PRESSR: QIB receives CEO Leadership Achievement for Qatar and Best Managed Bank in Qatar Awards from The Asian Banker

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Doha, Qatar – Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has received two major accolades at The Asian Banker Leadership Achievement Awards 2025. Mr. Bassel Gamal, QIB Group CEO, has received CEO Leadership Achievement for Qatar Award, while QIB has been named Best Managed Bank in Qatar for the period from January 2022 to December 2024.This recognition reflects the strength of QIB’s strategy, its consistent performance, and its commitment to building a modern, inclusive, and resilient financial institution. Under the visionary leadership of Group CEO, Mr. Bassel Gamal, the Bank has redefined the banking experience in Qatar and beyond, establishing itself as a global leader in Islamic finance. Since assuming his role in 2013, Mr. Gamal has transformed QIB into a pioneering institution, driving innovation, exceptional financial performance, and unmatched customer satisfaction while upholding Shari’a principles at the core of its operations.In 2024, QIB’s net profit rose by 7% year-on-year to reach QAR 4,605 million. Total assets increased by 6.1%, reaching QAR 200.8 billion by the end of 2024 — a strong testament to the Bank’s sustained growth trajectory. QIB’s total income grew by 9.4% to QAR 11.7 billion, driven by robust financing and investment activities, while customer deposits rose 3.4% to QAR 125 billion. The Bank’s cost-to-income ratio of 17.0% remains the lowest among Qatari banks, reflecting strict cost discipline and operational efficiency. Asset quality remains strong, with a non-performing financing assets ratio of 1.86% and a coverage ratio of 95%.QIB’s financial strength continues to be recognized by international rating agencies. In 2024, Fitch Ratings affirmed QIB’s rating at ‘A’ with a stable outlook, Moody’s affirmed the Bank’s long-term deposit ratings at ‘A1’ with a stable outlook, and Capital Intelligence Ratings affirmed the Bank’s long-term rating at ‘AA-‘ with a stable outlook.Over the last three years, QIB introduced several first-to-market innovations that have simplified banking for customers. Key milestones include real-time digital onboarding for new customers, and instant personal financing through the Mobile App, which is now offering over 300 features.The Bank has introduced new innovations beyond banking including the QIB Marketplace providing a diverse range of products and including a section for local SMEs ...

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