Qatar Islamic Bank (QIB) was founded in 1982, becoming the country’s first Islamic financial institution and Sharia’-compliant Bank. Its products and operations are supervised by a Sharia’ board which ensures the Bank adheres to Islamic finance principles. QIB Capital amounted to QR 2.36 billion, while the Bank’s total assets reached QR 93.3 billion at the end of September 2014. QIB is the largest Islamic Bank in Qatar, with a 35% share of the Islamic sector and a 9% share of the banking market overall.QIB conducts its domestic business through 30 branches spread throughout the country in addition to ladies branches and dedicated lounges for affluent (Tamayuz) customers, supported by more than 160 multi-function ATMs.QIB is also one of the largest Islamic banks in the MENA region and pursues a vision to become the world leader in the sector. In addition to its core banking activities, QIB has a stake in a number of other Qatari Sharia’-complaint companies like: Qinvest, Al Jazeera Finance, Aqar Real Estate, Damaan Islamic Insurance Company (Beema). QIB’s ambitions are now international, as evidenced by its affiliate: QIB –UK in London, AFH in Lebanon, AFB in Malaysia, and QIB Sudan.QIB aims to be a bank of the people, for the people, with an ongoing commitment to enhancing its levels of customer service and becoming completely ‘customer-centric’ through adoption of the latest banking technologies. A further part of the Bank’s strategy is closely tied into the financing of national infrastructure projects, major industrial SMEs, and the trade sector.QIB has dedicated proposition for their affluent customers Tamayuz program, in addition to QIB Private Banking who covers the high end customers. QIB has also launched “Aamaly” program to serve small and medium-sized enterprises SMEs.International credit rating agency Standard & Poor’s has reaffirmed QIB’s Counterparty Credit Rating at “A-“with a stable outlook. Similarly, Capital Intelligence (CI) has reaffirmed QIB’s Financial Strength Rating (FSR) of ‘A’, with an upgraded ‘Stable’ Outlook in view of the significant improvement in financing asset quality and stabilized Return on Average Assets. Fitch has affirmed for the fourth year the Bank's long term Issuer Default Rating (IDR) of 'A' with a stable outlook.QIB committed to Corporate Social Responsibility (CSR) activities and seek a progressive role in this field in order to implement CSR strategy through sponsoring activities and conferences across different sectors.QIB has been internationally recognized by a number of bodies as the ‘Best Islamic Financial Institution in Qatar, and the best SME financing provider.
P.O. Box: 559