Press Release
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, has been selected as Co-Lead Manager on the Government of Dubai’s $750m Sukuk issuance which is the first sovereign Sukuk of 2013 in the region.
Barwa Bank has opened the year in the Debt Capital Markets in the same manner as the previous, being chosen for the second time as Co-Lead Manager by government of Dubai, for what is one of the most sought after credits in the MENA region.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, hosted a handover ceremony in which a cheque worth QAR400, 000 was presented to Qatar Orphan Foundation (Dhreima) at Barwa Bank Headquarters on Wednesday 16 January 2013.
The donation was made by Barwa Bank to help support the local charity in the care for orphans in Qatar. Attending the special event was Steve Troop, CEO, Barwa Bank, Khalid Kamal, General Manager, Dhreima and.
Barwa Bank, Qatar's fastest growing Shari'ah compliant bank has announced the winners from the first round of its special “Transfer Your Liability”promotion. Three of its retail customers have won 100,000 Barwa Bank Loyalty Points that can be converted to Qatar Airways Privilege Club Qmiles, when they transferred their liability to the bank.
Mercy Wangari Wangware, Abdul Karem Abdullah Atif Alyazidi and Hussein Mohamed were the lucky Barwa Bank customers who will receive 100,000 Qmiles for transferring their finances to Barwa Bank.
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, took part in blood donation at Hamad Medical Corporation (HMC) mobile unit at the Barwa Bank Head Quarters last week. HMC later awarded Barwa Bank with a certificate in recognition of its support.
Employees from across the bank’s branch network turned out to give blood during the one day blood donation drive in order to show their support for the national blood donation campaign launched recently by HMC in response to the growing demand for blood.
TFI US Real Estate Fund, Hines and Archstone, developers of CityCenterDC, announced today the signing of a lease with Covington & Burling LLP (Covington) as the anchor office tenant of the landmark, mixed-use development in downtown Washington, D.C. CityCenterDC is one of the largest downtown developments currently underway in the United States. With the execution of the Covington lease, the office buildings are now more than 80 percent pre-leased.
TFI US Real Estate Fund, Hines and Archstone, developers of CityCenterDC, announced today the signing of a lease with Covington & Burling LLP (Covington) as the anchor office tenant of the landmark, mixed-use development in downtown Washington, D.C. CityCenterDC is one of the largest downtown developments currently underway in the United States. With the execution of the Covington lease, the office buildings are now more than 80 percent pre-leased.
The Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking group, is proud Silver sponsor of the two day Qatar International Businesswomen Forum (QIBWF), which started today at the St. Regis Hotel Doha, Qatar.
Barwa Bank demonstrates its support for QIBWF, a major annual event held under the patronage of HH Sheikha Moza Bint Nasser. The bank’s Head of Private Banking, Aicha H Meddah will be speaking during forum which is set to examine the political and economic role of women in the region.
Barwa Bank, Qatar's fastest growing Shari'ah compliant banking service provider, has launched Qotof; a suite of financial packages aimed at assisting local corporations achieve their business objectives and most importantly save money.
Barwa Bank has put together an array of selected products, which until now would have been sold separately. The result: Business Banking “bundles” that are highly cost effective, enabling business to considerably reduce expenses while offering an enhanced banking experience.
The Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking group, is proud Silver sponsor of the two day Qatar International Businesswomen Forum (QIBWF), which started today at the St. Regis Hotel Doha, Qatar.
Barwa Bank demonstrates its support for QIBWF, a major annual event held under the patronage of HH Sheikha Moza Bint Nasser. The bank’s Head of Private Banking, Aicha H Meddah will be speaking during forum which is set to examine the political and economic role of women in the region.
Barwa Bank, Qatar's fastest growing Shari'ah compliant bank, has launched its first fund, “The First Investor GCC Equity Opportunities Fund” (the “Fund”). The Fund is managed by The First Investor, (TFI), the investment banking subsidiary of Barwa Bank Group.
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, took part in blood donation at Hamad Medical Corporation (HMC) mobile unit at the Barwa Bank Head Quarters last week. HMC later awarded Barwa Bank with a certificate in recognition of its support.
Employees from across the bank’s branch network turned out to give blood during the one day blood donation drive in order to show their support for the national blood donation campaign launched recently by HMC in response to the growing demand for blood.
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, has been appointed Co-Lead Manager for the Republic of Turkey’s debut Sukuk and, in the same week, has been ranked amongst the top ten for International, Global and MENA region Sukuk arrangers in the Bloomberg Islamic Finance league tables (2012 – ytd*) Ranking as of 17 September 2012.
Barwa Bank has been chosen as a Co-Manager for Turkey’s first Sukuk transaction worth US$1.5bn, following a succession of high profile arranger positions for the bank.
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, has been appointed Co-Lead Manager for the Republic of Turkey’s debut Sukuk and, in the same week, has been ranked amongst the top ten for International, Global and MENA region Sukuk arrangers in the Bloomberg Islamic Finance league tables (2012 – ytd*) Ranking as of 17 September 2012.
Barwa Bank has been chosen as a Co-Manager for Turkey’s first Sukuk transaction worth US$1.5bn, following a succession of high profile arranger positions for the bank.
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, acted as Joint Lead Manager on the recent $800 million five-year Sukuk for Saudibased Islamic Development Bank (IsDB).
Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking service provider, has been named the winner of Banker Middle East Industry Awards 2012 for both “Fastest Growing Bank in Qatar” as well as “Best Institutional Integration Award.”
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, the sole sponsor and host of a special fund raising gala dinner held to celebrate the return of the two Qatari diving champions, volunteers of Qatar Charity (QC), who climbed Mount Kilimanjaro, the highest mountain in Africa to ncrease awareness and encourage donaMons towards the famine that threatens millions of people in West Africa.
Barwa Bank, Qatar's fastest growing Shari'ah compliant banking service provider, announced that one of their Retail Banking customers is the lucky winner of a trip to the London Olympics from Visa. Nader Saeed Hassan won the trip for two, courtesy of Visa, to the London 2012 Olympic Games simply by using his Barwa Bank credit card between January 5th – March 5th 2012. Mr Hassan will now enjoy a trip of a life time and experience all the Olympic excitement for himself in the UK’s capital.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider is offering a unique Shari’ah Compliant 3-year Capital Protected Notes linked to the Turkey and Indonesia equity markets.
The Turkey Indonesia Equity Capital Protected Note is an investment opportunity for investors seeking potentially higher returns with 100% capital protection. The growth is based on the performance of a selected basket of stocks in two high growth emerging markets: Indonesia and Turkey.
TFI US Real Estate Fund, Hines and Archstone, developers of CityCenterDC, confirmed today the execution of an exclusive letter of intent with a global law firm, Covington & Burling LLP, as the anchor office tenant of its landmark, mixed-use development in downtown Washington, D.C. CityCenterDC is widely considered one of the largest downtown developments currently underway in the United States. Upon execution of the lease, the office space will be more than 80 percent pre-leased.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, sponsored Pearl Initiative, the private sector-led non-profit organization dedicated to the promotion of good governance, transparency and ethical business practices in the GCC, to host internationally recognized and respected Leadership Expert, Author and Speaker Robin Sharma in an event on Sunday, 20th May 2012 entitled “Integrity and Leadership for GCC Youth”
TFI-Hines Brazil Income Real Estate Fund announces its first seed acquisition by investing in the iconic World Trade Centre complex in Sao Paulo, Brazil. This investment represents the first closing of the Fund. The announcement was made by The First Investor (TFI), the investment banking division of Barwa Bank Group. Barwa Bank is also a cornerstone investor in the Fund, together with US based Hines International Real Estate Holdings.
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, welcomed back Ziyad Rahim, its Head of Market Risk, who returned from the Sahara Desert in Morocco after participating in the 250km Marathon Des Sables (MdS). Ziyad was the only representative from Qatar to partake in the seven day event. In March, Ziyad also completed the Antarctica Marathon and became the first person to run these two extreme marathons in the space of one month.
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank,acted as Co-Manager on the Government of Dubai’s recent $1.25bn Sukuk issuance.
The Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking group, is the first financial institution to become an EMEA board member of MEF, the global community for mobile content and commerce.
Diane Alphonse, Acting Head of Marketing, Communications & PR, Barwa Bank, along with other board members, was elected during the 10th AGM at MEF Connects 2012, attended by 600 industry leaders, during the Mobile World Congress in Barcelona.
Barwa Bank, Qatar's fastest growing Shari'ah compliant banking service provider, has launched the country's first Shari'ah compliant credit card that enables customers to earn Barwa Bank Loyalty Points that can then be converted to Qatar Airways Privilege Club Qmiles - reward miles as part of the airline's passenger loyalty programme.
The Islamic fee-based credit card has been carefully developed with Islamic financial expertise, to ensure that the product is within the guidelines of Islamic finance and is 100% Shari’ah compliant.
Barwa Bank Group has announced a 60% increase in basic salaries and allowances for its Qatari employees.
Mr. Steve Troop, CEO, Barwa Bank Group commented: “Attracting, retaining and motivating the right people is central to our growth strategy at the Barwa Bank Group. We are looking to attract the best Qatari talent, to develop their skills and to help them build careers in shari'ah compliant banking and financial services.”
Barwa Bank Group announced that the Board of Directors, at its meeting held on 19th April 2012, approved the financial results for the year ended December 31, 2011.
The Group recorded very strong growth in both balance sheet and profitability, with Net Income for 2011 up by 882% at QR244 mn compared to QR 25mn in 2010. These results from the Shari'ah compliant banking group start-up, demonstrated an ability to generate revenue, keep costs under control and engineer an early move to profitability.
Key features of the 2011 financial results
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, has been appointed Co-Lead Manager for the Republic of Turkey’s debut Sukuk and, in the same week, has been ranked amongst the top ten for International, Global and MENA region Sukuk arrangers in the Bloomberg Islamic Finance league tables (2012 – ytd*) Ranking as of 17 September 2012.
The Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking group, is participating in the Annual Qatar Career Fair (QCF), from the 1st – 5th April at the Qatar National Convention Centre (QNCC). Mr. Steve Troop, CEO, Bawa Bank commented, “The QCF offers us a great opportunity to engage with Qatari youth. As a fast-growing business, we are keen to attract Qatari talent interested in building a long-term career with Barwa Bank. We are committed to nurturing and supporting local talent through training, and professional development to create a talent pool of young bankers.
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.