Qatar Islamic Bank (QIB) has been recognized as the “Best Bank for SMEs in Qatar” at the Asiamoney Middle East’s Best Bank Awards 2021.
QIB received the highly regarded award after meticulous evaluation of its SME offering against strong competition from leading banks in the increasingly competitive Qatari market.
QIB’s SME offering includes a host of innovative products and services catered toward fulfilling the banking requirements of this vital sector, including the Aamaly (My Business) program, which offers tailored products and services to SMEs in Qatar. The program offers entrepreneurs financial services, advice, and guidance, and features several benefits for SMEs, including a special SME-dedicated banking center, 24-hour banking, WPS integration, cash and cheque collection, accounts, and time deposits, together with flexible lending and financing options.
Moreover, QIB has continued its path toward accelerating the digitization of SME financing and launching new products providing a full package of financial solutions and services to its SME clients. These include Merchant Acquiring Services (POS), mobile POS, and online Wages Protection System (WPS) for the automatic processing of monthly payrolls, as well as a new co-branded corporate credit cards in collaboration with Ooredoo, and corporate deposit cards.
Commenting on this recognition, Mr. Tarek Fawzi, General Manager – Wholesale Banking Group said: “We are proud to once again be recognized for our offerings and support to small and medium-sized enterprises in Qatar. We will continue to support this vital sector which represents one of the pillars of our national economy which is in tandem with Qatar’s National Vision 2030 and beyond.”
Mr. Tarek added: “Innovation and digitization will remain the cornerstones of our SME program, as we strive to introduce more innovative and secure financial products and services in the market to meet and exceed our SME customers’ needs and expectations.”
