Press Release
Barwa Bank, Qatar’s most progressive Shariah compliant service provider, announced its financial results for the year ending 31st December 2016, where the group has recorded a net profit of QAR 738.8 million and earnings per share rose to 2.49 Qatari Riyals. The financing portfolio increased by 4.5% from last year to QAR 29.8 billion.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced Mr. Jassim Mohamed A J Al-Kaabi as the winner of its QR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 14th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Shaheen Ali, Mr. Khalid Mohd S Al-Kuwari, Mr. Fady Walid Taleb Nasereddin and Mr. Fahad Saeed H Al-Marri, each won a cash prize of QR 10,000.
In a joint press release issued today, Masraf Al Rayan, Barwa Bank and International Bank of Qatar have announced that they have entered into initial negotiations regarding a potential merger of the three banks to create a larger and stronger financial institution with a solid financial position and liquidity to support Qatar’s economic growth and to finance development initiatives in line with Qatar Vision 2030.
In an effort to revive the country’s rich history and heritage, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, is celebrating the Qatar National Day (QND) with an interactive online competition that will have 30 lucky citizens and residents taking home QR 1,000 each, in addition to a second draw where 3 iPhone 7 are on offer.
In a creative demonstration of its deep-rooted commitment to Qatari values, traditions and heritage, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, celebrates the Qatar National Day (QND) with its limited-edition Platinum Credit Card for the second year in a row.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 13th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Mohd Alawi S A Al Yafei, Mr. Amer Mamdouh Hommos, Mr. Kayingil Mohamed Kutty Abdutty and Mr. Hamed Hussain A Al-Saiari, each won a cash prize of QR 10,000.
As part of its goal to provide clients with maximum returns, Barwa Bank, Qatar’s most progressive Shariah compliant banking service provider, has launched its new Shariah compliant ‘Profit in Advance’ Term Deposit account ‘Wadiati’, giving customers the benefit of collecting their profits as soon as opening their accounts. With ‘Wadiati’, the Bank’s clients no longer have to wait until maturity to collect their profits and can get the profit of the entire term upfront in their current, savings or Thara’a account.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 12th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Adel Alawi Ali Alsanabani, Mr. Abdulaziz Abdulwahed A A Mashhadi, Mr. Kayingil Mohamed Kutty Abdutty, and Mr. Raafat Wasfy Abdallah Ebdallah, each won a cash prize of QR 25,000.
Doha, Qatar – 24 September 2016 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 11th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr Abdulla Ali A B Al-Khulaifi, Mr Elasyed Salem, Ms Alia Mikaty and Ms Shaikha Zayed S M Al-Naimi, each won a cash prize of QR 10,000.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced the names of the winners of its Summer Spend Campaign for 2016. As such, Mr. Salem Saeed Al Marri, Mr. Samer Al Jaser and Mr. Tarek Bilal each won a return ticket to their destination of choice, after achieving the highest spend (Purchases and Bill Payment) during each of the campaign’s three months, which concluded on 9th of September 2016.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 10th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Khalid Mohd S Al-Kuwari, Mr. Jamal Abdu A H Al-Ammari, Mr. Faisal Ahmed R A Alnaimi, and Ms. Noora Rashid E S Al-Enazi, each won a cash prize of QR 10,000.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced Mr. Sajid Ahmed Radoo as the winner of its QR 1 million biannual Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank, Qatar’s most progressive Shari’ah-compliant service provider, has successfully concluded its Ramadan Campaign 2016
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, held its 2016 Annual Gala ceremony along with a Staff Suhoor event at the St Regis Hotel - Doha, to celebrate the Holy Month of Ramadan as well as honor Barwa Bank Group’s yearly tradition of paying tribute to its top performing team members and loyal employees.
In line with the spirit of the Holy Month and its values of solidarity and togetherness, Barwa Bank, Qatar’s most progressive Shari’ah-compliant services provider, has organized an Iftar event for the residents at the Qatar Foundation for Elderly People Care (Ihsan), as part of its #My_Ramadan_Moments campaign.
In the framework of its Ramadan Campaign this year, the Bank held this open-handed initiative as a celebration of the Holy Month’s noble human values and culture of charity.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 9th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Ms. Wadha Mohamed A F Alnoaimi, Mr. Kadi Salem S A Almarri, and Mr. Abdulaziz Abdo A H Al-Amari, each won a cash prize of QR 10,000.
