Classification Description:Banks are financial institutions that play an important role in the financial system of every country's economy. Banks in Doha provide a wide range of services, some of them being Islamic banking, commercial services, equity trading, insurance and investment banking. They offer loans for financing of business, car, home and education. Banks also play active role as financial management consultants. Banks in Qatar are also into e-banking services making online banking experience an easy process. Find below the list of all banks in Doha, Qatar.
Barwa Bank, the newest Islamic bank in Qatar, is licensed and regulated by the Qatar Central Bank.
With Authorised Capital of QAR 4 billion, and Issued Capital at QAR 3 billion, Barwa Bank provides a full range of Shari’ah compliant banking services including retail, corporate and commercial banking, business banking, private banking, real estate finance, structured finance, investments and asset management.
Barwa Bank acquired in 2009 100% of The First Investor Q.S.C. (TFI), the largest closed shareholding Qatari investment banking firm in Qatar.
In July 2010, Barwa Bank acquired First Finance and First Leasing Company, both leading companies in Qatar in their field.
To be regarded as one of the world’s leading Islamic financial services groups, acknowledged for our progressive ethos, excellent service, outstanding results and contribution to society.
We aspire to be the most recommended Islamic Bank Group in Qatar, one that builds long-lasting partnerships with our customers while, at the same time, creates long-term value for our shareholders through the growth of profitable and sustainable businesses. We aim to be the employer-of-choice for talented people in a working environment that attracts, retains, motivates and inspires.
Barwa Bank Group will contribute fully to the development of society and the economic well-being of its residents, upholding traditional values whilst embracing progressive ideas and technologies.
Corporate Social Responsibility
Corporate Social Responsibility is a core element of the Barwa Bank brand. While Barwa Bank is committed to providing banking excellence for our customers and achieving financial success for our investors, two things always come first: people and the communities in which they live. And that is why Barwa Bank, and our associate company Barwa Real Estate Company, toil ceaselessly to create a dignified environment for all to live and work in.
Anchored by its mission and values, Barwa Bank is determined to remain an active player in the economic development of Qatar and the well-being of its people. At the heart of this development is Qatari youth, to whom Barwa Bank offers unique opportunities for learning, growth and development. Barwa Bank will focus on developing young people into top class executives through special development programmes, tailored services and on campus seminars for Qatari nationals. Barwa Bank will seek to educate young Qataris in the principles of Shari’ah finance with particular attention to Islamic banking methodologies.
Barwa Bank has been recognized in the industry as a leader in multiple areas. Below is a list of our latest awards and achievements:
Banking CEO of the Year, The European MENA awards
Islamic Bank of the Year, AIF awards
Qatar Deal of the Year, Islamic Finance News Awards
Turkey Deal of the Year, Islamic Finance News Awards
Best Premium Islamic Credit Card, Banker Middle East Awards
Best Branch Design, Banker Middle East Awards
Best Islamic Bank, Banker Middle East Awards
Best Sukuk Arranger, Banker Middle East Awards
Fastest Growing Bank in Qatar, Banker Middle East Awards
Banker of the Year, Banker Middle East Awards
Deal of the Year, EMEA Award
Highly Commended Best Sovereign Sukuk, The Asset Triple A Islamic Finance Awards
Best Islamic Deal (Qatar), The Asset Triple A Islamic Finance Awards
Best Islamic Bank (Qatar), International Finance Magazine Awards
Fastest Growing Bank (Qatar), International Finance Magazine Awards
Best Sukuk Arranger (Qatar) International Finance Magazine Awards
Best Financial Website Design (Qatar), International Finance Magazine Awards
Fastest Growing Islamic Bank (Qatar), Global Banking & Finance
Best Premium Islamic Card (Qatar), Global Banking & Finance
Best Sukuk Manager (Qatar), Global Banking & Finance
Most Innovative Shari’ah Compliant Product , Global Banking & Finance
Best Internet Bank (Qatar), Global Banking & Finance
Bank of the year (Qatar), Arabian Business Awards
Best Banking Group (Qatar), World Finance
Best Insurance Product, Banker Middle East Product Awards
Fastest Growing Bank, Banker Middle East Awards
Best Institutional Integration, Banker Middle East Awards
Best SME Customer Service, Banker Middle East Product Awards
Best Domestic Corporate Bank, Islamic Banking & Finance Awards
Best Bank, Islamic Banking & Finance Awards
Best Branding, Islamic Banking & Finance Awards
Best CSR Award, Arabian Business Awards
Fastest Growing Company in Qatar, Arabian Business Awards
Best New Retail Finance Product, Banker Middle East Product Awards
Best Bank Branding, Banker Middle East Industry Awards
Commercialbank, Qatar’s first private sector bank, was established in 1975 and has gained international recognition for the high-quality services and products offered to its customers.
