Company profile
Barwa bank is an Islamic bank located in the Middle East in the country of Qatar licensed by the central bank of Qatar as the industrial regulator. The capital structure comprises QAR (Qatari Riyal Rates) 4 billion authorized capitals with QAR 3 billion in their coffers as capital issued. Barwa bank being an Islamic bank has its structures and services pegged on the compliance of sharia laws, which include business banking, asset and investment management, retail and corporate banking and private banking among other necessary utilities. In then year 2009, the bank acquired the largest investment firm in Qatar called the first investor and in the following year, the bank went ahead to purchase first leasing and finance, which are key market players in the field. Qatar is experiencing rapid economic growth and has their GDP as one of the fastest countries worldwide. With the fast economic growth experienced in Qatar, many multinational companies have expressed interests in investing in the country’s financial sector.
Corporate social responsibility
As much as barwa bank is successful it remains committal to providing essential banking services to its customers the bank is deeply concerned about the community it banks and people that form humanity. The bank’s associates continue to champion for a conducive environment for all people to live as well as work in. Barwa values humankind and is ready to do whatever it has to do to make its environment a better and peaceful place to call home. The community, which forms the enabling environment for the bank to operate and the composition of that community, is a top priority to the bank as part of the social responsibility function of the bank. Barwa bank has a clear-cut mission of aspiring to become a bank group mostly recommended in Qatar with lasting partnerships with clients and create lasting value for its shareholders by ensuring profits. The bank is willing to support societal development together with economic development of the environment’s habitants and at the same time upholds their cultural practices not forgetting new technology. Barwa bank is passionate about the youth and the bank is offering growth, learning and development opportunities unique to the youth because they form part of the bank’s development structure. The bank has special development programs designed to equip the youth with necessary skills on campus seminars for Qatari nationals. The bank has plans of sharing sharia finance knowledge more particularly banking methodologies practiced by Muslims.
Awards
Barwa has been an efficient and successful bank with its effort recognized by bagging many awards; in 2013 alone, the bank was voted the best Islamic bank and the outstanding branch design both in the Middle East banker awards. The Islamic finance awards of turkey and Qatar deals of year were also the bank. Still in the Middle East banker awards, the bank was recognized as the fantastic sukuk arranger bank and as the year’s banker among other awards. In 2012 barwa bank was voted as having the best product in the insurance market and the bank rapidest growing bank in the Middle East banker awards to name just but a few. The year before 2012 barwa bank once again made an appearance in the prestigious Middle East banker award as having a new remarkable product in retail finance
References
Arora, A, & Nandkumar, A. (2009). Cash-out or flame-out! opportunity cost and entrepreneurial strategy theory, and evidence from the information security industry. Cambridge, MA: National Bureau of Economic Research.
