Qatar Islamic Bank was founded in 1982 as the first Islamic financial institution in the country, and it is the largest Shari’a compliant lender, contributing to much of Qatar’s development.
It now has 42% market share of the Islamic sector with total assets reaching QR 143.3bn (US$39.4bn).
The bank also won a first time A1 rating from Moody’s Investors Service this year with a stable outlook on local and foreign currency deposits. Moody’s further cited that the bank has solid asset quality, sound capital buffers, good profitability, reinforced by its established and growing retail and corporate Islamic banking franchise.
