Barwa Bank wins ‘Excellence in Diversified Islamic Services and Products in Qatar’ award

The ‘Excellence in Diversified Islamic Services and Products in Qatar’ award won by Barwa Bank.

Barwa Bank has been recognised with the ‘Excellence in Diversified Islamic Services and Products in Qatar’ award at ‘The Arab Banks Awards & Commendations of Excellence 2018’, organised recently by the World Union for Arab Bankers (Wuab) in Beirut. In a statement, Barwa Bank said: “Being recognised by an important regional institution such as the World Union of Arab Bankers proves Barwa Bank’s commitment to providing a diverse range of the latest Shariah-compliant products within the best banking standards. Such recognition is a testament to the leading position Barwa Bank enjoys.

“It reflects its consistent ability to deliver solid performance despite the challenging circumstances and developments across the region. Barwa Bank will always strive to provide the best and most diversified banking services so as to meet the requirements and aspirations of its clients belonging to different categories.” 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 Shariah-compliant service provider, the bank offers a diverse spectrum of Shariah-compliant banking products such as the Thara’a Savings Account, which provides account holders with 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 QR1mn biannually.  This is in addition to several products that have been recently made available, which includes ‘Ratib’, offering host of value-added services and discount offers to customers transferring their monthly salary to any Barwa Bank’s savings account and exceptional savings account. In addition, 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 Shariah.

The ‘Excellence in Diversified Islamic Services and Products in Qatar’ title adds to a slew of awards and recognitions that Barwa Bank has garnered over the past years, including winning the ‘Best Shariah-compliant Bank in Qatar’ and ‘Best Banking CEO’ at ‘The European Magazine Global Banking & Finance Awards 2017’; ‘Best Islamic Services and Products in Qatar’ at ‘The Arab Banks Awards & Commendations of Excellence 2017’; and 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’.

Sources and photo-credits: Gulf Times