PIB Awarded Best Islamic Retail Bank

DXB, UAE: 13th December, 2015

Palestine Islamic Bank was awarded the title of "Best Islamic Retail Bank” in the Levant for the year of 2015 at a gala dinner & awards ceremony held and hosted by CPI Financial in Dubai, UAE.

Representing the bank at the ceremony was Mr. Emad Al Saadi – Assistant General Manager for Branches and Ms. Doha Al Wazany – Public Relations Manager at the Bank. The ceremony saw a large number of banking professionals and business executives from across Asia, Africa and the Middle East in attendance. Representing the Palestinian Contingent in the UAE and Palestinian Business Networks was Issam Msalha – The Ambassador of Palestine to the United Arab Emirates.

Commenting on the award, Mr. Maher Al-Masri; Chairman of the Board at the Palestine Islamic Bank, said that being designated with the title of best retail bank in the Levant is an important step that confirms the success of the bank’s strategies and policies in place to improve the level and quality of the banking services we offer our consumers. This award also reflects well on the Palestinian Monetary Authority who plays a vital role in regulating and supporting the banking sector in Palestine allowing it to be at the forefront alongside other international banks.

Mr. Al-Masri congratulated the bank’s customers as well as its shareholders, employees and board members on the occasion of receiving this award confirming the bank’s position in continuing with its journey towards excellence.

Similarly, Mr. Bayan Qasem, General Manager, Palestine Islamic Bank, reiterated the bank’s commitment towards cementing its relationships with its investors and introducing the bank to the Palestinian diaspore and the many investment opportunities available in their homeland that are critical to the success of the national economy.

Mr. Qasem also hailed the important efforts undertaken by the Palestinian Embassy in the United Arab Emirates as well as those of the Palestinian Business Council and the impact these efforts have on developing the economy and supporting it through promising investment prospects.

Mr. Qasem also eluded that the Palestine Islamic Bank strives to form strong relationships with Arab and Islamic Banks across the region to achieve wide reach and to provide faster and more effective services to its customers indicating that the bank has continuously grown its services and elevated the quality of those services through partnerships.

Mr. Qasem also spoke of the bank’s readiness to expand horizontally in the upcoming year by opening a number of branches and offices to cover the country’s many counties, confirming that this expansion is based on the growth indicators of the bank, where the bank achieves growth exceeding 20% in profit in the third quarter of this year.