Qatar Islamic Bank
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 49% share of the listed Islamic banks in Qatar regulated by QCB and approximately 10% of the total domestic banking sector. QIB Group has a stake in a number of Qatari Sharia’-compliant financial services companies. This includes QInvest, its investment banking subsidiary, and its associates Beema (Takaful solutions provider) and Al Jazeera Finance (Consumer Finance company).
The 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 subsidiary established in 2008 covering the financial needs of Qatari individuals and companies in the United Kingdom. Furthermore, the bank has a presence in Lebanon through Arab Finance House and one branch in Sudan.