Latest news with #QIIB
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
QIIB announces winners of its Visa credit card campaign
Tribune News Network Doha QIIB has announced the names of the winners of its special promotional campaign launched in celebration of the 2025 Amir Cup football tournament. The campaign targeted holders of QIIB-issued Visa credit cards. Each winner received a cash prize of QAR 100,000, with total prizes amounting to QAR 500,000. The prize draw was held at QIIB's headquarters under the supervision of a representative from the Ministry of Commerce and Industry, and in the presence of relevant QIIB officials. The winners received their prizes during a ceremony held at the Bank's headquarters, attended by the winners and several senior QIIB executives. The five winners, as determined by the draw, are: Hamad Ali, Fahad Ali AlHanzab, Faisal Ebrahim Al Mohsin, Mohamed Khalil Al-Darwish, and Fahad Hassan Al-Hajri. The campaign was launched on May 6 and ran through May 24, 2025, covering all QIIB Visa credit cardholders. Customers were automatically entered into the draw upon meeting the specified spending criteria during the campaign period. Under the campaign terms, any customer who spent a total of at least QAR 10,000 using any QIIB Visa credit card was automatically entered into the draw. Customers earned one entry for every QAR 100 spent locally, and two entries for every QAR 100 spent internationally or through e-commerce. On the occasion of presenting the Amir Cup campaign prizes to the winners, Talal Al-Jaidah, Head of Banking Products at QIIB, stated: 'We extend our warmest congratulations to the winners. We are truly delighted to present these valuable cash prizes as part of this campaign, launched in celebration of the Amir Cup one of Qatar's most prominent sporting events. The campaign received an enthusiastic response from our customers, reflecting their strong trust in our services, campaigns, and exclusive offers'. He added: 'This campaign reflects our strategy to align banking services with major national sporting events. It strengthens customer loyalty and provides real added value whenever they use their QIIB banking cards'. Al-Jaidah further noted: 'At QIIB, we are committed to continuously enhancing our products, services, and promotional offers to meet our customers' expectations—both in terms of valuable benefits and a rich, rewarding user experience'. He continued: 'Major sporting events like the Amir Cup are a great opportunity to connect with the community and promote a sense of shared spirit. As the tournament's official sponsor, we're proud to support it in meaningful ways, through initiatives that truly speak to our customers' interests and passions'. He concluded: 'Once again, I extend my congratulations to the five winners and thank all our customers who took part in the campaign. Looking ahead, we are excited to introduce more outstanding campaigns and offers that will further enrich the customer experience and drive continued innovation in the way we deliver our banking services'.
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
QIIB awarded Global PCI-DSS certification for information security
Tribune News Network Doha QIIB has once again been awarded the Payment Card Industry Data Security Standard (PCI-DSS) certification for the tenth consecutive year, which represents the highest international benchmark for information security and payment data protection. The certification is issued by global firm SISA to financial institutions that meet the most rigorous cybersecurity standards and apply best practices in this vital domain. Receiving the certification once again highlights the Bank's firm commitment to protecting its customers' data and continuously strengthening its digital infrastructure to keep up with the rapid advancements in financial technology. This is particularly significant given the growing role of PCI-DSS as the leading standard for cybersecurity in financial institutions. Dr. Abdulbasit Ahmed Al-Shaibei, CEO of QIIB, received the certification from Dharshan Shanthamurthy, Founder and CEO of SISA, during a ceremony held at the Bank's headquarters on Grand Hamad Street. The event was attended by Mohammed Jamil Ahmed Hamad, Chief Risk Officer; Shazin Ali, Head of Cybersecurity at QIIB; as well as representatives from SISA Global. Commenting on the achievement, Dr. Abdulbasit Ahmed Al-Shaibei, CEO of QIIB, stated: 'We are pleased to maintain our leadership in protecting customer data through strict adherence to the highest global standards in cybersecurity. Receiving the PCI-DSS certification for the tenth consecutive year, and maintaining compliance with the latest version 4.0.1, reflects our sustained investment in