Press Release
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has launched a new mobile banking application for its customers as part of the bank’s commitment to investment in digital channels and services, allowing customers to manage important account information anytime, anywhere.
Hussain Al Abdullah, General Manager, Personal Banking & Wealth Management, Barwa Bank commented on the launch, said:
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has announced the opening of a Representative Office in Dubai International Financial Centre (DIFC).
Khalid Al Subeai, Acting CEO at Barwa Bank, said, “This is the first time Barwa Bank has opened an office overseas and is testament to our commitment to developing the Shariah-compliant financial market outside as well as within Qatar.”
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has announced the opening of a Representative Office in Dubai International Financial Centre (DIFC).
Khalid Al Subeai, Acting CEO at Barwa Bank, said, “This is the first time Barwa Bank has opened an office overseas and is testament to our commitment to developing the Shariah-compliant financial market outside as well as within Qatar.”
Barwa Bank, Qatar's fastest growing Shar’iah compliant bank, has been appointed as one of five Joint Lead Managers for the UK’s GBP 200 million debut Sovereign Sukuk, a landmark transaction that will see the first Shar’iah compliant issuance by a western nation. Barwa Bank takes its place alongside HSBC, Standard Chartered, National Bank of Abu Dhabi and CIMB of Malaysia. Of the five banks involved, Barwa Bank is the only Qatari bank selected and the only wholly Shar’iah compliant mandated bank on the panel.
Barwa Bank launches its “Summer Spend”Promotion
Opportunity to double Barwa Bank loyalty points and win exciting rewards for Gold and Platinum Credit Card holders
Barwa Bank Wins Two Awards at Banker Middle East Industry Awards 2014
Barwa Bank Wins Two Awards at Banker Middle East Industry Awards 2014
Barwa Bank held its Annual General Meeting (AGM) on the 1st June at which the financial results for 2013 were approved.
The Chairman, H.E. Sheikh Mohamad Bin Hamad Bin Jassim Al Thani, gave a detailed report on the Bank's activities and financial results specifically highlighting the results achieved by the Bank in 2013.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, now offers its Shari’ah compliant Credit Card customers in Qatar Ooredoo’s Nojoom rewards and services with access to over 150 partners in Qatar and abroad.
Nojoom is its latest partner for Barwa Bank’s Shari’ah compliant credit card as the bank aims to offer its customers the widest range ofredemption of loyalty points.
Key features of the 2013 financial results
Still the fastest growing bank in Qatar
Total assets increased by 33% to reach QAR33.6bn, a result of 26% growth in the financing portfolio from QAR 15.3bn to QR 19.3bn, with customer deposits rising from QAR 14.8bn to QR 21.2bn.Earnings-per-share improved from QAR 1.17 to QAR 1.68, in 2013, a 43% improvement.
Balanced income profile
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been named “Best Islamic Bank in Qatar” at the EMEA Finance Awards 2013, during a prestigious awards ceremony held on Wednesday 26th February at the Jumeirah Emirates Towers in Dubai.
Senior management from Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, participated in key industry discussions at Euromoney Seminars’ prestigious 13th Annual Islamic Finance Summitheld from 10 - 12 February 2014 at the Marriott Grosvenor Square, London, UK.
Barwa Bank, Qatar's fastest growing Shari’ah compliant financial services provider, celebrated National Sports Day with the Barwa Bank Group (BBG) interdepartmental six-a-side football finals, with family and friends invited to join together and show their support, at Al Wakra Sports Club on Tuesday.
Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking service provider, recently participated in the Open Day, organised by the National Manpower Department at the Ministry of Labour and Social Affairs and attended by the Minister, HE Abdullah Saleh Mubarak al-Khulaifi.
The Open Day was held to provide job opportunities to the largest number of job seekers from secondary school and university graduates, in addition to experienced Qataris.
Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking service provider, recently participated in the Open Day, organised by the National Manpower Department at the Ministry of Labour and Social Affairs and attended by the Minister, HE Abdullah Saleh Mubarak al-Khulaifi.
The Open Day was held to provide job opportunities to the largest number of job seekers from secondary school and university graduates, in addition to experienced Qataris.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, is supporting Ziyad Rahim, its Head of Market Risk as he attempts to set three new Guinness World Records in ultra-distance running. As part of his attempt, Ziyad will be raising awareness for two charities based in the GCC region.
An ultra-marathon is a distance which is longer than the standard 42.2Km marathon and events usually range from 50Km to 100-milers and even multi-day events over varied terrain.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been recognised with three accolades at the Banker Middle East Product Awards 2014, for Best Web/Mobile Site, Best Premium Islamic Card and Best Credit Card.
Barwa Bank received the awards from CPI Financial on Sunday, January 18 at the bank’s headquarters.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been named as the “Best Internet Banking Brand Middle East 2014,” “Best Mobile Banking Brand Middle East 2014,” and “Best Customer Service Banking Brand Middle East 2014” at the Global Brands Publication Awards 2014.
Ms. Anoud Al Rajab, Barwa Bank's Al Sadd Branch Manager, accepted the awards on behalf of the bank at the ceremony that was held at The Address Downtown, Dubai.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been named “Best Islamic Bank in Qatar” at the EMEA Finance Awards 2013.
EMEA Finance is a leading bimonthly global industry publication that reports on the major events and happenings across the financial services industry in Europe, Middle East, and Africa (the EMEA region).
Barwa Bank employees gathered together to celebrate Qatar National Day, as part of the bank’s commitment towards Qatar and its people, during a special ceremony held at Barwa Bank Headquarters on Tuesday 17thDecember.
As a local Shari’ah compliant bank, Barwa Bank management and employees felt that it’s crucial to express their collective sense of national pride and come together to celebrate what it means to live in Qatar. During the ceremony, employees were handed out Qatari flags and gifts to commemorate the heritage and traditions of the State of Qatar.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been named as winner of the International Finance Magazine Awards 2013, for “Best Islamic Bank”, “Fastest Growing Bank”, “Best Financial Website Design”, “Best Sukuk Arranger” in Qatar.
The prestigious awards ceremony was held on Wednesday 18 December in Dubai. Attending on behalf of Bawa Bank was Keith Bradley, Group Chief Operating Officer &GM International and Bashar Jallad, Group Treasurer &Chief Investment Officer.
Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking service provider, has been named as “Best Bank” and“Best Premium Bank” globally, as well as“Best Domestic Commercial Bank” in Qatar at the Islamic Business & Finance Awards 2013
These awards were established by CPI Financial in 2005 to recognise the best performing institutions in a variety of regions where Islamic finance is either already developed or is rapidly expanding.
Mr. Steve Troop, CEO, Barwa Bank attended the Awards ceremony held on 11th December at Jumeirah Emirates Hotel in Dubai.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has recently been awarded OHSAS 18001:2007 Certification for its Occupational, Health and Safety Standards, as well as ISO 9001:2008 Certification for its Quality and Business Excellence Management System across its operations. In doing so it became the first Bank in Qatar to achieve these milestones.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider is proud to announce that Mr. Steve Troop, CEO, Barwa Bank has been named “Banking CEO of the Year” at the MENA 2013 Awards held by The European Magazine. The European Magazine Awards acknowledges businesses and organisations that develop and advance the regional economy with several companies recognised for their outstanding performance in their respective fields.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, congratulates Fawziya Al Abdulla, Group Head of Human Resources for winning aprestigious award in the Innovation category at the Qatar Businesswomens’ Awards for 2013, on 11th November 2013 at the St. Regis Hotel Doha, Qatar.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service providerhas announced the appointment of Arsalaan Ahmed as its Head of Capital Financing.
Ahmed will be focused on managing the growth of the bank’s sukuk, syndicated finance, project finance and structured finance product offering.
Ahmed is an ex-HSBC Group International Executive specialising in Islamic finance and has held multiple roles for the Group across Europe, Asia and the Middle East.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been named “Islamic Bank of the Year” by Acquisition International magazine.
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, has been named as winner of the Arabian Business Achievement Awards Qatar 2013 for “Bank of the Year” during a ceremony held at the Grand Hyatt Hotel, Doha on Tuesday 24 September. Steve Troop, CEO, Barwa Bank commented, “We are delighted to be recognised as Bank of the Year.
Barwa Bank, recently closed a USD125 mnfinancing deal with Topaz Energy and Marine (“Topaz”), one of the leading global offshore supportvessel companies, to finance 12 vessels operated in the Arabian Gulf and the Caspian Sea.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been named the winner of Global Banking and Finance Review Awards 2013, for “Fastest Growing Islamic Bank”, “Best Premium Islamic Card”, “Best Sukuk Manager”, “Most Innovative Shari’ah Compliant Product” and “Best Internet Bank” in Qatar.