Press Release
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, has announced the third round of draw winners for Thara’a, the bank’s newest high profit Shari’ah compliant savings account,during which Ziad Hesham Muadamani walked away with QAR 50,000, in addition to Nasser Emair Al-Naemi, AMna Jabor Al-Attiya, Ahmed Majid Alsuwaidi, Syed Furqan Hassan Gilani and Hessa Ibrahim Al-Mulla winning cash prizes worth 25,000 Qatari riyals during the draw that took place at the bank's headquarters.
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, has announced the third round of draw winners for Thara’a, the bank’s newest high profit Shari’ah compliant savings account,during which Ziad Hesham Muadamani walked away with QAR 50,000, in addition to Nasser Emair Al-Naemi, AMna Jabor Al-Attiya, Ahmed Majid Alsuwaidi, Syed Furqan Hassan Gilani and Hessa Ibrahim Al-Mulla winning cash prizes worth 25,000 Qatari riyals during the draw that took place at the bank's headquarters.
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, has announced its sponsorship of “The Journey to the depths”, a documentary that recounts young hero Ghanem Mohammed Al Muftah’s diving experience as he overcomes a rare physical ailment with determination. The sponsorship falls under the bank’s larger CSR framework, which supports various initiatives that pour into national development, and honors individuals with special needs who have made a positive impact on their societies.
In its deep-rooted commitment to local heritage and culture, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, celebrated the Qatar National Day with the launch of a limited edition credit card.
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, has announced the second round of draw winners for Thara’a, the bank’s newest high profit Shari’ah compliant savings account,during which Mohd Abdulla Alemadi won a prize worth 50,000 Qatari riyals Award, in addition to Ayat Hisham Taha, Jamal Abdu Al-Ammari, Maryam Ibrahim Al-Emadi, Hessa Ibrahim Al-Mulla and Jamal Mohd Al-Kubaisi winning cash prizes worth 25,000 Qatari riyals during the draw that took place at the bank's headquarters.
In a ceremony held at its headquarters in Doha on January 24, Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, celebrated its recognition by CPI financial as “Best Retail Bank for 2015”.
CPI Financial, the well-reputed publisher of Banker Middle East, has recognised Barwa Bank for leading on innovation in retail banking products and services that delivered on exceptional financial results and an unmatched customer experience. CPI awards are based on a peer-vote process that reflects industry-wide recognition for winners.
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, has announced first-round draw winners for Thara’a, its latest savings account.
In a first for Qatar’s Islamic banks, Thara’a offers account holders the chance to benefit from cash rewards up to 1,000,000 QAR, seamlessly reconciling core values of Islamic finance and Shari’ah compliant banking with a tiered reward-based loyalty scheme for personal banking customers.
Barwa Bank, Qatar’s most progressive Shari’ah compliant services provider, has announced the promotion of Talal Ahmad Al Khaja to the role of Chief Communications officer. In this newly expanded role, Al Khaja will be tasked with overseeing the bank’s marketing and communications, as well as public and shareholder relations in line with the bank’s evolution and development.
Barwa Bank convened its Annual General Meeting (AGM) on the 31st of May, at which the results and budgets, as well as a cash dividend of 10 percent to shareholders for the fiscal year ending on December 31, 2014, were unveiled and approved. The AGM also discussed the bank’s vision going forward, highlighting the role of Sukuk and bond issuance in its record growth.
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, held an Annual Gala ceremony to honour the Group’s top performing team members.
Opening the ceremony, the bank’s Chairman and Managing Director, H.E. Sheikh Mohamad bin Hamad bin Jassim Al Thani , welcomed the Barwa Bank Group Board of Directors, the management team and staff members, commenting on how the Group’s successes would not have been possible without the hard work of the talented individuals within the Group:
Total assets grew by 24%
On the heels of a record performance marking the fiscal year 2014, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, capped the first quarter of 2015 with equally remarkable results.
Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, has been recognized by the Euromoney Awards for Innovation in Islamic Finance 2015 for its lead role in international Sukuk issuance. Against a number of criteria across key metrics including innovation, cross border presence and industry growth contribution, Barwa Bank won two awards for Her Majesty’s Treasury GBP 200 million UK Sovereign Sukuk, as well as for the International Finance Facility for Immunisation Company/GAVI $ 500 million Sukuk.
At the Corporate Counsel Middle East Awards 2015, Allen Y. Merhej, Executive Director and Head of Legal at The First Investor, the investment banking arm of Barwa Bank Group , was recognized as the “Highly Commended’’ General Counsel of The Year.
Barwa Bank, Qatar’s most progressive Shari’ah compliant banking service provider, has announced the launch of its summer spend campaign for Visa cardholders, rewarding customers’ retail purchases with extra loyalty points and the chance to go on a fully paid holiday to Milan for four.
Total assets increased by 14 percent
The Board of Directors recommends a 10 percent cash dividend
Barwa Bank, Qatar's most progressive Shari’ah-compliant service provider, has won six awards for Islamic Finance News “Deals of the Year 2014”, the result of industry-wide polling across financial institutions, professional advisers, fund-managers and investors.
Four of the Awards, Deal of the Year, Sovereign Deal of the Year, Sukuk Deal of the Year and UK Deal of the Year went to Barwa Bank for its Joint Lead Manager position for the UK's GBP200 million debut Sovereign Sukuk, a landmark transaction that saw the first Shariah compliant issuance by a western nation.
arwa Bank, Qatar's most progressive Shari’ah compliant service provider, received a prestigious award from Standard Chartered Bank for Straight through Processing (STP) for USD Clearing during 2014.
Each year, the STP Awards are presented to a few select banks that meet very strict selection criteria and transaction monitoring mechanisms. Barwa Bank’s award was handed in recognition of its outstanding levels of automation in USD payment platform.
قدّم بنك بروة، أكثر ﺍﻟﺑﻧﻭﻙ ﺍﻟﻣﺗﻭﺍﻓﻘﺔ ﻣﻊ ﺍﻟﺷﺭﻳﻌﺔ تقدّماً، الرعاية الماسية لفعاليات اليوم العالمي للسرطان 20155 الذي نظمته الجمعية القطرية للسرطان، وذلك تماشيا مع برنامج البنك للمسؤولية الاجتماعية وسعيه لرفع مستوى الوعي في المجتمع القطري.
ومثّل البنك في هذا الحدث الذي عقد في 27 فبراير في كتاراالسيّد خالد مهدي الأحبابي ، المدير العام التنفيذي - رئيس قطاع الأعمال المصرفية، وهدفت الفعالية إلى رفع مستوى الوعي حول علامات وأعراض السرطان والتي يصبح علاجها أسهل في حال الكشف المبكر.
Barwa Bank, Qatar's fastest growing Shari’ah-compliant service provider, was the lead sponsor of the Euromoney Islamic Finance and Investment Conference, held in London.
The two-day conference discussed significant topics such as the challenge of globalising Islamic capital flows, the Islamic financial institution strategy in the UK and Europe, financing European infrastructure with Shariah-compliant capital, amongst others.
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 as “Best Sukuk Arranger” and “Best Corporate Bank” at the Islamic Business & Finance Awards 2014.
Mr. Khalid Mahdi Al-Ahbabi, Executive General Manager and Chief Business Officer of Barwa Bank, accepted the awards on behalf of the bank at the ceremony that was held at the Jumeirah Emirates Hotel in Dubai.
In a statement, Barwa Bank said:
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."