Latest news with #QIIB
Qatar Tribune
26-05-2025
- Automotive
- Qatar Tribune
QIIB hands over 3 Lexus cars to grand prize winner
Tribune News Network Doha Ali Hamad Al Mesaifri, QIIB's Chief of Human Resources and Administration, handed over the keys to the three Lexus vehicles , the LX600, RX, and ESto the winner, Sherif Mohamed, during a special ceremony held at the Lexus showroom. The event was attended by several senior bank executives and officials. Sherif Mohamed was selected as the grand prize winner through draw conducted at the end of the campaign, in the presence of a representative from the Ministry of Commerce and Industry and a number of QIIB officials. The handover ceremony of the three luxury Lexus vehicles was the highlight of QIIB's promotional campaign launched in March 2025, in collaboration with Visa. The campaign encouraged customers to use QIIB Visa credit and debit cards by offering them a chance to win three premium cars, with a combined value exceeding QR1mn. On this occasion,Al-Mesaifri expressed his pleasure in presenting another major prize to a valued QIIB customer. He stated: 'We are proud to hand over the keys to three luxury vehicles to our winning customera well-deserved reward in recognition of his loyalty and trust in our services. At QIIB, we remain committed to rewarding our customers with exceptional offers that reflect their aspirations and enhance their banking experience'. He added: 'In designing this campaign, we were keen to offer an unprecedented prizeboth in value and scaleto provide our customers with a genuine incentive to benefit from their cards and further promote the use of electronic payment methods, which have become a central part of modern lifestyles'. Chief of Human Resources and Administration affirmed: 'At QIIB, we view our relationship with customers as a long-term partnership. Through this, we aim to deliver innovative banking products and services, along with meaningful benefits and real added value. The bank will continue to launch impactful initiatives that further strengthen QIIB's position as one of the leading banks in the Qatari market'. Al-Mesaifri concluded his remarks by stating: 'These campaigns reaffirm our strong commitment to supporting the digital transformation of the banking sector and promoting the use of secure and convenient digital paymentsin line with the State's vision to advance the digital economy and provide smart, innovative banking solutions'. Earlier, QIIB had announced that the Visa Card Campaign ran from March 1 to April 30, 2025, and was open to all existing and new Visa cardholders. Each customer earned an entry into the draw for every qualifying purchase, with the chance to multiply their entries based on their spending value. QIIB reaffirms its commitment to continuing to offer the best products, services, and promotions to its customers.
Qatar Tribune
19-05-2025
- Business
- Qatar Tribune
Qatar banks discuss regional risk at QIIB-IIF Forum
Tribune News Network Doha QIIB hosted the Annual Chief Risk Officers Forum for banks operating in the Middle East, organised in collaboration with the Institute of International Finance (IIF). This initiative reflects QIIB's commitment to promoting Islamic banking and its role in advancing the financial industry, while also reinforcing Qatar's position as a key regional and global banking hub. In his opening remarks, Dr. Abdulbasit Ahmed al-Shaibei, CEO, Qatar International Islamic Bank, welcomed the distinguished participants, stating 'We are honoured at QIIB to host this important forum as a leading Qatari banking institution and a vital part of a strong and resilient banking sector that has earned a prominent position regionally and internationally.' Dr. al-Shaibei noted, 'This gathering, held in collaboration with IIF, comes at a critical time amid profound and far-reaching transformations in the global financial landscape. 'The regulatory agenda in the banking sector continues to evolve, particularly with the ongoing global implementation of Basel III reforms. These changes are reshaping capital and risk frameworks, ultimately enhancing regulation, supervision, and risk management across the industry.'Dr. al-Shaibei also highlighted the transformative role of technology, saying 'We are witnessing the growing use of advanced technologies, particularly artificial intelligence, across a wide range of banking operations, from credit assessment and fraud detection to customer service and regulatory compliance. While these innovations present significant opportunities, they also call for thoughtful regulatory responses.' He emphasised, 'These significant developments in the banking sector are occurring amid challenging global conditions, including shifts in trade policies, market volatility, disruptions in supply chains, and changes in global economic balances. All of these factors are contributing to elevated risk levels, which demand greater agility and foresight from financial institutions to navigate evolving circumstances.' He expressed hope the that the discussions and workshops held during the