4 June 2025, Doha — Qatar Islamic Bank (QIB) has been honored as the Islamic Bank of the Year in the Middle East by The Banker (Financial Times Group) at the Islamic Banking Awards 2025. The recognition highlights QIB’s leadership in ethical finance, its pioneering digital transformation, and its commitment to Sharia-compliant innovation.

QIB’s strong performance underpins the award: the bank posted a QAR 985 million net profit in Q1 2025, a 3.1% year-on-year increase. With total assets reaching QAR 212 billion and the lowest cost-to-income ratio in Qatar at 16.6%, QIB continues to demonstrate financial strength and efficiency. International credit agencies like Fitch, Moody’s, and Capital Intelligence have reaffirmed its high credit ratings with stable outlooks.

Beyond numbers, QIB has become a model for modern Islamic banking. Through its feature-rich mobile app, the bank offers real-time digital onboarding, instant personal financing, and dedicated marketplaces for SMEs and auto buyers — all within a Sharia-compliant framework. These innovations have helped QIB bring ethical finance closer to everyday users.

QIB’s recognition also signals Qatar’s growing stature as a hub for Islamic finance. Aligned with Qatar National Vision 2030, the bank is driving financial inclusion and supporting a diversified, sustainable economy. As Islamic banking continues to gain global traction, QIB’s success underscores the industry’s potential to blend ethics, technology, and performance.