QIB named ‘Best Bank in Qatar’ by MEED

Qatar Islamic Bank (QIB) has been awarded 'Best Bank in Qatar' by MEED at the MEED MENA Banking Excellence Awards 2026 – Corporate & Investment. This accolade underscores QIB's robust financial performance, resilient business model, advancements in digital innovation, and dedication to enhancing customer experience. The award cements QIB's status as a leading financial institution in Qatar and the region, showcasing its strategic strength, customer-centric approach, and capacity for sustainable growth amidst changing market demands.

QIB's achievements are underpinned by solid financial fundamentals, prudent risk management, and operational efficiency. The bank disclosed a net profit of QR3.52bn for 2026, marking a 2.0% rise from the same period in 2025. Total assets stood at QR235.5bn, with financing assets expanding by 21.9% year-on-year to QR160.7bn. QIB also maintains the lowest cost-to-income ratio in the Qatari banking sector at 16.2%, underscoring its ongoing emphasis on efficiency and sustainable growth.

QIB is expanding its corporate and SME banking services through a diverse array of Shariah-compliant financing options, transaction banking solutions, and digital innovations tailored to meet the evolving needs of businesses. Their advanced Corporate App and digital banking platforms empower corporate customers to securely and efficiently manage accounts, payments, transfers, and other banking activities.

These tools, coupled with personalized relationship management and customized financial solutions, solidify QIB's role in fostering private sector expansion and Qatar's economic diversification.

Digital innovation stands as a cornerstone of QIB's strategy. The bank is continually improving its acclaimed QIB Mobile App, which provides over 320 integrated banking and lifestyle services. QIB has also integrated artificial intelligence and advanced analytics into its operations, including a Merchant Analytics solution that bolsters merchant acquiring capabilities, facilitates informed decision-making, and fortifies customer engagement.

QIB Group CEO Bassel Gamal expressed delight over the recognition, stating, "We are pleased to be named ‘Best Bank in Qatar’ by MEED. This reflects our strong financial performance, resilient business model, and commitment to delivering value to our customers and shareholders. It also reinforces our dedication to fostering digital innovation, offering customized Shariah-compliant banking solutions, and supporting Qatar’s long-term economic growth.

This achievement is a testament to the hard work of our team, the support of our board of directors, and the trust continued from our customers." The MEED MENA Banking Excellence Awards – Corporate & Investment, organized by MEED and GlobalData, honor leading financial institutions in the Middle East and North Africa for their accomplishments in financial performance, innovation, operational excellence, and customer service.