Forum will yield valuable outcomes that contribute meaningfully to the advancement of risk management practices, and help develop effective responses to potential risks, whether anticipated or unexpected.' The Forum addressed a wide range of key topics in risk management, including regulatory and supervisory developments in the State of Qatar, global regulatory trends and their implications for banks, particularly in relation to Basel III amendments, as well as the growing focus on climate risk regulation, sustainable finance, digital finance, and the oversight of non-bank financial institutions. Geopolitical risks and their impact on the banking sector were also explored. Participants reviewed key findings from the latest International IIF Annual Risk Management Survey, including insights and analysis from banks across the region. The Forum also discussed major emerging risk trends and how banks in the MENA region are responding to them. The one-day forum also explored the applications of artificial intelligence in the financial services sector. Discussions focused on how banks and financial institutions are leveraging AI across various domains, including credit assessment, fraud detection, customer service, and regulatory compliance. The Forum examined key lessons learned and highlighted best practices for the successful integration of AI into risk management frameworks. Attendees also examined strategies for managing various types of risk concentrations and explored methods for diversification and risk mitigation. Discussions extended to efforts aimed at advancing digital banking and fintech innovation, automation in banking operations, and the associated risks and mitigation strategies. Participants shared insights into their institutions' experiences in operational resilience and business continuity, including third-party and supplier risk management. The Forum also addressed how large, geographically diverse banking groups manage risks across international subsidiaries and group-wide operations. Additional discussions covered liquidity risk, with participants exchanging international and regional experiences and outlining best practices for managing and mitigating such risks effectively.
Qatar Tribune
18-05-2025
- Business
- Qatar Tribune
QIIB announces prize winners of ‘Joud' Savings Account's April 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 April 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 April 2025 draw are: Shaikha Jassem M. A. Al-Solaitti, Samir Mohamed, Mohamed Abdulrahman Abdulla Khlefa, Yousef Abdulrahman Y. A. AlMahmoud, Fatma Saoud A. M. Al Enazi, Nayef Jassim M. A. Al Naama, Ammar Ahmed Hassan Radwan, Ali Abdo H. T. Al-Saadi, Maryam Abdulla J. Al-Maseeh, and Sumaia Hassabelrsoul Ahmad. 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 prizes. In 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 draws. For every balance of QR10,000 maintained, customers receive an additional entry into the prize draws conducted throughout the year.
Qatar Tribune
13-05-2025
- Business
- Qatar Tribune
Get closer to the game: QIIB launches special edition Amir Cup visa card
Tribune News Network Doha QIIB has announced the launch of a special and first-of-its-kind edition of its Visa credit cards to celebrate the 53rd Amir Cup in 2025, in collaboration with global payments leader Visa and the Qatar Football Association. As the official sponsor of the Amir Cup for three consecutive years—under the agreement signed with the Qatar Football Association—QIIB is committed to creating a card design that embodies national pride and reflects the deep significance of this much-loved sporting event. This special edition card offers all the benefits and features of QIIB's credit cards, including complimentary access to premium airport lounges worldwide, exclusive discounts with esteemed partners in Qatar and Visa's global partner network, as well as the ability to earn QIIB points that can be redeemed through a variety of options. It also provides enhanced security features and global acceptance, ensuring a seamless and convenient user experience. QIIB customers can apply for this exceptional card through the bank's usual channels: the mobile banking app, online banking, or by visiting any of the Bank's branches. On this occasion, Dr. Abdulbasit Ahmad al-Shaibei, CEO of QIIB, stated: 'We are delighted to announce the launch of QIIB's special edition Visa credit card in celebration of the 53rd edition of the Amir Cup, a tournament that holds a special place in our hearts. We are also honoured to be the official sponsor of the Amir Cup and celebrate this special occasion with a unique initiative—especially as the tournament stands as a proud symbol of excellence in sport and national unity'. 