Qatar Islamic Bank Named Best Bank in Qatar by MEED

Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has been named Best Bank in Qatar at the MEED MENA Banking Excellence Awards 2026 – Corporate & Investment, held in Dubai. The recognition highlights QIB’s strong financial performance, resilient business model, digital innovation, and continued focus on enhancing customer experience and delivering high-quality banking services.

The award reinforces QIB’s position as one of the leading financial institutions in Qatar and the region, reflecting the strength of its strategy, its customer-centric approach, and its ability to maintain sustainable growth while responding to evolving market needs.

QIB’s continued success is supported by strong financial fundamentals, disciplined risk management, and operational efficiency.

 For the nine months ended 30 September 2026, the Bank reported a net profit attributable to shareholders of QR3.525 billion, representing a 2.0% increase compared to the same period in 2025. Total assets reached QR235.5 billion, while financing assets grew by 21.9% year-on-year to QR160.7 billion. The Bank also maintained the lowest cost-to-income ratio in the Qatari banking sector at 16.2%, reflecting its continued focus on efficiency and sustainable growth.

QIB continues to strengthen its corporate and SME banking proposition through a comprehensive range of Shari’a-compliant financing, transaction banking, and digital solutions tailored to the evolving needs of businesses. The Bank’s enhanced Corporate App and digital banking platforms enable corporate customers to manage their accounts, payments, transfers, and other banking requirements securely and efficiently. These capabilities, supported by dedicated relationship management and tailored financial solutions, reinforce QIB’s role in supporting private sector growth and Qatar’s economic diversification.

Digital innovation remains a key pillar of QIB’s strategy. The Bank continues to enhance its award-winning QIB Mobile App, which offers more than 320 integrated banking and lifestyle services, providing customers with a seamless and convenient banking experience. QIB has also expanded the use of artificial intelligence and advanced analytics across its operations, including its Merchant Analytics solution, which enhances merchant acquiring capabilities, supports informed decision-making, and strengthens customer engagement.

Commenting on the recognition, Bassel Gamal, QIB’s Group CEO, said: “We are pleased to be named Best Bank in Qatar by MEED. This recognition reflects the strength of our financial performance, the resilience of our business model, and our continued focus on delivering value to our customers and shareholders. It also reinforces our commitment to advancing digital innovation, providing tailored Shari’a-compliant banking solutions, and supporting Qatar’s long-term economic growth. This achievement is a testament to the dedication of our team, the support of our Board of Directors, and the continued trust of our customers.”

The MEED MENA Banking Excellence Awards – Corporate & Investment, organized by MEED and GlobalData, recognize leading financial institutions across the Middle East and North Africa for their achievements in financial performance, innovation, operational excellence, and customer service.