Masraf Al Rayan launches social role by 'reaching out to Asia'

Confirming the bank's stated intention of playing a significant and positive role in Qatari, Gulf and Asian society Mr. Mustafawi commented "From inception through our initial public offering to today Masraf Al Rayan has proved to be a record breaker. Here we are, just a few days after opening our first branch in Al Sadd Street confirming our sincerity in taking a prominent social and national role in addition to our commercial activities. We simply believe that the concept of giving involves mutuality: if you care for your society, your society will care for you."

"Masraf Al Rayan's management and employees are working hard to build upon our successful start." Mr. Mustafawi added. "We aim to make a tangible contribution to the Qatari economy, which is already booming under the wise political leadership of His Highness The Emir Sheikh Hamad Al Khalifa Al-Thani and His Highness The Heir Apparent Sheikh Tamim Bin Hamad Al-Thani, creating a relationship between Masraf Al Rayan and society for the common good."

Considering Masraf Al Rayan's action an ideal example of how business can positively impact the voluntary sector, Mr. Al-Naimi commended the bank's contribution by saying "Reach Out To Asia aims to help in the education of the underprivileged and disadvantaged by connecting the peoples of the world through social and cultural means thereby enhancing the image of Qatar by showing its genuine concern for social welfare."

Mr Al-Naimi continued, "We believe that the participation of the public and private sectors should be viewed in the context of compassion to humanity and loyalty to Qatar. We consider this generous contribution by Masraf Al Rayan sincere proof of its keenness to earn the confidence of the society to which it is committed and within which it operates".

Following its record breaking IPO, which was almost six times oversubscribed and the largest in Gulf history, Masraf Al Rayan generated $1 billion of capital and has over 600,000 shareholders. It represents a significant milestone as the region's only fully fledged commercial and investment bank with an entirely Shari'a compliant portfolio of products. Masraf Al Rayan also offers customers a new level of service following the implementation of a meticulous staff training program covering both product knowledge and service ethics. The recent inauguration of its first branch with its sophisticated décor, comfortable surroundings and friendly customer service was a significant step in Masraf Al Rayan's drive to establish a superior banking experience.