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Lesha Financial institution LLC (Public) (the “Financial institution”) previously generally known as Qatar First Financial institution is happy to announce receiving ranking in 4 classes of Euromoney Market Leaders in Qatar, endorsing the Financial institution as a frontrunner in funding banking in Qatar. Along with the “Market Chief” accreditation in Funding Banking in Qatar, Euromoney accorded Lesha Financial institution with “Extremely Regarded” accreditation for its CSR initiatives, and a “Notable” accreditation for its Digital Options and Islamic Finance choices.
Lesha Financial institution has been offering a chance for native traders to enter the US actual property market by way of Shari’a-compliant platform which goals to offer worthwhile outcomes with a beautiful return from its remodeled enterprise mannequin which moved from an asset-based mannequin to a charge income-based mannequin.
Lesha Financial institution remained resilient and managed to document a big enhance of 140% inside previous two years on its AUM (Actual property) to QAR 3,890.6 million by finish of June 2022, and with the objective of producing secure revenue to its traders regardless of the difficult macroeconomics situations.
Lesha Financial institution’s rebranding transfer is bolstered by its new enterprise mannequin and comes as a part of its pure development at a time of necessary transition, pursuing additional progress each domestically and internationally.
H.E Sheikh Faisal bin Thani Al Thani, Lesha Financial institution’s Chairman commented: “We’re happy to be acknowledged by Euromoney as a Market Chief in Funding banking in Qatar. That is really a exceptional accomplishment for the Financial institution. We have now not too long ago achieved our seventh consecutive quarter of profitability, due to our enterprise mannequin and long-term technique. We’re dedicated to sourcing new funding alternatives and increasing our portfolio whereas growing new funding services and products aiming to be on the forefront of Shari’a-compliant funding banking.
We proceed to offer entry to word-class, Shari’a-compliant world funding alternatives tapping into totally different markets, additional diversifying our portfolio, and focusing on enticing returns. We’re repeatedly reaping rewards from our adaptive enterprise technique.”
Mr. Abdulrahman Totonji, Lesha Financial institution’s CEO added: “We’re grateful for the brand new accolades as they reaffirm the achievements of our enterprise mannequin. Along with our recognition as a market chief in Funding Banking, we additionally acquired three extra accolades throughout CSR, Digital Options, and Islamic Finance additional reaffirming that we’re on track. I want to thank all our workforce for his or her laborious work and dedication to take the Financial institution to new heights in addition to our Board of Administrators and shareholders for his or her steady belief and assist.”
Euromoney Market Leaders is an impartial world evaluation of the main monetary service suppliers throughout key classes in every market. Euromoney has been evaluating the world’s main monetary establishments by way of efficiency knowledge, surveys, and trade awards for 30 years.
Lesha Financial institution LLC (Public) is the primary impartial Shari’a-compliant Financial institution approved by the QFC Regulatory Authority (QFCRA) and a listed entity on the Qatar Inventory Change (QSE: QFBQ).
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