Steve Troop (left), CEO of Barwa Bank, and Hussain Al Abdullah, Head of Retail Banking, receiving the awards.
DOHA: Barwa Bank Group has been named the winner of Banker Middle East Product Awards 2013, for both Best Branch Design and Best Premium Islamic Card for a Platinum Credit Card.
Barwa Bank received the awards from CPI Financial on April 22, 2013, at an event held at the Barwa Bank Headquarters.
This is the 6th awards programme held by CPI Financial, publishers of Banker Middle East, to recognise banking products and services that are either exceptionally innovative or have generated excellent financial results and growth in market share.
Steve Troop, CEO of Barwa Bank, said: “Winning the Best Branch Design and Best Premium Islamic Card awards are notable achievements and we are pleased that the Banker Middle East Product Awards have recognised our efforts in maintaining high-quality, value-oriented products and services. This distinction will definitely add more momentum to the further expansion of our activities and enable more clients to enjoy Barwa Bank’s high quality products and services tailored to specific customer groups.”
Hussain Al Abdullah, Head of Retail Banking, said: “We offer the premium card to our customers with an inbuilt loyalty program, a unique fee based model and a host of high net worth individual benefits associated with it. As the fastest growing Shariah compliant bank in Qatar, we have been working tirelessly to give our customers a new Shariah compliant experience, unseen in the market to date - one that provides innovative products and first class service, while at the same time being aligned with our customers’ ethical beliefs. We are the only bank in Qatar offering an Islamic Premium Credit Card, a good example of how we are delivering on our vision.”
Barwa Bank was the first to launch Qatar’s first Shariah compliant credit card that enables customers to earn Barwa Bank Loyalty Points that can then be converted to Qatar Airways Privilege Club Qmiles - reward miles as part of the airline’s passenger loyalty programme.
The Islamic fee-based credit card has been carefully developed with Islamic financial expertise, to ensure that the product is within the guidelines of Islamic finance and is 100 percent Shariah compliant.
Passengers can use Qmiles to avail award tickets with Qatar Airways to fly to more than 100 destinations worldwide. One Barwa Bank loyalty point is equivalent to one Qatar Airways Privilege Club Qmile.
On becoming a Platinum member customers receive a bonus of 5,000 Barwa Bank Loyalty Points that can be converted to 5,000 Qmiles. In addition, it has no joining or annual fee, up to two free supplementary cards, cash withdrawal up to 100 percent of the total assigned credit limit as well as free SMS alert service for all transactions.
In addition, customers can choose to pay either the full monthly balance every month or just a minimum payment as low as 3 percent.
The Peninsula
