Jassim bin Hamad: Expanding revenue sources through innovative products and services
Qatar Islamic Bank held yesterday the meeting of the General Assembly headed by His Excellency Sheikh Jassim bin Hamad bin Jassim bin Jabr Al Thani, Chairman of the Bank’s Board of Directors, where the terms of the meeting were approved and approved the proposal of the Board of Directors to distribute additional cash dividends at 55% of the nominal value of the share by 0.55 riyals for each share, bringing the total cash dividends during the year to 80% of the paid capital, or 0.80 Qatari riyals per share.
Sheikh Jassim bin Hamad said that our financial performance this year is a testament to the strong bank’s strategy, its innovative initiatives and its steadfast commitment to providing an exceptional value to our customers, shareholders and society. In addition to financial success, the year 2024 was distinguished by pioneering developments in the field of digital banking services, with environmental and social principles and governance (ESG), and strong partnerships in the corporate sector.
We at the bank added, “We give priority to our customers by setting their needs at the forefront of our operations.” In 2024, we enhanced our basic work and expanded revenue sources through innovative products and services. Our focus on technology adopting, improving cost, and focusing on clients has achieved a record net profit of 4,605 billion Qatari riyals and made it one of the most efficient banks in the world. We have achieved strong proportions of the return on assets and the return of shareholders, which provided rewarding returns to our shareholders and strengthened our confidence in achieving future goals.
The balanced and varied public budget
He continued .. The balanced and varied public budget is the cornerstone of our strategy, which enables us to meet the needs of all sectors of the Qatari economy while adhering to strict risk management practices, including integrating environmental and social principles into our credit policies. With one of the lowest stalled financing rates in Qatar and the region and the continuous increase in customers turning to digital channels, as 99% of the total transactions are now self -service and large contributions from digital sales, the bank has become a standard for operational excellence.
We have already continued to drive digital banking in Qatar by providing innovative services that enhance customer comfort and access to them. Among the most prominent achievements in 2024, we expanded our direct transfer services to new destinations, and we provided the transfer service to the international portfolios and the transfer service for cash receipt, providing immediate financial transfers through the bank’s mobile application. In addition, we launched the first “car store” of its kind in Qatar,