Robust growth, strong domestic franchise
Commercialbank is the leading private sector and second largest commercial bank in Qatar by total assets and shareholders’ equity. As a full service commercial bank, Commercialbank offers a complete range of corporate, retail, Islamic, and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar, Oman and Egypt. The Bank’s country wide network includes 29 full fledged branches, including 6 Al Safa Islamic branches and 138 ATMs. In more challenging market conditions, Commercialbank’s financial performance reflects the resilience of its business model, the strength of its commercial position and a stable financial profile. The Bank continues to focus on its core business competencies, with constant vigilance on risk management whilst maintaining a strong capital base and diversified liquidity position.
Listed on the Qatar Exchange, Commercialbank has a market capitalization of US$ 3.75 billion (July 09). The diversified shareholder base includes leading Qatari merchant families as core shareholders, individuals, and local and foreign institutional investors. Commercialbank is the first Qatari bank to list its Global Depository Receipts (GDRs) on the London Stock Exchange, and its offering in July 2008 was the largest globally distributed GDR issue out of the GCC region. Foreign investors are allowed to invest up to 25 percent of Commercialbank capital. The Bank’s EMTN programme and Floating Rate Notes are also listed on the London Stock Exchange.
In May 2009, a notable milestone of progress was achieved with the official inauguration by the Prime Minister of Qatar of the Bank’s new headquarters and branch at Commercialbank Plaza in the West Bay area. The Bank’s commitment to deliver innovative banking services to communities across Qatar was further underlined with the opening of a new branch at Porto Arabia on The Pearl Qatar in the first half of 2009.
Well positioned for sustained profitable growth
Profitable in every year since incorporation in 1975, proactive investments in technology and human capital, together with a strong capital base and underwriting capability, provide a solid foundation for continued growth. Total assets as at end June 2009 were QR 59.0 billion ($16.2 billion). During the first quarter of 2009, the Qatar Investment Authority (QIA) completed the first stage of the subscription process in the Bank’s share capital by investing QR 807 million ,representing 5% of the Bank’s share capital and further strengthening the Capital base to QR 10.5 billion ($ 2.9 billion). and the Capital Adequacy Ratio to 15.6%.
Success of regional diversification
A successful diversification strategy has expanded Commercialbank’s GCC footprint through strategic partnerships with its associated banks, National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of RO 1.8 billion as at 30 June 2009, has 59 branches in Oman, 5 branches in Egypt and 1 in Abu Dhabi. UAB is headquartered in Sharjah, with total assets of AED 7.0 billion as at 30 June 2009 and operates 9 branches in the UAE.
Commercialbank works in close partnership with both banks to increase synergies, cost savings and industry best practice across an increasingly unified structure, with shared business platforms. The strategic ‘Alliance Banks’ structure has greatly increased relationship access to financing and investment banking opportunities in the GCC region, and places the Group in a strong position to play a lead role in fostering the emerging private sector growth.Andy Stevens, the Group CEO, has been with Commercialbank since 1989 and heads a strong team of experienced bankers with regional and international experience.
