QIIB wins best Islamic Bank award in Qatar

Earlier last June, the QIIB received the award for the "Best Islamic Bank in Qatar" in the area of sukuk market at the Global Sukuk Summit in London, attended by HE Sheikh Abdullah bin Saoud Al-Thani, the Governor of Qatar Central Bank (QCB). HE Sheikh Dr Khalid Bin Thani Bin Abdullah Al-Thani, International Islamic Chairman and Managing Director received the award at a special event held during the conference. At the event, His Excellency Sheikh Dr Khalid bin Thani Bin Abdullah Al Thani, International Islamic Chairman and Managing Director, was honoured at the event, which has become an important one in view of the great developments in the Sukuk market at the international level. The award is given during the important conference in recognition of the outstanding achievements in the sukuk market in particular and in the Islamic finance industry in general. By winning the award, International Islamic has established its prestigious position, locally and internationally. The bank’s $700m 5-year sukuk raised more than $5bn, which was oversubscribed more than seven times. This reflects the confidence enjoyed by Qatari economy among international investors and reflects the strong financial position of the bank in addition to International Islamic’s high ratings from international and reputable rating agencies. Qatar International Islamic Bank (International Islamic) has come a long way since its establishment as a full-service bank committed to Sharia principles, on January 1, 1991. With 15 branches and offices at convenient locations and some 70 ATMs across Qatar, International Islamic is well-placed to provide a full array of Retail Banking and Corporate Banking services to its growing customer base in addition to the 24 hours Call Center and the internet banking service QIIB Connect.