Press Release
Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has received the award of ‘Leading Bank in Islamic Services and Products in Qatar’ at the ‘The Arab Banks Awards & Commendations of Excellence 2017’, which was organized by the World Union for Arab Bankers (WUAB) on May 12th in Beirut.
The award was received by Mr. Talal Ahmed Al Khaja, Group Chief Communication’s Officer at Barwa Bank during a grand ceremony held in Beirut, attended by an elite group of international financial and banking leaders, industry experts and VIP guests.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Mohamed Abdulla H A Al-Ali, Ms. Sania Mansour Bakri Yamani, Mr. Fahad Salman Kh S Al-Mamari, and Ms. Joud Mohammad Khaled Kreik, each won a cash prize of QR 10,000.
In the framework of giving back to the community in which it operates, Barwa Bank, Qatar’s most progressive Shari’ah-compliant service provider, has launched the country’s first ever credit card that cares for the society, in partnership with Qatar Charity, during a press conference that was held on May 3rd at Sharq Hotel in presence of the local media representatives.
The Bank’s popular Shari’ah compliant savings account ‘Thara’a’ has been named the ‘Best Innovative Islamic Banking Product in Qatar’.Barwa Bank’s Marketing Team has been recognized as the ‘Best In-House Marketing and Communication Team’ for 2016
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of their most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Mr. Ali Laith Rasheed and Mr. Morad Mohamed Tonsi Mohamed Ragab each won a cash prize of QR 50,000.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 16th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Mohamed Khir Arab, Mr. Hussein Soliman Hussein Ibrahim, Mr. Abdulla Demen M M Al-Muhannadi and Mr. Mohammad Sayab Khan Ferozuddin Khan, each won a cash prize of QR 10,000.
A strong performance in total asset standing at 46 billion QR, driven by a strong growth in the finance portfolio that reached 29.8 billion QR. Customer deposits reached 29.9 billion QR with a 17.7% growth rate.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 15th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Khalifa Ali K A Al-Kubaisi, Ms. Nouf Ibrahim A H Al-Sada, Mr. Mohd Alawi S A Al Yafei and Mr. Mohd Ali H A Al-Braid, each won a cash prize of QR 10,000.
The First Investor (TFI), the leading Qatari Islamic investment banking firm, a subsidiary of Barwa Bank Group, has been awarded the “Best GCC Equity Fund” for its flagship product “The First Investor GCC Equity Opportunities Fund (Q)”.
Barwa Bank, Qatar’s most progressive Shariah compliant service provider, announced its financial results for the year ending 31st December 2016, where the group has recorded a net profit of QAR 738.8 million and earnings per share rose to 2.49 Qatari Riyals. The financing portfolio increased by 4.5% from last year to QAR 29.8 billion.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced Mr. Jassim Mohamed A J Al-Kaabi as the winner of its QR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 14th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Shaheen Ali, Mr. Khalid Mohd S Al-Kuwari, Mr. Fady Walid Taleb Nasereddin and Mr. Fahad Saeed H Al-Marri, each won a cash prize of QR 10,000.
In a joint press release issued today, Masraf Al Rayan, Barwa Bank and International Bank of Qatar have announced that they have entered into initial negotiations regarding a potential merger of the three banks to create a larger and stronger financial institution with a solid financial position and liquidity to support Qatar’s economic growth and to finance development initiatives in line with Qatar Vision 2030.
In an effort to revive the country’s rich history and heritage, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, is celebrating the Qatar National Day (QND) with an interactive online competition that will have 30 lucky citizens and residents taking home QR 1,000 each, in addition to a second draw where 3 iPhone 7 are on offer.
In a creative demonstration of its deep-rooted commitment to Qatari values, traditions and heritage, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, celebrates the Qatar National Day (QND) with its limited-edition Platinum Credit Card for the second year in a row.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 13th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Mohd Alawi S A Al Yafei, Mr. Amer Mamdouh Hommos, Mr. Kayingil Mohamed Kutty Abdutty and Mr. Hamed Hussain A Al-Saiari, each won a cash prize of QR 10,000.