Commercialbank is an active supporter of the communities it serves. Commercialbank supports a range of worthy causes in Qatar with emphasis on Health, Sport, and Education. Commercialbank is proud to have been the title sponsor of the Qatar Masters international golf tournament since 2006. It is committed to raising the profile of this event to scale new heights and put it on a par with other leading regional and international tournaments. The Commercialbank Qatar Masters, enjoys a global television audience of over 200 million people, and this is projected to grow as the scale and visibility of this event gain momentum. Commercialbank is also the title sponsor of the Commercialbank MotoGP, giving the Bank involvement in two of the most prestigious sporting events in Qatar. We are committed to using sport to project Qatar’s global appeal and use this sporting platform to project its heritage, culture and dynamic business environment on an international stage.
Inspired by Qatar, Commercialbank remains strongly positioned for continued growth and value creation.
Segment 1 Doha Bank is one of the largest banks in the State of Qatar having a dominant position in Middle East banking landscape with 28 state-of-art branches, 4 Islamic branches, 11 e-branches, 11 pay offices, 2 mobile units in Doha, 1 mobile unit in Dubai with more than 100 ATMs. Continuing sustainable performance
Doha Bank has been consistently achieving exceptional growth during the last five years with participative leadership philosophy. Doha Bank maintained its best performance ratios in the Middle East region, including total asset growth, loan growth, deposit growth and shareholder equity growth of more than 30% year-on-year. Doha Bank also achieved more than fourfold growths in Shareholder Equity and seven fold increases in annual net profit in the last 5 years.Expanding global reach
The operations of Doha Bank are spread across State of Qatar with full fledged branches in New York, Dubai and Kuwait, representative offices in Istanbul-Turkey, Tokyo-Japan, Singapore, Shanghai-China, Bucharest-Romania, Seoul-South Korea and London-United Kingdom, and an extremely strong network of correspondent banking relationship.
Segment 2 Heading: One-stop Financial Hypermarket
Further, Doha Bank has made a strategic investment in Doha Brokerage & Financial Services, Non Banking Financial Institution in India, and has also established a fully owned Insurance Company, named as Doha Bank Assurance Company licensed under Qatar Financial Center Regulatory Authority to undertake General Insurance Business, first of its kind in Middle Eastern region. These are in line with Doha Bank’s strategic vision to converge as One-stop Financial Service provider.
Segment 3 Strong international ratings and robust liquidity management
International rating agencies, Moody’s, Standard & Poor, Capital Intelligence and Fitch Ratings, have assigned a stable outlook for Doha Bank owing to its strong financial fundamentals, asset quality, and robust liquidity. Further, in the recent years Doha Bank has diversified and lengthened funding through strategic innovative liquidity management, also first of its kind in Middle Eastern region, through USD 1 billion EMTN program in 2006, USD 350 million syndicated loan in 2007 and rights issue of USD 301 million in 2008 which were oversubscribed at all times. Responsible corporate citizen
Doha Bank has conducted environmental seminars all over the world on Global warming and Climatic change and is also the first financial institution in the region for promoting sustainable-environmental friendly investments as a responsible corporate citizen. Doha Bank has also in its vision, to set-up Climate (Carbon Commodity) Exchange in State of Qatar, first of its kind in Middle East to enhance the welfare of the society. Doha Bank has also been organizing professional seminars regularly as part of continuing education and knowledge sharing on various subjects ranging from Banking, Technology, Risk Management, and Environment etc.Industry-wide growing recognition
Doha Bank has been applauded by renowned financial sector analysts for its pioneering and leadership role in taking Financial Services experience in Middle Eastern region to new heights. In recognition of Doha Bank’s effective branding building journey over the last 6 years, the 17th Asia Brand Congress awarded Doha Bank with the “Brand Leadership Award 2008”, being the only financial institution to be recognized by the congress. Euro money award for excellence in 2008 and 2005 adjudged Doha Bank as the Best Bank in Qatar while Banker Middle East adjudged Doha Bank as the Best Globalisation efforts by a Middle East Bank and Best Green Bank for 2008. In addition, Banker Middle East adjudged Doha Bank as the Best Commercial Bank for 2007, Best Bank in Middle East for 2006 and Best commercial Bank in Middle East for 2005. Further, The Banker Financial Times adjudged Doha Bank as Banker of Year for Qatar for 2003 and 2004.Indeed, performance, innovation, security and quality are the hallmarks of Doha Bank’s sustaining performance.
