Qatar's Top 30 Companies
Fri 05 Sep 2014 01:51 PM
Qatar Islamic Bank
7

Qatar Islamic Bank

Industry: Finance

Designation: Bassel Gamal, group CEO

Qatar Islamic Bank (QIB) rises one place in this year’s list, thanks to a huge 58 percent rise in its market cap over the last year.  The country’s second-biggest Sharia-compliant lender posted a 15 percent rise in second-quarter net profits to $107m. Assets rose by 20 percent over the same period last year to $24.5bn. QIB has been in the headlines for much of the year due to a partnership with Turkish lender Bank Asya but the deal never materialised.