Mohamed Shiraj

Qatar Islamic Bank (QIB)

Qatar Islamic Bank (QIB) was the first Islamic bank to start operating in the country in 1982 and it is still the largest today: the Bank currently holds 42% share of the Islamic banking sector and approximately 12% of the total domestic banking sector. As of end 2016, the total Shareholders'​ Equity of the bank amounted to QAR 14.2 billion (3.89 billion US Dollars) with total assets reaching QAR 139.8 billion (38.3 billion US Dollars). QIB Group conducts its domestic business through a modern branch network spread throughout Qatar with key branches featuring distinctive centers with specialized relationship managers focused on servicing specific customer segments: Private Banking Centers, Affluent Banking Centers, Small & Medium Enterprises (SME) Centers as well as Ladies Banking Centers. In addition to its branch network, the Bank has accelerated its investments in digital channels providing its services through multi-functional ATMs, mobile and internet banking applications for individuals and companies, and an award winning Call Center. QIB Group has a stake in a number of Qatari Sharia'-compliant financial services companies. This includes QInvest, its investment banking subsidiary, and its affiliates Beema (Takaful solutions provider) and Al Jazeera Finance (Consumer Finance company). QIB Group has established an international presence in key markets so as to be able to serve the cross border needs of its customers as well as to develop a focused presence in geographies with high interest in Islamic banking services. QIB UK is a wholly owned subsidiary, established in 2008, covering the financial needs of Qatari individuals and companies in the United Kingdom. Furthermore, the bank has presence in Lebanon through Arab Finance House, in Malaysia through Asian Finance Bank and one branch in Sudan.