Qatar Islamic Bank (QIB), Qatar’s leading digital bank, recently secured four significant recognitions.
Notably, the bank received the Islamic Bank of the Year in Qatar award. Furthermore, QIB was recognised as Best Islamic Retail Bank in Qatar. Additionally, the institution earned the title of Best Islamic SME Bank in Qatar. Importantly, QIB also received Islamic Wealth Management of the Year in Qatar. These accolades collectively underscore QIB’s dominant market position & operational excellence across all banking segments.
QIB earned Islamic Bank of the Year recognition specifically for multiple reasons. The bank delivered exceptional financial performance throughout 2025. Moreover, the institution demonstrated clear market leadership & sustained innovation. Specifically, QIB generated a net profit of QAR 3,455 million during the nine months ending 30 September 2025. Notably, this represented a 5.38% increase compared to the corresponding 2024 period. Significantly, QIB maintained nearly half of Qatar’s Islamic banking market share. Such dominance reflects QIB’s disciplined strategic approach & unwavering focus on sustainable growth.
The Best Islamic Retail Bank award reflects QIB’s exceptional commitment to customer service. Notably, the bank made remarkable progress in enhancing digital offerings throughout the year. Furthermore, QIB simultaneously revolutionised customer interactions & internal operations. Importantly, the bank’s digitalisation focus delivered significant benefits to stakeholders.
Turning to digital metrics, over 83% of QIB’s customers now bank digitally. Meanwhile, more than half of retail sales are completed via the award-winning QIB Mobile App. The app features over 320 integrated components enabling seamless customer experiences. Specifically, the platform facilitates onboarding, financing, card issuance, & lifestyle services. Additionally, QIB developed Qatar’s first digital marketplaces offering services beyond traditional banking. These innovative platforms include the Marketplace & Auto Marketplace, respectively.
Regarding technological innovations, QIB introduced the Click-to-Pay service for enhanced convenience. Notably, the bank launched the Carbon Emission Tracker to promote climate-conscious banking. Both innovations demonstrate QIB’s commitment to digital inclusion & environmental responsibility.
As for SME banking recognition, the Best Islamic SME Bank award highlights QIB’s customer-centric approach. Notably, the bank demonstrates a strong commitment to enabling Qatar’s small & medium-sized enterprises. The institution offers tailored, Shariah-compliant digital solutions specifically designed for SMEs. Specifically, offerings include digital onboarding & Corporate Internet Banking services. Furthermore, QIB provides the dedicated QIB Corporate App for business management. Additionally, the bank offers co-branded credit cards created with Ooredoo for business customers.
Regarding payment solutions, QIB simplified business banking through multiple payment services. The bank provides POS terminals enabling seamless transactions. Moreover, QIB offers advanced Payment Gateway technology for digital transactions. Importantly, QIB SoftPOS technology empowers SMEs to manage finances efficiently. Consequently, these solutions enable improved liquidity management & sustainable scaling.
In the field of wealth management excellence, the award recognises QIB’s personalised service approach. The bank offers highly personalised, relationship-led services rooted in Islamic principles. Notably, each customer receives dedicated relationship manager support. Specifically, managers craft tailored financial strategies aligned with personal goals. Importantly, strategies also reflect individual risk tolerance preferences.
The wealth management suite includes bespoke investment solutions & Islamic financing. Additionally, QIB provides estate planning services & exclusive investment opportunities. Consequently, clients access premium services designed specifically for wealth preservation.
Commenting on these recognitions, Bassel Gamal, QIB’s Group Chief Executive Officer, expressed his perspective. He noted that receiving these awards reflects a genuine commitment to growth. Furthermore, he emphasised QIB’s dedication to innovation & customer empowerment. Importantly, he highlighted strong financial performance supporting these recognitions. Moreover, he credited his team’s dedication to delivering world-class Shariah-compliant solutions. Additionally, he acknowledged the Board of Directors’ valuable support. Notably, he stressed customer trust & loyalty driving these achievements.
Regarding the broader context, the Asset Triple A Islamic Finance Awards marks its 25th anniversary. Notably, industry professionals regard this programme as highly prestigious. The awards celebrate institutions demonstrating outstanding performance in Islamic banking. Significantly, recognition extends to those exemplifying Islamic finance excellence.
QIB’s total assets reached QAR 214.7 billion as of 30 September 2025. This represented growth of 6.9% compared to year-end 2024. Notably, financing & investing activities drove asset expansion. Specifically, financing assets reached QAR 131.9 billion, growing 5.3% since December 2024. Meanwhile, investment securities surged to QAR 60 billion, up 13.2% year-on-year.
Customer deposits stand at QAR 133.8 billion as of 30 September 2025. This reflected a 7.1% increase compared to December 2024. Notably, the bank maintained strong liquidity metrics. The finance-to-deposit ratio reached 98.6%, representing best-in-class performance. Notably, this ratio reflects QIB’s industry-leading liquidity position.
Regarding income performance, total income reached QAR 8,541 million during the first nine months. Net income from financing & investing activities reached QAR 7,753 million. Operating expenses totalled QAR 802.9 million during the period. Importantly, efficient cost management enabled QIB to achieve a cost-to-income ratio of 16.0%. Notably, this remains the lowest ratio across Qatar’s banking sector.
Source: Gulf Times; Qatar Tribune; Peninsula Qatar; Zawya; Qatar Islamic Bank Official Press Release
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