Qatar Islamic Bank

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Recent Articles

• Qatar Islamic Bank posts 46% rise in profit23 October 2008

  World's fourth-largest sharia compliant bank announces results for year to Sept 30.

• New wave of ATM fraud hits Qatar banks8 October 2008

  Qatar Islamic Bank and HSBC send out warning text messages to customers.

• Qatar Islamic plans listing international units6 September 2008

  Lender to list international units in bid to develop global Islamic banking hubs.

• Qatar Islamic says bonds among financing options27 August 2008

  Need to refinance bridge-financing will still depend on market conditions.

• Qatar Islamic Bank Q2 profit soars 72% 16 July 2008

  Returns on finance for huge real estate projects seen pushing second-quarter profits to $109mn.

• QIB in $5bn Malaysian deal15 June 2008

  Qatar Islamic Bank signs MoU with Gulf Petroleum Berhard for financing of oil, gas complex.

• Qatar readies $9.8bn EU property investment27 May 2008

  State-backed investors eyeing prime commercial properties in European centres.

• Qatar looks to lure New York investors20 May 2008

  Nine Doha-listed companies showcase their wares to world's largest capital markets.

• Increased lending boosts Dubai Islamic profit29 April 2008

  Bank sees Q1 profit rises 31% to $151.4mn, helped by lending to UAE's realty sector.

• Masraf Al Rayan announces $59.85mn Q1 profit21 April 2008

  Qatar's second-biggest Islamic lender says 2008 first-quarter profit grew five-fold.

• Qatar bank allows 49% foreign ownership16 April 2008

  Islamic bank Masraf Al Rayan increases foreign ownership limit to tap global interest.

• Qatar to launch $1bn Islamic fund4 March 2008

  Sharia-compliant Dhow Gulf Opportunities Fund aiming to attract investment to Doha and Gulf region.

• Qatar Islamic Bank rakes in record profits16 January 2008

  Gulf lender plans to sell stock to shareholders to raise its capital by 20% after record Q4.

• QIB borrows $300mn, plans sukuk25 December 2007

  Standard Chartered and ABN Amro contributed to murabaha loan, banks will also arrange Islamic bond.

• Qatar Islamic optimistic on UK banking licence27 November 2007

  Gulf's fourth-largest Islamic lender plans to list shares of joint venture on LSE.

• Qatar Islamic launches $550mn funds28 October 2007

  Two investment funds will invest in Qatari stocks complying with Islamic law, bank says.

• Record profit for Qatar Islamic16 October 2007

  Country's third-largest lender posts biggest ever net income of $98mn in Q3, but still misses analyst forecast.

• Islamic marine fund launched4 October 2007

  Middle East and Malaysian investors aim to cash in on sea freight boom.

• Qatar developer to sell $150m Islamic bond21 June 2007

  Salam Bounian will sell a 10-year Islamic bond to fund shopping mall construction.

• QIB says 2007 profit to grow 25%15 May 2007

  Qatar Islamic Bank expects profit to grow 25% this year as it expands in Qatar and abroad.

• QIB launches Sanabel Islamic Fund30 April 2007

  Qatar Islamic Bank (QIB) is to set up a QR1 billion (US$274.8m) fund to invest in stocks listed on the Doha bourse, the worst-performing exchange in the GCC this year QIB and Global Investment House of Kuwait will manage the fund, called Sanabel.

• Banking on Sudan's economic revival30 April 2007

  Qatar Islamic signs MoU ahead of $1bn Sudan bank startup.

• QIB considering $1bn Sudan unit29 April 2007

  Qatar Islamic Bank is studying a Sudanese venture with partners in the Gulf region.

• Qatar Islamic to plunge into falling Doha bourse7 April 2007

  Islamic lender links up with Kuwait’s Global Investment to announce Sanabel fund.

• QIB to finance Airbus purchase26 March 2007

  Qatar Islamic Bank enters into a Shariah compliant lease-to-own agreement with Qatar Airways.