Qatar Islamic Bank (QIB), Qatar’s leading Islamic bank, held on Wednesday, June 4th, a special networking event for Chief Financial Officers at Doha’s Four Seasons Hotel under the theme “Islamic Banking: Towards Innovative Solutions”. This event aimed at providing a meeting ground for prominent executives from many of Qatar’s top companies.
The first event was aimed at presenting the significant evolution of Islamic Banking over the last years and it was an opportunity to discuss areas of common interest between QIB and the Qatari companies for their day to day financial needs. The event was attended by over 50 CFOs representing different companies from different sectors.
QIB’s Group CEO Bassel Gamal opened the event with a welcome note, highlighting the change in people’s perception of Islamic Banking with the innovations and initiatives QIB and other Shari’a complaint Institutions have undertaken in the last few years.
Mr. Hannah Khoury, AGM – Head of Treasury, talked about Islamic treasury solutions, giving examples of successful companies that had made the transition to Islamic banking. He also highlighted QIB’s team of dedicated Treasury and Capital Markets professionals that are equipped to serve the different corporate needs through a range of customized Shari’a Compliant Products and Services like SPOT FX, Forward FX, Islamic FX Swaps, and Hedging solutions.
QIB’s Treasurer also emphasized on the Bank’s commitment to constantly enhance its spectrum of solutions to meet clients’ increasingly complex needs with regards to Investments, Liquidity and Risk Management.
Mr. Mueed Shafiq, Head of Transaction Banking, talked about Cash Management products such Cash Pickup & Delivery, Dividend Payment Management, Corporate Internet Banking portal and the upcoming new products and services that the Bank will be introducing within 2014.
Mr. Shafiq also presented Trade Finance products – Import Letter of Credit, Export Letters of Credit, Import & Export Collections, Letter of Guarantees and highlighted the advantages of all these products.
The event also covered an overview of Global Islamic Banking by Deloitte ME’s Islamic Finance Group Director, Dr. Hatim El Tahir, and an overview of the Qatari economy presented by QInvest’s Head of Debt Capital Market, Mr. Hani Ibrahim.
To round off the event, there was a networking business session where delegates were encouraged to exchange ideas with their peers, and develop new contacts and build business relationships.