QInvest, Qatar’s leading investment group and one of the most prominent Islamic financial institutions globally, announces that it has been named ‘Best Islamic Real Estate Finance Provider’ at the Global Finance World's Best Islamic Financial Institutions Awards 2015.
This year’s winners have been selected from amongst the banks that made the greatest contribution to the growth of Islamic financing. The awards recognise the financial institutions which have successfully met their clients’ needs for sharia’a-compliant products, whilst creating the foundation for continued growth in the future, via the most efficient delivery channels.
Commenting on the award Tamim Hamad Al-Kawari, Chief Executive Officer of QInvest, said:
“We are delighted to have been recognized by Global Finance as the Best Islamic Real Estate Finance Provider for the second consecutive year. Real estate investments yielded strong returns for QInvest in 2014, and this is a trend we expect to continue. We will continue to play an important role in fostering the growth of Islamic finance and the development of innovative shariah-compliant products to meet our clients’ needs across the region.”
During the selection process, both quantitative and subjective factors were assessed. Quantitative criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Among the subjective criteria considered were reputation, customer satisfaction, and the opinions of analysts and others involved in the industry.
Global Finance publisher and editorial director, Joseph D. Giarraputo, said:
“The range of Islamic finance products and structures is growing, providing greater opportunities for global participation in the market and use of shariah-compliant funding mechanisms.”
“The winning firms in our annual awards provide the safety and security that is essential to users of shariah- compliant products while creating new and innovative structures that accord with the rules of Islamic finance.”