Press Release
Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking group, is currently hosting a student work experience programme for Commercial Independent Secondary School students, a Qatar Central Bank institution affiliated with the Qatar Foundation. The training programme has 15 Qatari Nationals assigned to different departments across the Barwa Bank Group, and is designed to help prepare young locals for their future careers.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, welcomed back Ziyad Rahim, its Head of Market Risk, who returned from participating in the Antarctica Marathon and is the first and only representative from Qatar to ever run a marathon on the planet’s coldest continent. A brilliant trip but a tough race, said Ziyad, who battled over 2,000 ft. of elevation change during the 42K course, 90Km/h katabatic winds, a snowstorm and around minus 18-20c temperature in order to raise awareness for Noma, a gangrenous disease leading to facial tissue destruction.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, joined with players from the Barwa Bank Squash Challenger 2012 at an awards ceremony yesterday, at the close of the three day tournament exclusively sponsored by the bank in association with the Qatar Squash Federation (QSF).
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, is sponsoring the 3rd Educational Forum organised by Al Markhiyah Independent School. The forum will take place in Doha from March 17th to 22nd , 2012.
The forum, themed “Talents and Innovation”, aims at providing a platform for educators to meet with the objective of sharing knowledge and experience. The forum also aims at showcasing best practice in education in Qatar and abroad.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, is pleased to announce the appointment of Mr. Hussain Al Abdullah as Head of Retail Banking.
With more than 12 years of experience in the local banking and finance sector, Mr Al Abdullah, as Head of Retail Banking, is responsible for leading and managing Barwa Bank’s Retail Banking division, covering a full spectrum of products and services across the different retail customer segments, and brings a deep understanding and insight to implementation of Barwa Bank’s Retail Banking strategy.
Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking service provider, today announced that it has won the Islamic Finance News “Qatar Deal of the Year” for its acquisition of the IBQ “al yusr” Islamic retail banking portfolio.
Barwa Bank announces distribution of allocation notices and refunds for its successful Rights Issue
Barwa Bank, the fastest growing bank in Qatar, announced today the distribution of allocation notices and refund payments for its Rights Issue which was successfully completed by 29 December 2011 with a 113% coverage.
Barwa Bank completes subscription for capital increase strong confidence by shareholders and subscription coverage 113%
Barwa Bank, the fastest growing bank in Qatar, announced today that it had successfully completed its Rights Issue which started on December 6, 2011. In a powerful vote of confidence from shareholders, the subscription closed with coverage of 113%.
Following the decision taken at an EGM on October 24, 2011, Barwa Bank announced today that subscription applications have been mailed to all share holders. Subscription will begin on December 6 and close on December 29, 2011.
The offering is of 109,130,900 new shares for subscription, offered to shareholders who were on the register at close-of-businesson October 24, 2011.The bank is offering six shares for every ten shares held. The new shares are offered at QR16 per share, which includes the nominal value of QR10 and a premium of QR 6.
At an Extraordinary General Meeting held on Monday evening, shareholders in Barwa Bank voted in favour of a Rights Issue that will increase the Bank’s Issued Capital from QAR 1.9bn to QAR 3bn. In addition,
Authorised Capital will be increased from the current QAR 2.5bn to QAR 6bn. The vote followed an address to shareholders by the Chairman of Barwa Bank, His Excellency Sheikh Mohammed bin Hamad bin Jassim al Thani, in which he highlighted progress made over the last year. His speech covered a number of different areas including;
Barwa Bank, Qatar's newest shari’ah compliant banking service provider, has designed and built the first ATM specifically for people confined to wheelchairs in Qatar at Al Bidda Park.
This service, which is considered the first of its kind in Qatar, aims to bring 24/7 banking services to those currently unable to use ATMs, simply because none of the existing machines in the country are accessible by an individual confined to a wheelchair.
Barwa Bank, Qatar's newest shari’ah compliant banking service provider, recently invited an enthusiastic group of Qatar University students to take part in an internship programme which offered insight into the world of shari’ah compliant banking. The training programme highlighted Barwa Bank’s continuing commitment to the local community and its desire to play a pivotal role in fostering young talent.
Barwa Bank, Qatar's newest Sharia'h compliant bank, has paid for the education of a number of students for one year in Somalia, as part of its joint charity initiative launched during the month of Ramadan, in co-operation with Qatar Charity. Barwa Bank donated the a year’s fees for a student's education for each and every new salary transfer during the holy month of Ramadan. The initiative was well received by customers, who were glad to bank for a good cause.
