Doha, April 30 (QNA) - Dukhan Bank has achieved another worldwide recognition for the outstanding quality of its Private Banking service by winning the World's Best Islamic Private Bank award at Global Finance World's Best Islamic Financial Institutions Awards for 2023 for the second year in a row.

This significant achievement follows Bank's successful transformation into a Qatari public shareholding company by listing its shares on the Qatar Stock Exchange and commencement of trading from 21 February 2023.

Year after year, Dukhan Bank has led the Islamic banking sector as demonstrated by its unrivalled private banking proposition offering an end-to-end portfolio of financing, banking and investment products and services for high-net-worth individuals (HNWIs).

Global Finance is a leading international magazine and industry analyst that evaluates and awards the top performers among banks and other financial services providers on global and regional levels in technology, leadership, brand and sustainability categories in more than 150 countries.

The winners of this year's awards are institutions that contributed to the growth of Islamic financing. They successfully met their customers' needs for Shariah-compliant products with modern and efficient delivery channels, while creating the foundation for continued growth and safety in the future.

Commenting on the recognition, Ahmed Hashem, Dukhan Bank Acting Group Chief Executive Officer, said: "We are extremely proud to win this award and to be named for the second consecutive year as the World's Best Islamic Private Bank by the respected experts at Global Finance. I would like to dedicate this award to our committed and hardworking teams from senior management, head of departments to the entire employees of Dukhan Bank who have worked extremely hard over many years to achieve this level of global recognition." He added: "This award is a testament to Dukhan Bank's unrelenting efforts to offer innovative Shari'ah-compliant products and services to the banking industry for an enhanced customers' experience. The award recognizes Dukhan Bank's position at the pinnacle of Islamic banking as we meet and exceed the growing sophistication and increasing demands of private banking clients, particularly within the digital realm." Dukhan Bank was selected as the winner of the award by the Global Finance editorial team after extensive consultations with bankers, corporate finance executives and analysts throughout the world. The selection team follow a wide array of criteria, ranging from growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Other criteria considered were reputation, customer satisfaction and the opinions of analysts and others involved in the industry. (QNA)