Barwa Bank Wins Four Awards at International Finance Magazine Financial Awards for Qatar 2013.
August 5th, 2013 : Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, has been named the winner of International Finance Magazine (IFM) Financial Awards for Qatar 2013 for “Best Islamic Bank”, “Fastest Growing Bank”, “Best Sukuk Arranger” and “Best Financial Website Design”
The IFM Awards recognise and honour individuals and organisations in the international finance industry that make a significant difference and provide the highest standards of innovation and performance. Winning these four prestigious awards is a major accomplishment for Barwa Bank which has grown significantly in both size and stature since it was established in 2008.
Steve Troop, CEO, Barwa Bank commented, “We are honoured to be acknowledged by IFM Financial Awards for Qatar 2013: they are a reflection of our commitment to growth and to build an innovative and customer focused Shari’ah compliant bank that can lead the way in this growing sector. (Steve Troop, CEO, Barwa Bank)
Barwa Bank’s expansion includes growing to encompass six branches in Qatar, as well as integrating three other companies – First Investor, First Finance and First Leasing – in less than four years of operation. The bank has been able to demonstrate its remarkable presence in the market while competing with other leading banks that have been established for much earlier, becoming a strong player in the Islamic Capital Markets with a succession of high profile arranger positions, an achievement recognised by the “Best Sukuk Arranger” accolade. Receiving “Best Islamic Bank” is further confirmation of Barwa Bank’s mission, demonstrating that Islamic finance is both a credible and sound alternative to conventional banking, can be innovative and deliver an excellent customer service experience. Barwa Bank’s innovative approach has enabled it to create and communicate a unique brand image which saw it receive “Best Financial Website Design” award from IFM. Understanding today’s busy lifestyle and the need to keep things simple and streamlined, Barwa Bank’s website offers flexible, fast and tailored financial services to its customers. “These awards demonstrate that with hard work, ambition and valuable service a young bank can become a leader in a short period of time”. We have had a lot to celebrate this year and intend to maintain our momentum as we go forward.” concluded Mr Troop.