Barwa Bank, Qatar's newest Sharia'h compliant banking serviceprovider, in collaboration with Qatar Charity is organising the first Ramadan indoorfootball championship in Qatar. The tournament will start today in Al Sadd Club inDoha.
The tournament is organised by Barwa Bank in which 16 teams have registered toplay in 4 groups from August 1 till August 19. Barwa Bank will triple the amount ofregistration fees and donate it to Qatar Charity to help families and children in Qatarduring the month of Ramadan.
Barwa Bank, Qatar's newest Sharia'h compliant banking serviceprovider, has signed a finance agreement worth QR1.8b with QD-SBG ConstructionCompany, a company set up between Qatari Diar and Saudi Binladin, together withBarwa Real Estate and The First Investor, a subsidiary of Barwa Bank. The deal aimsto finance one of the company's major projects, the Dukhan Highway.
Barwa Bank, Qatar's newest Sharia'h compliant banking service provider, held a seminar entitled “The Future of Islamic Finance” on June 13, 2011 in Four Seasons.
The seminar was attended by over 70 invitees representing the business community in Qatar, who were introduced to the vision and strategy of Barwa Bank and the initiatives it is leading in corporate and business banking area.
Barwa Bank wins “Best Bank Branding” at the Banker Middle East Industry Awards 2011
Doha, 27th June 2011 – Barwa Bank have received a major award at the Banker Middle East Industry Awards, hosted in Dubai on 22nd June.
Barwa Bank wins “Best Bank Branding” at the Banker Middle East Industry Awards 2011
Doha, 27th June 2011 – Barwa Bank have received a major award at the BankerMiddle East Industry Awards, hosted in Dubai on 22nd June.
Barwa Bank, Qatar's newest Sharia'h compliant banking service provider, has entered into a finance agreement worth QAR 529m with National Petroleum Services Group (NPS) to refinance an existing syndication and support expansion and working capital.
Barwa Bank held its Annual General Meeting (AGM) at which the financial results for 2010 were approved. The AGM was held on May 11, where shareholders listened to the financial reports and approved the agenda of the meeting.
H.E. Sheikh Mohamad Bin Hamad Bin Jassim Al Thani, Chairman of Barwa Bank gave a detailed report on the bank's activities and financial results approved by the board of directors, and highlighted the good results achieved by the bank in 2010.
Barwa Bank held its Annual General Meeting (AGM) at which the financial results for 2010 were approved. The AGM was held on May 11, where shareholders listened to the financial reports and approved the agenda of the meeting.
H.E. Sheikh Mohamad Bin Hamad Bin Jassim Al Thani, Chairman of Barwa Bank gave a detailed report on the bank's activities and financial results approved by the board of directors, and highlighted the good results achieved by the bank in 2010.
Barwa Bank wins ‘Best New Retail Finance product’ at the Banker Middle East Product Awards 2011
Barwa Bank have received a major award at the Banker Middle East Industry Awards, hosted in Dubai on Wednesday 23rd March.
First purely Shari’ah compliant bank in Qatar to offer rates linked to the Qatar Central Bank lending rate
- Shari’ah compliant Home Finance offering
- Finance limit of QAR 10 million for borrowing period of up to 20 years
Barwa Bank, the major new Qatari financial services provider, will participate in Qatar Real Estate & Investment Exhibition QREX 2011 from March 22 to 25, and will highlight its new home finance offering, which is arranged through the “Ijara” instrument.
Barwa Bank, Qatar's newest sharia'h compliant banking service provider, announces the launch of its new finance offering “2022” . The offer is aimed at existing and new customers looking for Sharia'h compliant financing.
Customers can now apply for vehicle and personal financing, and enjoy the best financing rate in Qatar at 2% for the first year of finance. In addition to that, the customers will have life Takaful coverage at 0% fees, 2 months grace period during the financing, and 2 years free charge card.
Barwa Bank, Qatar's newest shari'ah compliant banking service provider, announced the details and unique features of its new concept branch that will be open to customers in the near future.
The branch represents an environment that is welcoming and promotes easy, efficient and innovative banking. It truly personifies Barwa Bank's slogan, “the future has a bank”, and realises the trends of tomorrow, today.