advanced technological solutions to safeguard our payment environment and all of the Bank's systems. At QIIB, information security remains one of our highest priorities, forming the foundation of our customers' trust and the stability of our operations'. Dr. Al-Shaibei added: 'The rapid transformations in the financial sector require banks to be at the forefront of both innovation and protection. In light of this, cybersecurity is not only considered as a support function, but rather as a strategic element integrated into every aspect of our banking operations. Over the past years, we have succeeded in fostering an institutional culture that strengthens employee awareness and encourages active contribution to achieving the highest levels of security and compliance'. He continued: 'We are also fully aware that today's customers are more conscious of their rights and the privacy of their data. In response, we aim to provide a secure digital environment that not only meets compliance requirements but also delivers a seamless and reassuring banking experience that strengthens customer loyalty and positions the Bank as a trusted and leading institution'. The CEO of QIIB affirmed: 'We will continue working closely with our partners in this field, including SISA, which has provided us with valuable insights and support to ensure we stay aligned with the latest cybersecurity standards. In light of the growing challenges, our goal is always to act proactively rather than reactively, ensuring the highest levels of preparedness and long-term sustainability in protecting both our data and that of our customers'. For his part, Dharshan Shanthamurthy stated: 'We congratulate QIIB on this outstanding achievement in receiving the PCI-DSS certification for the tenth consecutive year. The Bank's continued adherence to this high standard, especially with the latest updates such as version 4.0.1, reflects its deep commitment to information security, serves as a leading example in the banking sector across the region'. He added: 'Our collaboration with QIIB has been highly productive, and we are proud to continue supporting the bank on its journey toward digital leadership'. It is worth noting that QIIB was among the first banks in Qatar to obtain the PCI-DSS certification under its latest version. The Bank applies the certification standards across its entire technological environment, not only within its payment systems, further reinforcing its commitment to providing a secure banking experience across all operations while maintaining a high level of responsiveness to cybersecurity challenges in line with global best practices.
Qatar Tribune
7 days ago
- Business
- Qatar Tribune
Fitch affirms QIIB's rating at ‘A' with a stable outlook
Tribune News Network Doha Fitch Ratings has affirmed QIIB's Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook, highlighting the bank's continued strength across key financial and operational indicators. In its latest report, Fitch cited several factors supporting the rating, including QIIB's solid franchise in Islamic banking, strong asset quality, sound profitability, robust liquidity, and relatively low reliance on non-resident funding compared to local peers. The agency noted that the bank maintained high-quality financing assets, with the non-performing financing (NPF) coverage ratio standing at approximately 106% as of first quarter (Q1) 2025 one of the strongest among domestic banks. Fitch also expects QIIB to sustain its profitability, supported by efficient operations and stable customer-based further highlighted that the rating reflects potential support from the Qatari government if needed, underpinned by the sovereign's high credit rating of 'AA' with a Stable Outlook. Commenting on the affirmation, QIIB Chief Executive Officer Dr. Abdulbasit Ahmad al-Shaibei said, 'Fitch's reaffirmation of our 'A' rating underscores the strength of our financial fundamentals and our ability to deliver consistent growth in an evolving market.' He noted, 'This rating reaffirms investor and stakeholder confidence in our strategy and performance. It also reflects the robust support of Qatar's resilient economy, which continues to offer a strong foundation for sustainable expansion.' Dr. Al-Shaibei emphasised that QIIB remains committed to adopting best practices across all areas of banking, with a particular focus on digital transformation, innovation, and delivering value-added Shariah-compliant financial solutions. He concluded by acknowledging the crucial role of Qatar Central Bank, stating, 'We deeply appreciate the sound policies and regulatory guidance of Qatar Central Bank, which continue to provide a stable and secure framework for the banking sector's long-term growth.'
