Jamal Abdullah Al Jamal (right), QIIB Deputy CEO, receiving the Banking Excellence for Partnership and Corporate Social Responsibility (CSR) Award, 2018, on behalf of the bank.
DOHA: QIIB, one of Qatar’s leading Shariah-compliant banking services providers, announced yesterday that it was honoured with the Banking Excellence for Partnership and Corporate Social Responsibility (CSR) Award, 2018.
The QIIB had extended its support and sponsorship of the International Conference on Partnership and Corporate Social Responsibility for Islamic Banks and Financial Institutions.
During the conference, Jamal Abdullah Al Jamal, QIIB Deputy CEO submitted a working paper on the historic and present role of Islamic banks in servicing society.
After thanking the organizers, Al Jamal affirmed that: “Community Service is an honor and a responsibility, not an option. Serving the country and its people and contributing to its development is an ultimate life mission, with all honesty and responsibility.”
In his working paper, Al Jamal tackled the role of Islamic banking in serving society, pointing out that “Since it emerged in 1970 and developed into its current form, Islamic banking cannot be separated from the concept of community service. It first emerged and grew as a social need then as an economic need. The society seeks financial services that are in line with their values and principles, guarantee the high levels of trust and meet its various requirements in terms of banking products and services”.
He added “I do not exaggerate if I describe Islamic banking as the most realistic reflection of society’s convictions and values in economy as it does not seek quick profits at any price or encourages financial practices that are harmful to individuals and economy. It is an ethical industry that respects society’s standards and principles, protects its interests, without seeking enrichment at its expenses and without drowning it with excessive consumption that turned many societies into pure consumers”.
He noted that: “Most data and figures indicate that Islamic banks are growing twice as fast as conventional banks, which means that Islamic financial transactions have gained a great reputation, especially in terms of safety and low risks”.
QIIB Deputy CEO highlighted the Bank’s long experience in the field of corporate social responsibility in the State of Qatar, as the bank actively participated in community service programmes since its establishment in 1991 up to this date.
