar Islamic Bank win?
Qatar Islamic Bank won four awards, including Best Islamic Bank in Qatar, Best Corporate Bank, Best Retail Bank, and Best Islamic Digital Offering.
How did QIB perform financially in 2025?
In 2025, QIB reported a net profit of QAR 4.835 billion, a 5% increase year-on-year, with total assets of QAR 221.1 billion.
What is the significance of the IFN Best Banks Poll?
The IFN Best Banks Poll is an annual survey that recognizes leading financial institutions in Islamic finance based on votes from industry participants and stakeholders.
How is QIB enhancing its digital services?
QIB is enhancing its digital services through improvements to its mobile app, onboarding processes, payment solutions, and digital self-service capabilities.
Who is the CEO of Qatar Islamic Bank?
The CEO of Qatar Islamic Bank is Mr. Bassel Gamal.
