Barwa Bank Wins Four Financial Awards by International Finance Magazine for Qatar 2013

LONDON, July 30, 2013 /PRNewswire/ --

Barwa Bank, which provides a full range of Shari'ah compliant banking services including retail, corporate and commercial banking, real estate finance and asset management has bagged four awards in the categories of Best Islamic Bank, Fastest Growing Bank, Best Sukuk Arranger and Best Financial Website Design.

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International Finance Magazine (IFM), the London based online magazine with a viewership in over 200 countries has announced the financial awards 2013 for Qatar.

The Financial Awards-2013 is based on an independent research and a rigorous evaluation process, which includes evaluation from an internal research team and an external research agency. The awardees are also judged based on their customer satisfaction, branch distribution, technology application, regulatory requirements, commitment to corporate governance and their CSR activities; they also have the honor of attending the awards dinner in the mesmerizing city of Dubai, in December later this year.

Steve Troop, CEO, Barwa Bank commented, "We are honored to be acknowledged by IFM Financial Awards for Qatar 2013: they are a reflection of our commitment to growth and to building an innovative and customer focused Shari'ah compliant bank that can lead the way in this growing sector. The bank has grown significantly in both size and stature since it was established in 2008 and these awards demonstrate that with hard work, ambition and good service a young bank can become a leader in a short period of time. We have had a lot to celebrate this year and intend to maintain our momentum as we go forward in future."

Youssef Abillama, CEO of MMG, said "We are delighted to have been selected as the Best Facilities Management Company in Qatar by IFM.  MMG has a long-established reputation for quality and excellence, and this Award pays tribute to the hard work of all the team in Qatar."

Congratulating the winners, Sunil Bhat, Director and Publisher of the magazine said "The awards are based on a thorough analysis of corporate, economic, environmental and social performance assessing issues, such as corporate governance, risk management, branding and new innovations in the industry. We have received over 500 nominations from various organizations, I thank all the organizations for their support and overwhelming response to IFM Financial awards 2013"

Detailed summary of the award winners could be found on the article http://www.internationalfinancemagazine.com/article/International-Finance-Magazine-Financial-Awards-Qatar-2013.html

The recipients of the financial awards 2013 for Qatar are:

Best Islamic Bank
Barwa Bank

Best Commercial Bank
Doha Bank

Fastest Growing Bank
Barwa Bank

Best Internet Bank
Mashreq Bank

Fastest Growing Insurance Company
General Takaful

Best Asset Management Firm
Amwal

Best Financial Website Design
Barwa Bank

Best Sukuk Arranger
Barwa Bank

Best Customer Loyalty Program
Lulu Doha Bank Shopping Card Loyalty Program

Best Customer Service Initiatives
Qatar UAE Exchange

Best Facilities Management Company
MMG Qatar

International Finance Magazine is now accepting nominations for foreign exchange and brokerage businesses. Companies can submit their nominations by filling the nomination form here.

International Finance Magazine headquartered in London, U.K, and read in more than 200 countries is a leading destination for exploring vital ideas through original reporting, insightful analysis and engaging commentary from varying points of view, it covers capital markets, wealth management, Islamic finance and technological articles. Our audience spans mid management decision makers, CEO's, CFO's of leading international banks, insurance companies and other financial institutions. It provides a wide readership with clear and concise reports, concern for environment and highlighting the best of financial institutions and banks across all continents.

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SOURCE International Finance Magazine