Barwa Bank, Qatar’s most progressive Shari’ah-compliant services provider, has signed an agreement with MasterCard Worldwide to introduce its World MasterCard and Platinum MasterCard to the bank’s clients. The two prestigious credit cards offer their holders a wide range of one-of-a-kind experiences and exclusive privileges.
Commenting on the agreement, Mr. Khalid Yousef Al-Subeai, Acting GCEO of Barwa Bank Group, said:
Doha, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 8th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Mr. Ibrahim A.Rahman K A Al Naimi, Mr. Mohammed Sultan M A Al-Kuwari, Mr. Nasser Hamad N H Al Naimi and Mr. Jassim Mohamed A M Fakhroo, each won a cash prize of QR 10,000.
Barwa Bank convened its Annual General Meeting (AGM) on Monday the 25th of April 2016, during which the results for the fiscal year ending on December 31, 2015, and the cash dividends of 10 percent to shareholders, were approved.
During the AGM, all items on the agenda were discussed, such as hearing and approving the Board's Report for the year that ended December 31, 2015, as well as discussing and approving the group’s future business plans. This also came in line with hearing and approving the External Auditor's Report of the year ending December 31, 2015 and discussing the bank’s balance sheet for the year, including profits and losses. The General Assembly approved the Board of Directors’ proposal on the distribution of cash dividends of 10% of the nominal value of the shares at the rate of one riyal per share.
Also, a cash prize worth QR 25,000 was awarded to the following bank clients: Nashwa Osman Ali Omer, Abdulasees Chevidikkunnan Koyamu , Ali Hassan Y H Al-Ansari, and Alawi Abdulkadir Aljuneid . The draw’s seventh round was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce
Anchored by its mission and values of putting the community first and being an active player in the economic development of Qatar and the well-being of its people, Barwa Bank, Qatar’s most progressive Shari’ah-compliant financial services provider, will be the Main Sponsor of the 32nd GCC Traffic Week, the region’s premier annual traffic safety and awareness event.
Barwa Bank, Qatar’s most progressive Shari’ah-compliant services provider, has announced the appointment of Mr. Nasser Rashid Al-Humaidi as the Group’s Chief Operating Officer (GCOO).
Mr. Al-Humaidi, who will be directly reporting to the Acting GCEO of Barwa Bank Group Mr. Khalid Yousef Al-Subeai, will be developing an integrated structural framework to enhance operational efficiency, boost productivity and streamline processes and procedures by employing the latest financial sector technologies.
Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, announced the names of the fifth round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Mr. Ahmad Hussin Mohammad Aboshaar, Mr. Abdulrahman Abdulsamad A A Al-Mulla, Mr. Alawi Abdulkadir Aljuneid, and Ms. Ameera Abdelaziz Omer Elhusain, each won a cash prize of QR 10,000.
Doha, Qatar – 18 January 2016 – Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, announced the fourth round of draw winners for Thara’a, its Shari’ah compliant savings account. Capping the 2015 series of draws with a dual reward for Thara’a account holders, the draw doubled up the chance for two participants to walk away with the 1 million riyal grand prize. As such, Mr. Salem Said Al Merri and Mr. Alla Hail Marouf each took home QAR 1 million.
The First Investor (TFI), the investment banking division of the Barwa Bank Group, was recognized at the IAIR Awards 2015 for its legal expertise and excellence.
Barwa Bank, Qatar's newest sharia'h compliant banking service provider, was invited to showcase the details and unique features of its new concept branch that was announced to customers in Qatar earlier last month.
The invitation came from Parma University in Italy where Mr. Hussain Fakhri, Head of Marketing Communications, Barwa Bank addressed the students of masters program in Retail Banking, and explained to them the vision and concept behind the branch.
Barwa Bank, the newest financial services provider in Qatar and Qatar Development Bank (QDB), yesterday signed an agreement that enables Barwa Bank to provide its customers with the benefits of “Al Dhameen”, a loan assurance program for Small and Medium Enterprises (SMEs) in Qatar.
The agreement was signed by Mr. Steve Troop, Chief Executive Officer of Barwa Bank, and Mr. Mansour bin Ibrahim Al Mahmoud, Chief Executive Officer of QDB, in a ceremony held in QDB's main branch.
Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the sixth round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Mr. Nasir Al-Qaifi, Mr. Izzeldin Ismail Bashir Adam, Mr. Jamal Abdu A H Al-Ammari, and Ms. Latifa Fahad Sulaiman S O Shamlan, each won a cash prize of QR 10,000.