Our Shareholders
- H.E. the Prime Minister Sheikh Hamad Bin Jassem Al Thani
- Qatar Islamic Bank S.A.Q
- Groupe Financière Centuria
- Founding Development Team
Qatar Islamic Bank (QIB)
Heading the consortium behind European Finance House is the forward-thinking Qatar Islamic Bank. With over 25 years experience in Islamic finance, QIB has a proven track record of developing and implementing Shari’a- compliant financial concepts. A leading force in Islamic banking across the world, QIB is innovative in its field, making it the perfect partner for an ambitious international bank such as European Finance House. The support and expertise of an organisation that continues to push Islamic finance forward, means that European Finance House is well placed to become the leading Islamic bank in Europe.
- Qatar Banking Sector
- Banking Sector Assets $ 60.4bn
- Islamic Banking Segment Assets $ 11.2bn
- QIB Size
- With $5.3 bn assets, QIB represents 9% of the banking sector
- Market capitalization of $4.1 bn
- QIB Market Positioning
- Largest Islamic Bank in Qatar with 15 branches
- Global operations in 6 countries (Malaysia, Lebanon, Bahrain,Yemen, Qatar and UK)
- Current Fitch Rating
- Short Term Foreign Currency - A2
- Long Term Foreign Currency - A-
Impressive record of business growth without jeopardizing profitability
Future Strategy
- 2007
- 30% growth in assets by end September 2007
- Trailing 12 months profits indicate a 20% increase in net profit
- Cost income ratio for end September 2007 remains attractive at 13%
- Domestic Plans
- Domestic business growth in line with high economic growth rate in Qatar
- Focus on enhancing fee income by launching various funds
- Use of securitization for optimal use of shareholders capital
- International Plans
- International operations to be expanded to 16 countries by 2010
QIB Strategic International Network
