Sponsored by   Mudabala
 
 
BETA
Loading Loading ...
Sat, 20 Mar 2010 | 02:59 GMT
Sat, Mar 20, 2010, 02:59 GMT
 

QIB to expand presence in Asia and Europe

The Peninsula
 
 
24 December 2008
DOHA: The Qatar Islamic Bank (QIB)Qatar Islamic Bank (QIB)Loading... is poised to expand abroad and will develop financial instruments to meet increasing calls for Shariah-related banking and financial services locally and internationally, says its Chairman Sheikh Jassim bin Hamad bin Jabr Al Thani.

In an interview to QIBQIBLoading... in-house magazine 'Al Masraf', Sheikh Jassim said: "QIBQIBLoading... has developed a five-year strategic business plan until 2012. The objectives of this plan are to consolidate and maintain our leading position in Shariah-compliant banking in Qatar and to become a leading global provider of Islamic banking."

He said in order to execute the plan the bank has been totally restructured. External advisors and auditors have been hired to evaluate the bank's information technology and human resources as well as its organisational structure.

"The expansion plan will continue. We are now licenced by the FSA in the UK to open the European Finance House (EFH) there. We will expand our European presence and prepare to open finance houses in France and Germany," Sheikh Jassim said.

"We will also expand our Asian presence, extending the reach of our Malaysia-based Asian Finance Bank by opening representative offices in Indonesia, Singapore and Brunei."

The bank will continue its expansion in Lebanon as well with the Arab Finance House growing from four to seven branches. A feasibility study is in the final stages to expand to Turkey, Kazakhstan and Egypt and the bank is also seriously considering a move into other GCC countries. "Acquisitions are also a part of our growth strategy, and we are evaluating a few options," Sheikh Jassim said.

© The Peninsula 2008

 
x DISCLAIMER

Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.

Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
 
 
Access to this article is subject to specific terms and conditions. Read Disclaimer.
 
 
 
Community Comments (0) - Comment on this article
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
 
 
 
Loading ...
 
Report Abuse
Loading ...
 
 
Loading ...
Zawya Comment Policy:
 
  1. Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
    1.1   Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
    1.2   Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
    1.3   Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
    1.4   Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
    1.5   Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
    1.6   Give the impression that they represent Zawya.
    1.7   Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
  2. The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
  3. Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
  4. By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
 
 
 
 
 
Community Buzz

Stories

Companies

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Consolidated Contractors Company Overseas Construction and Design
Saudi Binladin Group Saudi Arabia Construction and Design
Saudi Telecom Saudi Arabia Telecommunications Services
Saudi Electricity Company Saudi Arabia Electric Utilities
Dubai Electricity and Water Authority UAE Electric Utilities
National Oil Corporation - Libya Libya Oil
Hyundai Engineering and Construction Company - Saudi Arabia Saudi Arabia Construction and Design
Ministry of Health - Saudi Arabia Saudi Arabia Ministries and Municipalities
Roads and Transport Authority - Dubai UAE Regulatory and Administrative Bodies
Ministry of Health - Kuwait Kuwait Ministries and Municipalities
 

Projects

Blogs

 
 

 
 
 
 
 

Site is optimised for viewing at 1024 x 768 with Internet Explorer v6 and Firefox v3.0 and above.
Copyright © 2010 ABQ Zawya Ltd. All rights reserved. Please read our Membership Agreement