QIIB wins ‘Excellence in Mobile Banking Innovation' award in Qatar for 2025
Doha
Qatar International Islamic Bank (QIIB) has been recognised with the prestigious 'Excellence in Mobile Banking Innovation 2025' award by Gazet International Magazine, underscoring the bank's leadership and innovation in the digital banking space.
The accolade highlights QIIB's commitment to delivering advanced, secure, and customer-centric mobile banking services that meet the evolving needs of its clientele.
The award reflects QIIB's continuous efforts to enhance its mobile banking application, providing customers with a seamless, fully integrated platform that allows them to perform a wide range of financial transactions anytime and anywhere.
The platform offers services including account opening, local and international money transfers, bill payments, card management, financing and financing rescheduling, as well as investment and wealth management solutions.
In presenting the award, Gazet International Magazine commended QIIB for redefining the digital banking experience in Qatar. The magazine highlighted the bank's smart and comprehensive services for diverse customer segments, supported by a robust technological infrastructure and strategic investment in digital transformation.
Commenting on the recognition, QIIB Chief Executive Officer Dr Abdulbasit Ahmed A Al Shaibei said, 'We are proud to receive this latest recognition, which reflects our ongoing commitment to providing our customers with an advanced banking experience through our mobile banking application, one of the leading digital platforms in Qatar and the region. This award inspires us to continue driving innovation and enhancing the value we provide to our customers through technology.'
Al Shaibei emphasised that in today's era of digital transformation, mobile banking is no longer optional but essential. He noted that QIIB places digital innovation at the core of its strategy, continually developing its mobile platform to make it more comprehensive, flexible, and capable of meeting the diverse needs of itscustomers.
He added that the bank ensures its mobile banking application serves as a fully integrated platform, catering to all customer requirements, from routine daily transactions to financing and investment management.
He further explained that the bank regularly updates the application and introduces smart features based on customer feedback, thereby enhancing engagement, satisfaction, and trust.
Success in mobile banking, he said, is not just about launching a platform but developing a comprehensive digital banking ecosystem that integrates seamlessly with the bank's services while adhering to global trends in digital governance and cybersecurity.
Al Shaibei concluded by reaffirming QIIB's commitment to delivering a distinguished digital banking experience that meets the aspirations of its customers, further strengthening its position as a pioneer in Islamic banking services in Qatar and the wider region.
Through this recognition, QIIB continues to set benchmarks in innovation, technology, and customer experience, cementing its role as a leader in digital banking in Qatar.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Qatar Tribune
a day ago
- Qatar Tribune
QIIB wins ‘Excellence in Mobile Banking Innovation' award in Qatar for 2025
Tribune News Network Doha Qatar International Islamic Bank (QIIB) has been recognised with the prestigious 'Excellence in Mobile Banking Innovation 2025' award by Gazet International Magazine, underscoring the bank's leadership and innovation in the digital banking space. The accolade highlights QIIB's commitment to delivering advanced, secure, and customer-centric mobile banking services that meet the evolving needs of its clientele. The award reflects QIIB's continuous efforts to enhance its mobile banking application, providing customers with a seamless, fully integrated platform that allows them to perform a wide range of financial transactions anytime and anywhere. The platform offers services including account opening, local and international money transfers, bill payments, card management, financing and financing rescheduling, as well as investment and wealth management solutions. In presenting the award, Gazet International Magazine commended QIIB for redefining the digital banking experience in Qatar. The magazine highlighted the bank's smart and comprehensive services for diverse customer segments, supported by a robust technological infrastructure and strategic investment in digital transformation. Commenting on the recognition, QIIB Chief Executive Officer Dr Abdulbasit Ahmed A Al Shaibei said, 'We are proud to receive this latest recognition, which reflects our ongoing commitment to providing our customers with an advanced banking experience through our mobile banking application, one of the leading digital platforms in Qatar and the region. This award inspires us to continue driving innovation and enhancing the value we provide to our customers through technology.' Al Shaibei emphasised that in today's era of digital transformation, mobile banking is no longer optional but essential. He noted that QIIB places digital innovation at the core of its strategy, continually developing its mobile platform to make it more comprehensive, flexible, and capable of meeting the diverse needs of itscustomers. He added that the bank ensures its mobile banking application serves as a fully integrated platform, catering to all customer requirements, from routine daily transactions to financing and investment management. He further explained that the bank regularly updates the application and introduces smart features based on customer feedback, thereby enhancing engagement, satisfaction, and trust. Success in mobile banking, he said, is not just about launching a platform but developing a comprehensive digital banking ecosystem that integrates seamlessly with the bank's services while adhering to global trends in digital governance and cybersecurity. Al Shaibei concluded by reaffirming QIIB's commitment to delivering a distinguished digital banking experience that meets the aspirations of its customers, further strengthening its position as a pioneer in Islamic banking services in Qatar and the wider region. Through this recognition, QIIB continues to set benchmarks in innovation, technology, and customer experience, cementing its role as a leader in digital banking in Qatar.
