Classification Description:In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are regulated by the government. Find below the list of financial institutions 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
Qatar’s largest underwriter
Qatar Insurance Company (QIC) has long experience in all aspects of insurance related to energy exploration, processing and production, both on and off shore. We also have the capability and expertise to underwrite and service the largest risks with insurance programmes tailored to meet specific needs of principals, contractors and finance parties. Our clients in this sector include national companies such as Qatar Petroleum, Qatargas, RasGas, and Qatar Fertilizer Company, as well as international companies such as Mobil, Total, Occidental, Elf, Maersk, Halliburton, Atlantic Richfield (ARCO) and British Gas.
QIC also specializes in aviation and marine risks, including hull, cargo, loss of hire and marine liability, providing insurance cover for local, regional and international carriers. Locally-based clients include Qatar National Navigation & Transport Company, Qatar Airways, Qatar National Cement Company, Qatar Flour Mills and Qatar Clay and Bricks Company, with regional clients such as Aramco, United Arab Shipping Company, Arab Maritime Petroleum Transport Company and Gulf Air. International client include British Aerospace, Taylor Woodrow, Costain, Hyundai, Mitsubishi Heavy Industries and Technip.
At QIC, we contribute to the economic and social well-being of Qatar in a variety of ways. We sponsor several major economic, trade and business conferences and forums as well as a number of prestigious sporting and cultural events. Charitable causes and institutions also receive our regular encouragement and financial support including the recent funding of a major new multi-million dollar physiotherapy centre for the Hamad Medical Corporation.
We take pride in our achievements to date and the contributions we have made – not just in the field of insurance – but also in our support for the local community.
QIC is totally committed to continuing our contribution working with our shareholders, business partners, clients and staff, to enhance further the economy, business infrastructure and quality of life for everyone in Qatar.