All above for inbound and outbound are handled by professional staff who are known to be the backbone of the organisation and they also have special experience in handling groups.
The International Bank of Qatar (ibq) is a well established private sector bank that has been operating in Qatar since 1956. The bank offers a full range of products and services in retail, private and corporate banking.
ibq today is 30% owned and managed by the National Bank of Kuwait (NBK), the largest bank in Kuwait and the most highly rated in the Middle East.
ibq has a growing network of branches and ATMs across the country and is pursuing an ambitious growth strategy that will see this network expand further over the coming years. The association with NBK also provides the bank with an extensive international reach covering the major financial centres in Europe, the Middle East, Asia and US making ibq unique amongst its local competitors.
ibq aims to build strong partnerships and long lasting relationships with all its customers and has made customer experience a focal point for all its activities. This commitment has won the bank the title of, “The fastest moving bank in the Middle East” in The Banker magazine's Top 1,000 World Bank survey 2009, "Best Retail Bank in Qatar 2011" from Arabian Business, "Best Private Banking Services in Qatar" Award for 2012 by 'Euromoney Magazine', "Best Credit Card in Qatar" Award from the Banker ME Magazine and "Best Customer Service in the Middle East" Award for 4 consecutive years 2008, 2009, 2010 and 2011 from Banker Middle East Magazine.ibq offers unparalleled level of personalised service at all its touch points and offers a range of superior and flexible products and services in all its retail offerings of accounts, loans and cards. ibq offers an elite banking service with a range of premium benefits for high net worth customers.
The corporate banking division of ibq provides in-depth expertise and a range of business banking solutions and specialists services including loans and finance, trade finance, treasury and cash management services.
Qatar Islamic Bank (QIB) was founded 25 years ago and was the first Islamic and Sharia compliant bank in Qatar. Today the Bank enjoys the leadership position within the Islamic banking sector and holds 10% share in total Qatar banking sector.
QIB was the pioneer in launching Islamic financial products, Sharia compliant, for retail, corporate and private banking and operates today in Qatar via 15 branches and 85 ATMs. QIB is also the pioneer in successful real estate investment funds in UK, USA and France.
QIB has established and invested in Islamic financial institutions such Arab Finance Bank in Lebanon, Asian Finance Bank in Malaysia, Gulf Finance House in Bahrain, Tadamun Islamic bank in Yemen and QInvest in Qatar. The bank has also stakes in Real estate and insurance companies such as Al Jazeera Islamic Company and Aqar Company in Qatar and Solidarity insurance company in Bahrain. QIB is also in the process of establishing European Finance House (EFH) in London.
Board of Directors
QIB Chairman is HE Sheikh Jassim Bin Hamad Bin Jasim Bin Jabor Al Thani
QIB Managing Director is Mr Abdullatif Bin Abdulla Al Mahmoud
QIB Chief Executive Officer is Mr Salah Jaidah
Mr. Mohammed Bin Issa Al Mohanadi
Mr. Abdul Raahman Abdulla Abdul Ghani
Mr. Mansour Al Muslah
Mr. Issa R. Al Rabia Al Kuwari
Mr. Saad Mohammed Fahad Buzwair
Mr. Abdulla Bin Saeed Al ledah