Qatar-based QIIB recently received the Leadership Award for Sustainable Islamic Finance in recognition of its contributions to ethical banking and ESG practices. Notably, the Union of Arab Banks presented the award during a prestigious ceremony in Beirut. During the event, QIIB’s Chief of Corporate Sector, Omar Abdulaziz Al Meer, accepted the award on behalf of the bank.
Importantly, the award highlights QIIB’s pioneering role in advancing sustainable Islamic finance through responsible investment strategies and forward-thinking product development. Moreover, the Union praised QIIB for integrating environmental, social, and governance (ESG) goals into its core operations.
On this occasion, QIIB CEO Dr. Abdulbasit Ahmad Al Shaibei expressed pride in the achievement. He reaffirmed QIIB’s dedication to strengthening its position in sustainable Islamic finance and supporting ESG-focused innovation. In addition, he noted that the bank’s strategic vision balances growth, ethics, and sustainability.
Furthermore, Dr. Al Shaibei emphasized that QIIB’s approach to Shariah-compliant sustainable finance reflects long-term economic and social responsibility. He stressed that combining Islamic principles with modern sustainability goals helps build a fairer, more resilient financial system.
As part of this journey, the CEO highlighted QIIB’s recent milestones. For instance, the bank launched its first green sukuk, worth $500 million, a key move in its sustainable Islamic finance roadmap. Notably, over 120 global investors participated, showing strong confidence in the initiative.
This sukuk, supported by QIIB’s Sustainable Finance Framework, follows best practices from the International Capital Market Association. Alongside that, QIIB partnered with the Gulf Organization for Research and Development (GORD) to promote green finance and sustainable construction.
Additionally, QIIB introduced the Green Auto Finance product to support electric and hybrid vehicle adoption. This move further enhances its reputation in sustainable Islamic finance and reinforces its environmental commitment.
Looking ahead, Dr. Al Shaibei noted that the award deepens the bank’s responsibility to lead in ESG-driven finance. He confirmed that QIIB will keep prioritizing ethical investments that benefit both society and the environment.
In conclusion, QIIB remains dedicated to innovation in Islamic banking, with sustainability at its core. The bank’s alignment with Qatar National Vision 2030 ensures it will continue shaping the future of sustainable Islamic finance in the region and beyond.
