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Posted On: 23 May 2017 03:32 am
Updated On: 3 April 2019 12:56 pm

Barwa Bank honored as “Leading Bank in Islamic Services and Products in Qatar” by the World Union for Arab Bankers

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Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has received the award of ‘Leading Bank in Islamic Services and Products in Qatar’ at the ‘The Arab Banks Awards & Commendations of Excellence 2017’, which was organized by the World Union for Arab Bankers (WUAB) on May 12th in Beirut.

The award was received by Mr. Talal Ahmed Al Khaja, Group Chief Communication’s Officer at Barwa Bank during a grand ceremony held in Beirut, attended by an elite group of international financial and banking leaders, industry experts and VIP guests.

Commenting on winning the prestigious award, Mr. Khalid Al Subaie, Group Chief Executive Officer at Barwa Bank, said:

“At Barwa Bank, we are driven by a dedicated pursuit of excellence and innovation in our product development and service offerings, founded on a grand design that challenges traditional models and bridges Shari’ah-compliant principles with modern standards of conventional banking. Our creative efforts have been translated into an unmatched customer-centric experience for our clients and solid financial results for our shareholders, reaffirming Barwa Bank’s status in Islamic Banking services in Qatar and the region. Today, we are glad to be recognized by the World Union for Arab Bankers as this demonstrates our customers’ confidence in the Bank’s products and services, also indicating the well-orchestrated team effort behind the Bank’s offerings and its aspiration to engrave Barwa Bank’s name on the regional map of the banking sector, and to contribute to the advancement of the Islamic banking sector in the region as a whole, which requires us to exert more effort to develop and provide innovative products and services that live up to our customers’ expectations”.

Barwa Bank brings a wide range of market-leading solutions to banking clients in Qatar, built on forward-thinking strategies. Earning its reputation as the country’s most progressive Shari’ah-compliant service provider, the bank offers a diverse spectrum of Shari’ah compliant banking products, such as the Faseel High Profit savings account, which offers monthly profit, and the Thara’a savings account, which offers account holders the chance to benefit from monthly cash rewards. A first for Islamic banks in Qatar, Thara’a savings account offers customers the opportunity to win several monthly cash prizes, and a chance to win a grand prize of 1,000,000 Qatari riyals, biannually.

This is in addition to several products that have been recently made available, which includes the Barwa Bank Qatar Charity co-branded credit card, which empowers its holders to partake and contribute in doing good with every purchase they make. Barwa Bank allocates an amount in the name of the cardholder into charity at no extra cost to the customer.

Moreover, the bank offers a wide range of services that include innovative retail, private, corporate banking and investment and real estate finance services that proactively tackle all clients’ financial needs and long term aspirations in accordance with the principles of Shari’ah.

The coveted ‘Leading Bank in Islamic Services and Products in Qatar’ title adds to a slew of awards and recognitions that Barwa Bank has garnered over the years, including winning the ‘Best In-House Marketing and Communication Team’ and the ‘Best Innovative Islamic Banking Product in Qatar - Thara’a savings account’ at the International Finance Magazine Awards 2016, as well as being named Fastest Growing Bank in Qatar by the Banker Middle East Awards 2015.