Qatar First Bank won exclusively Global Finance 2016’s Best Up-and-Coming Islamic Financial Institution global award
Reaping the benefits of the strategy it introduced in 2015, Qatar First Bank (QFB), Qatar’s leading Shari’ah compliant bank, has been named exclusively 2016’s ‘Best Up-and-Coming Islamic Financial Institution’ in Global Finance magazine’s ninth annual awards for the World’s Best Islamic Financial Institutions.
QFB won the prestigious award after Global Finance had extensive consultations with bankers, corporate finance executives and analysts throughout the world.
In selecting the world’s top Islamic Financial Institutions, Global Finance considered a wide range of quantitative factors including growth in assets, profitability, geographic reach, strategic relationships, new business development and product innovations, as well as informed subjective criteria such as reputation, customer satisfaction, and the opinions of analysts and industry experts.
Global winners include:
| Best Islamic Financial Institution | Samba |
| Best Bank for Islamic IPOs | J.P. Morgan |
| Best Up-and-Coming Islamic Financial Institution | Qatar First Bank |
| Best Islamic Custodian | Deutsche Bank |
| Best Provider of Shari’ah-Compliant Funds | Al Rajhi Capital |
| Best Islamic Financial Institution for SMEs | Abu Dhabi Islamic Bank |
| Best Shari’ah-Compliant Index Provider | MSCI Islamic Index Family |
| Best Islamic Trade Finance Provider | Dubai Islamic Bank |
| Best Islamic Commodities Provider | International Islamic Trade Finance Corporation |
| Best Sukuk Bank | Maybank Islamic |
Regional winners include:
| Gulf Cooperation Council (GCC) | Kuwait Finance House |
| Non-GCC Middle East/North Africa | Al Baraka Banking Group |
| Asia-Pacific | CIMB Islamic Bank |
| Europe | Al Rayan Bank |