Qatar Tribune
09-08-2025
- Qatar Tribune
QIIB announces prize winners of ‘Joud' Savings account's July 2025 draw
Tribune News Network Doha QIIB has announced the 10 lucky winners of the monthly prizes for its 'Joud' savings account, a unique product that offers customers opportunities to win a variety of cash prizes throughout the year, including monthly, quarterly, and annual draws, with a grand prize of QR1mn. The July 2025 prize draw took place at the QIIB headquarters, in the presence of senior bank officials and a representative from the Ministry of Commerce and Industry. The winners of the QR10,000 prizes for the July 2025 draw are: Nasser Ebrahim Al-Mulla, Mohamed Salem Alfardi, Abdulrahman Mehsin Alyafei, Khalid Abdulla Al Kaabi, Mohammed Abdulrahman Al-Sayed, Hamad Kamaan Alhajri, Fouziah Saleh Hamazeh, Layla Hassen Ashkanani, Faisal Salem Al-Fehaidi, and Waleid Mohammed Al Saadi. It is important to emphasise that the 'Joud' savings account stands out as a competitive product, offering a wide range of benefits to QIIB customers. Among the most attractive features is the chance to win significant cash addition to these opportunities, account holders benefit from quarterly dividends, as well as the flexibility to make deposits and withdrawals based on their needs. The total number of prizes for the 'Joud' savings account from QIIB is 141 throughout the year. This includes the highly anticipated annual grand prize of QR1mn, 20 quarterly prizes (five per quarter) each valued at QR50,000, and 120 monthly prizes (10 per month) each worth QR10,000. Every QIIB customer with a 'Joud' savings account is eligible to participate in these every balance of QR10,000 maintained, customers receive an additional entry into the prize draws conducted throughout the year.
Qatar Tribune
05-08-2025
- Qatar Tribune
Top 20 firms dominate QSE with 89.1% of market value
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) continues to be shaped by a small cluster of powerful corporations that account for nearly nine-tenths of its total market value. According to the latest rankings released by Forbes Middle East, the 20 largest listed companies in Qatar together represent a staggering 89.1 percent of the exchange's combined capitalisation, equivalent to $148.2 billion out of the total $166.3 billion. The findings underline the dominance of heavyweight institutions and industrial giants in defining investor confidence, liquidity flows, and overall market performance in Qatar. Their sheer scale and reach make them not only central to the QSE but also to the wider Qatari economy and its diversification agenda. At the forefront is Qatar National Bank (QNB), the region's largest lender and one of the most valuable banking brands in the Middle East. With a market capitalisation of $38.5 billion, QNB alone represents almost a quarter of the total QSE value, reaffirming its position as the undisputed anchor of Qatar's financial sector. Close behind is Industries Qatar with a market value of $22.6 billion, showcasing the nation's strength in petrochemicals, fertilizers, and steel – sectors that continue to provide resilience amid fluctuating energy markets. The telecommunications sector is spearheaded by Ooredoo, with a capitalisation of $12.3 billion. The company's pioneering role in digital transformation, both domestically and across its international footprint, makes it a major contributor to the exchange's weight. Islamic banking is another dominant theme, with Qatar Islamic Bank ($12.2 billion) and Masraf Al Rayan ($11.3 billion) occupying leading positions, highlighting Qatar's leadership in Shariah-compliant financial services. Dukhan Bank and Qatar International Islamic Bank also rank among the top 20, further strengthening the sector's presence. Energy-linked companies feature prominently, reflecting Qatar's global position as a liquefied natural gas (LNG) powerhouse. Qatar Gas Transport Company (Nakilat), with a market capitalization of $7.7 billion, plays a strategic role as the world's largest owner and operator of LNG carriers. Qatar Fuel Company (Woqod) and Qatar Electricity and Water Company add further weight by ensuring downstream distribution and utility infrastructure – both of which are vital to the domestic economy. The real estate and infrastructure sector is strongly represented by United Development Company, Barwa Real Estate, and Mazaya Qatar Real Estate Development, all of which have played a central role in the transformation of Doha's skyline and the expansion of residential, commercial, and leisure projects in the country. Qatar Navigation (Milaha), valued at $3.6 billion, underscores the strategic importance of logistics and shipping services in bolstering Qatar's position as a trade hub. Insurance and healthcare, two sectors that continue to expand in line with Qatar's growing population and national development plans, are represented by Qatar Insurance Company and Medicare Group, each contributing to diversification beyond traditional energy and banking industries. Together, these 20 companies set the tone for QSE performance on a daily basis. Fluctuations in their share prices often dictate overall index movement, while their dividend announcements and expansion plans serve as bellwethers for broader investor sentiment. Their collective dominance illustrates both the concentration of wealth in Qatar's corporate sector and the opportunities for mid-cap and emerging firms to gain ground as the market deepens. Market experts note that such concentration is not uncommon in GCC bourses, where large banks, energy firms, and telecom providers dominate. However, Qatar's leading corporates stand out for their regional influence, financial strength, and global ambitions, making them critical players in both the domestic economy and the wider Middle East investment landscape. As highlighted by Forbes Middle East, these top 20 firms represent the backbone of Qatar's corporate sector. Their ability to sustain growth, adapt to global economic shifts, and contribute to the country's diversification agenda will be central to the QSE's future trajectory and to Qatar's long-term vision of building a knowledge-based economy under the framework of National Vision 2030.
