Qatar First Bank, a leading Shari’ah compliant bank in Qatar, has developed a new open architecture private banking platform which allows shareholders and clients to grow, manage and protect their wealth and assets.

Supported by an extensive international network of partners, QFB’s Private Banking & Wealth Management business line caters to the banking needs of its elite clients and their businesses, while offering access to investment opportunities and innovative solutions.

Leveraging the in-house and international breadth of investment solutions across asset classes, QFB’s Private Banking team opts for a client-centric approach whereby the investment advice is personalised to the financial goals and risk profile of the client. Bespoke Shari’ah compliant solutions are tailored to the functional needs and wants of clients enabling them to both create and preserve wealth, said a press release.

QFB chief executive Ziad Makkawi, commented: “QFB is transforming from being an investment focused to an investor focused entity. This is being reflected in the continued development of our Shari’ah compliant offering across all business lines. We are aware that there is still a great deal of work to be done, and we are investing to achieve our goals.”

“We believe that the listing on the QSE is the beginning of a new era, and our innovative open architecture Private Banking platform complements our ambition to strengthen our position as a major player in the Shari’ah compliant banking arena,” he added.

Nizar Ahmadi, QFB’s head of private banking and wealth management, added that the platform was backed by QFB’s talented and highly experienced team, which was well-equipped to meet the individual needs of its clients.

The private banking and wealth management Shari’ah compliant products include financing, private banking services, innovative investment solutions, as well as family office services covering trusts, foundations, advisory, real estate planning, and statement consolidation. –TradeArabia News Service