'The launch of this special edition of our credit cards, across all categories, in partnership with Visa, reflects our commitment to engaging with national events through innovative banking solutions. We aim to celebrate major sporting occasions with initiatives that resonate with the community. Previously, we issued a special edition Visa card to mark the FIFA World Cup Qatar 2022—an event that showcased our nation's pride, excellence, and remarkable achievement on the global sporting stage'. Al-Shaibei continued: 'We consider this an exceptional occasion in many respects—banking and sports at its core, and deeply national in spirit. It also reflects our ongoing collaboration with the Qatar Football Association, serving as a culmination of the sponsorship agreement previously signed, under which QIIB became the official sponsor of the Amir Cup and Qatar's national football teams for a three-year period.' Commenting on the significance of this tournament, he further stated: 'The Amir Cup is more than just a sporting event—it is a national occasion that embodies the spirit of competition and excellence, and a source of pride for us all. We are pleased to have built a strong connection between QIIB and major national events in our beloved country. We have always been committed to aligning with the interests of our community, guided by a spirit of responsibility and innovation'. Al-Shaibei also noted: 'The advanced features and benefits offered through these cards reflect QIIB's vision of delivering innovative banking solutions that meet our customers' evolving expectations. They provide a comprehensive experience aligned with the highest standards in the banking sector, while also connecting our customers to major national events that have a significant impact on Qatari society'. The CEO concluded his remarks by saying: 'We congratulate all involved on this important initiative and extend our appreciation to our partners—Visa and the Qatar Football Association—for their role in its success. We look forward to building more partnerships that support Qatar's position as a leading hub for innovation, advanced banking services, and community engagement across all sectors'.
Zawya
12-05-2025
- Business
- Zawya
Moody's affirms QIIB's A2 long-term issuer ratings; outlook stable
Moody's stated that the ratings affirmation was driven by QIIB's strong profitability at the end of 2024, along with an exceptional operational efficiency ratio of 21.4%—a reflection of prudent resource management and effective return generation. Moody's Investors Service has affirmed QIIB's A2/Prime-1 credit rating with a stable outlook, recognising the bank's sustained strong performance. In its recent report on the bank's rating, Moody's stated that the affirmation was driven by QIIB's strong profitability at the end of 2024, along with an exceptional operational efficiency ratio of 21.4%—a reflection of prudent resource management and effective return generation. Moody's also noted QIIB's solid financial standing and flexible funding profile, supported by strong capital levels and robust liquidity. The bank's position is further reinforced by the high potential of government support, if needed. Moody's noted the bank's baa3 BCA affirmation also takes into account the bank's sound capital buffers, with a tangible common equity (TCE) to risk-weighted assets at 14.8% (as of December 2024) and high liquidity buffers with liquid assets to tangible banking assets at 28% as of December 2024. It also captures QIIB's resilient funding profile, characterised by a retail focused franchise. In its assessment, Moody's confirmed that the bank's stable long-term outlook reflects a balance between expectations of continued profitability and strong capital and liquidity levels, against potential pressure on asset quality due to a non-performing financing ratio of 3.0% at the end of 2024. Commenting on Moody's affirmation of the bank's rating, Dr Abdulbasit Ahmed al-Shaibei, CEO, QIIB, stated: 'We are pleased to maintain our strong credit ratings, which reflect the strength of our financial position and the effectiveness of our strategy that carefully balances measured growth and high operational efficiency. Moody's reaffirmation of our rating highlights the confidence in our ability to deliver stable profitability and continue providing banking services with a high level of efficiency'. 'We value Moody's recognition of our flexible funding profile and strong position in the retail banking sector, which enhance our ability to adapt to shifts in both local and global markets. We also continue to benefit from the successful digital transformation we have achieved to boost our efficiency and further elevate customer satisfaction. 'QIIB continuously works to diversify and enhance the quality of its financing portfolio in line with best practices in risk management. We are committed to driving sustainable growth and staying aligned with the evolving dynamics of financial markets'. He concluded: 'We are confident that our strategy — guided by the vision of our Board of Directors and supported by our integration with Qatar's strong economy, which provides a stable environment for various business sectors — will continue to enable us to deliver outstanding performance and strengthen our position in the Islamic banking sector, both locally and regionally.' © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Doha
