PIB awarded best Islamic Bank Twice for 2016

Palestine Islamic Bank was awarded “Best Islamic Bank” in Palestine for the second year in a row by two of the most important specialized magazines including the Islamic Financial News (IFN) and EMEA global financial magazine.

IFN magazine conducts an annual survey to highlight institutions that offer Islamic financial services in a number of markets and sectors, and in which a number of Islamic financial institutions, investors and financial intermediaries, and governmental bodies participate.

PIB also received the award for "Best Islamic Bank” in Palestine 2016 from the EMEA global financial magazine that highlights the major achievements of the region's leading financial institutions and is meant to honor and celebrate the outstanding products and services provided by commercial and investment banks, Islamic banks, private banks, asset management and brokerage institutions, together with the leading law firms in the Middle East region in what is known as the leading banking accomplishments awards in the Middle East.

Mr. Bayan Qasem; Palestine Islamic Bank General Manager received the award during a grand ceremony held in Dubai and pointed to the Bank's customer base having increased dramatically over the past five years saying “We present this award to our customers who trusted us and supported us and we promise them to work hard to provide the best services for them.”

Qasem said winning awards in general for the bank is a proof of the success of the strategies pursued by the Bank; through offering financial services that focus on customers and Shariah-compliance alongside the continued exceptional products and services keeping up with modern times and meeting the needs and aspirations of the public.

He also noted that the Bank was awarded for the second consecutive year in 2016 Best Islamic Retail Bank by CPI Magazine; which asserts the Bank’s position in the market and challenges it to maintain the quality and commitment to the highest professional standards to maintain the level of the Bank.

Islamic finance news magazine was founded in 2006 and is one of the most leading institutions in the sector preparing reports on Islamic financial institutions with a library containing over 60,000 exclusive reports on various aspects of Islamic finance and holds an annual award decided on by an Expert Committee of bankers from non- competing financial institutions where the Committee develops the criteria and foundation upon which the winners of the awards are determined annually.

Whereas EMEA magazine is known as one of the leading specialized publications in the banking and financial sector and is a bimonthly publication providing detailed reports and analytical data about the most notable developments and events in the financial markets within Europe, Middle East and Africa. EMEA applies a number of performance standards and organizational factors when choosing the award recipients including: market share, growth and innovation in addition to corporate strategy.