Qatar Tribune
17-06-2025
- Business
- Qatar Tribune
QIIB names prize winners of ‘Joud' savings account's May 2025 draw
Tribune News Network Doha QIIB has announced the 10 lucky winners of the monthly prizes for its 'Joud' savings account, a unique product that offers customers opportunities to win a variety of cash prizes throughout the year, including monthly, quarterly, and annual draws, with a grand prize of QR1 million. The May 2025 prize draw took place at the QIIB headquarters, in the presence of senior bank officials and a representative from the Ministry of Commerce and Industry. The winners of the QR10,000 prizes for the May 2025 draw are Rabie Kamal Ghanem, Abdulla Hussain Al Darwish, Mahmoud Fouad Dalloul, Khalid Hassan Alyafei, Luqman Ghulamsaddique, Rasha Adnan Alhasan, Ibrahim Ali Alsubaie, Reem Khalifa Al Maadeed, Reem Hassan Aldarwish, and Hamad Jaber Al Braidi. It is important to emphasise that the 'Joud' savings account stands out as a competitive product, offering a wide range of benefits to QIIB customers. Among the most attractive features is the chance to win significant cash prizes. In addition to these opportunities, accountholders benefit from quarterly dividends, as well as the flexibility to make deposits and withdrawals based on their needs. The total number of prizes for the 'Joud' savings account from QIIB is 141 throughout the year. This includes the highly anticipated annual grand prize of QR1 million, 20 quarterly prizes (five per quarter) each valued at QR50,000, and 120 monthly prizes (10 per month) each worth QR10,000. Every QIIB customer with a 'Joud' savings account is eligible to participate in these draws. For every balance of QR10,000 maintained, customers receive an additional entry into the prize draws conducted throughout the year.
Qatar Tribune
26-05-2025
- Automotive
- Qatar Tribune
QIIB hands over 3 Lexus cars to grand prize winner
Tribune News Network Doha Ali Hamad Al Mesaifri, QIIB's Chief of Human Resources and Administration, handed over the keys to the three Lexus vehicles , the LX600, RX, and ESto the winner, Sherif Mohamed, during a special ceremony held at the Lexus showroom. The event was attended by several senior bank executives and officials. Sherif Mohamed was selected as the grand prize winner through draw conducted at the end of the campaign, in the presence of a representative from the Ministry of Commerce and Industry and a number of QIIB officials. The handover ceremony of the three luxury Lexus vehicles was the highlight of QIIB's promotional campaign launched in March 2025, in collaboration with Visa. The campaign encouraged customers to use QIIB Visa credit and debit cards by offering them a chance to win three premium cars, with a combined value exceeding QR1mn. On this occasion,Al-Mesaifri expressed his pleasure in presenting another major prize to a valued QIIB customer. He stated: 'We are proud to hand over the keys to three luxury vehicles to our winning customera well-deserved reward in recognition of his loyalty and trust in our services. At QIIB, we remain committed to rewarding our customers with exceptional offers that reflect their aspirations and enhance their banking experience'. He added: 'In designing this campaign, we were keen to offer an unprecedented prizeboth in value and scaleto provide our customers with a genuine incentive to benefit from their cards and further promote the use of electronic payment methods, which have become a central part of modern lifestyles'. Chief of Human Resources and Administration affirmed: 'At QIIB, we view our relationship with customers as a long-term partnership. Through this, we aim to deliver innovative banking products and services, along with meaningful benefits and real added value. The bank will continue to launch impactful initiatives that further strengthen QIIB's position as one of the leading banks in the Qatari market'. Al-Mesaifri concluded his remarks by stating: 'These campaigns reaffirm our strong commitment to supporting the digital transformation of the banking sector and promoting the use of secure and convenient digital paymentsin line with the State's vision to advance the digital economy and provide smart, innovative banking solutions'. Earlier, QIIB had announced that the Visa Card Campaign ran from March 1 to April 30, 2025, and was open to all existing and new Visa cardholders. Each customer earned an entry into the draw for every qualifying purchase, with the chance to multiply their entries based on their spending value. QIIB reaffirms its commitment to continuing to offer the best products, services, and promotions to its customers.
