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Qatar Islamic Bank secured three Euromoney Awards for Excellence 2026, including the flagship Qatar’s Best Bank title, Gulf Times reported on July 21. The lender also claimed Qatar’s Best Digital Bank for Consumers and Qatar’s Best Bank for SMEs, according to the publication’s account of the global banking industry’s benchmark recognitions. Euromoney’s assessment, published days earlier, pointed to the bank’s high-quality growth in 2025 paired with enhancements to customer journeys that linked digital tools to stronger acquisition and usage rates. The awards come as QIB continues to expand its role in Qatar’s financial sector, where Islamic banking holds a substantial share of assets and lending activity.
QIB reported a net profit of QR2.22bn for the first half of 2026, marking a 2.3 percent increase from the year-earlier period, the bank stated in the announcement covered by Gulf Times. Total assets climbed to QR234bn, reflecting 10.4 percent year-on-year growth, while the cost-to-income ratio stood at 16.4 percent, the lowest among Qatari banks. These results underpinned the awards by demonstrating resilient performance and operational efficiency, Euromoney noted in its national winners overview for Qatar. The figures illustrate QIB’s ability to sustain momentum amid broader economic conditions in the Gulf state.
The Qatar’s Best Bank award recognised QIB’s market position, resilient business model and consistent delivery across customer segments, according to the bank’s submission details relayed by Gulf Times. Euromoney highlighted how the institution combined financial strength with digital innovation and customer focus while applying disciplined risk management. The recognition also acknowledged QIB’s contributions to Qatar’s economic development through targeted financing and stakeholder value creation over multiple years. Such honours have become a recurring feature for leading Qatari institutions in Euromoney’s annual evaluations.
QIB’s win as Qatar’s Best Digital Bank for Consumers reflected advancements rolled out throughout 2025, the lender detailed in its announcement. Innovations included the QIB Junior App aimed at younger users, expanded account opening via the QIB Lite App for workers, and new payment solutions that broadened accessibility. The bank’s mobile application now provides more than 320 features, delivering an integrated experience that has driven higher engagement levels. These developments aligned with Euromoney’s emphasis on practical improvements that reduce friction in everyday banking interactions.
Support for small and medium-sized enterprises earned QIB the corresponding national award, Gulf Times reported, citing the bank’s suite of Shariah-compliant products and dedicated relationship management. The offerings help SMEs improve efficiency, pursue expansion and adapt to changing market dynamics in Qatar. Euromoney’s evaluation tied the recognition to QIB’s role in advancing private-sector growth, economic diversification and greater financial inclusion across the country. The bank’s approach has positioned it as a key partner for this vital economic segment in recent assessments.
Bassel Gamal, QIB Group CEO, said in the statement, “These prestigious awards reflect the strength of QIB’s strategy, which is centred on delivering sustainable growth, shareholders return, and exceptional customer experiences. These achievements would not have been possible without the dedication and commitment of our team, the support of our board of directors, and the trust and loyalty of our customers.” He added that the recognition underscores the bank’s focus on enhancing products, advancing digital capabilities and backing Qatar’s economic ambitions with innovative, Shariah-compliant solutions. Gamal emphasised ongoing efforts to generate long-term value for customers, shareholders and communities.
The Euromoney Awards for Excellence rank among the industry’s most respected honours, a Euromoney overview stated, spotlighting outstanding performance, innovation and leadership in respective markets. QIB’s 2026 sweep builds on prior successes, including multiple category wins in earlier editions of the programme. The results for Qatar were finalised following a submission process that closed in February 2026, with winners notified in May and publicly announced in mid-July, according to the organiser’s calendar.
