Press Release

Earlier this year a Joint Venture Consisting of Aktor S.A. of Greece, Larsen and Toubro Ltd of India, YapiMerkeziInsaatVeSanayi A.S of Turkey,SezaiTurkesFeyziAkkaya Marine Construction (STFA) of Turkey and Al Jaber Engineering of Qatar, won their bid for the Gold Line Underground Doha Metro project from Qatar Rail.  Barwa Bank, based out of Qatar, was appointed as the sole book runner to arrange the financing for the Joint Venture. 

Earlier this year a Joint Venture Consisting of Aktor S.A. of Greece, Larsen and Toubro Ltd of India, YapiMerkeziInsaatVeSanayi A.S of Turkey,SezaiTurkesFeyziAkkaya Marine Construction (STFA) of Turkey and Al Jaber Engineering of Qatar, won their bid for the Gold Line Underground Doha Metro project from Qatar Rail.  Barwa Bank, based out of Qatar, was appointed as the sole book runner to arrange the financing for the Joint Venture. 

Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been appointed by the International Finance Facility for Immunisation Company (IFFIm) as Joint Lead Manager (JLM) and bookrunner for a benchmark medium term sukuk issue.

Rated AA by Standard and Poor's, Aa1 by Moody’s and AA+ by Fitch, IFFIm, for which the World Bank acts as Treasury Manager, has mandated Barwa Bank, amongst four other banks, to arrange investor meetings in the Middle East, with a sukuk expected to follow the roadshow.

Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, has announced its financial results for the third quarter of 2014.

The results show an increase in the bank’s net profit by 43% to reach QAR 641mn compared with QAR 447mn for the same period in 2013.

The Group’s balance sheet recorded significant growth in most line items, with total assets growing to 36.6bn, a 28% increase over the same period in 2013, a 31% increase in the Group’s financing assets to QAR 22bn, as well as 30% growth in customer deposits to QAR 22.1bn.

Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, is now offering customers the unique opportunity to win fantastic rewards through the use of the bank's recently released revamped mobile banking application.

 The rewards are divided into two categories: guaranteed prizes granted to all customers upon registration on the Barwa Bank mobile banking application and monthly prizes for the top 30 customers having the highest number of cumulative local and international fund transfers.

Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, has been named the winner of “Best Islamic Financial Institution in Qatar” by Global Finance.

Global Finance announced Barwa Bank as “Best Islamic Financial Institution in Qatar” as part of its seventh annual awards for the World’s Best Islamic Financial Institutions. The winners of this year’s awards are those banks that contributed to the growth of Islamic Financing, while creating the foundation for continued growth of the industry.

Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, announced the opening of its new branch at The Pearl-Qatar, a strategic location to ensure convenience for the bank's high-end customer base.

The newly-inaugurated branch is in continuation of Barwa Bank's strategy to further strengthen relationships with its customers through unprecedented service and innovative product offerings.

Commenting on the branch opening, Khalid Yousef Al-Subeai, Barwa Bank’s Acting Group Chief Executive Officer, said:

Barwa Bank Group, Qatar's fastest growing Shari'ah compliant banking service provider, announced financial results for the first half of 2014. The results show an increase in the bank’s net profit by 35% to reach QAR 411 million compared with QAR 303 million during the same period in 2013.

Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, handed over earlier this week QAR 96,000 in donations to charities in Qatar as part of the Bank’s Fourth Ramadan Football Tournament.

Speaking on the occasion, Barwa Bank Acting Group CEO Mr. Khalid Yousef Abdulla Al-Subeai who presented the cheques said:

"Barwa Bank is keen on supporting the athletic and social activities in Qatar. Our annual Ramadan Indoor Football Tournament raises the motto of playing for a good cause, to ensure the bank's effective participation in fighting poverty."

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.