As part of its goal to provide clients with maximum returns, Barwa Bank, Qatar’s most progressive Shariah compliant banking service provider, has launched its new Shariah compliant ‘Profit in Advance’ Term Deposit account ‘Wadiati’, giving customers the benefit of collecting their profits as soon as opening their accounts. With ‘Wadiati’, the Bank’s clients no longer have to wait until maturity to collect their profits and can get the profit of the entire term upfront in their current, savings or Thara’a account.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 12th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Adel Alawi Ali Alsanabani, Mr. Abdulaziz Abdulwahed A A Mashhadi, Mr. Kayingil Mohamed Kutty Abdutty, and Mr. Raafat Wasfy Abdallah Ebdallah, each won a cash prize of QR 25,000.
Doha, Qatar – 24 September 2016 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 11th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr Abdulla Ali A B Al-Khulaifi, Mr Elasyed Salem, Ms Alia Mikaty and Ms Shaikha Zayed S M Al-Naimi, each won a cash prize of QR 10,000.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced the names of the winners of its Summer Spend Campaign for 2016. As such, Mr. Salem Saeed Al Marri, Mr. Samer Al Jaser and Mr. Tarek Bilal each won a return ticket to their destination of choice, after achieving the highest spend (Purchases and Bill Payment) during each of the campaign’s three months, which concluded on 9th of September 2016.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 10th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Khalid Mohd S Al-Kuwari, Mr. Jamal Abdu A H Al-Ammari, Mr. Faisal Ahmed R A Alnaimi, and Ms. Noora Rashid E S Al-Enazi, each won a cash prize of QR 10,000.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced Mr. Sajid Ahmed Radoo as the winner of its QR 1 million biannual Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank, Qatar’s most progressive Shari’ah-compliant service provider, has successfully concluded its Ramadan Campaign 2016
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, held its 2016 Annual Gala ceremony along with a Staff Suhoor event at the St Regis Hotel - Doha, to celebrate the Holy Month of Ramadan as well as honor Barwa Bank Group’s yearly tradition of paying tribute to its top performing team members and loyal employees.
In line with the spirit of the Holy Month and its values of solidarity and togetherness, Barwa Bank, Qatar’s most progressive Shari’ah-compliant services provider, has organized an Iftar event for the residents at the Qatar Foundation for Elderly People Care (Ihsan), as part of its #My_Ramadan_Moments campaign.
In the framework of its Ramadan Campaign this year, the Bank held this open-handed initiative as a celebration of the Holy Month’s noble human values and culture of charity.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 9th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Ms. Wadha Mohamed A F Alnoaimi, Mr. Kadi Salem S A Almarri, and Mr. Abdulaziz Abdo A H Al-Amari, each won a cash prize of QR 10,000.
Barwa Bank, Qatar’s most progressive Shari’ah-compliant services provider, has signed an agreement with MasterCard Worldwide to introduce its World MasterCard and Platinum MasterCard to the bank’s clients. The two prestigious credit cards offer their holders a wide range of one-of-a-kind experiences and exclusive privileges.
Commenting on the agreement, Mr. Khalid Yousef Al-Subeai, Acting GCEO of Barwa Bank Group, said:
Doha, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 8th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Mr. Ibrahim A.Rahman K A Al Naimi, Mr. Mohammed Sultan M A Al-Kuwari, Mr. Nasser Hamad N H Al Naimi and Mr. Jassim Mohamed A M Fakhroo, each won a cash prize of QR 10,000.
Barwa Bank convened its Annual General Meeting (AGM) on Monday the 25th of April 2016, during which the results for the fiscal year ending on December 31, 2015, and the cash dividends of 10 percent to shareholders, were approved.
During the AGM, all items on the agenda were discussed, such as hearing and approving the Board's Report for the year that ended December 31, 2015, as well as discussing and approving the group’s future business plans. This also came in line with hearing and approving the External Auditor's Report of the year ending December 31, 2015 and discussing the bank’s balance sheet for the year, including profits and losses. The General Assembly approved the Board of Directors’ proposal on the distribution of cash dividends of 10% of the nominal value of the shares at the rate of one riyal per share.
Also, a cash prize worth QR 25,000 was awarded to the following bank clients: Nashwa Osman Ali Omer, Abdulasees Chevidikkunnan Koyamu , Ali Hassan Y H Al-Ansari, and Alawi Abdulkadir Aljuneid . The draw’s seventh round was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce
