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Fri, 09 Jan 2009 | 03:03 GMT

Qatar Islamic Bank   (QIBK.DSM)
Also known as: Al Masrif, QIB
Sector | Industry
Financial Services | Commercial Banks - Islamic
 
Country of Origin
Qatar
Last Trade
79.50 QAR
+ 1.53%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Jun 10, 2008
 
Joint Stock
 
 
Provides commercial banking services including deposits, loans and credit cards, letter of credit and bank guarantees; asset management services including fund and portfolio management; brokerage services; real estate financing and development all in accordance with Islamic principles.
1982 (July)
622 (Company)
92
Al Rayyan
Alysr
Badr
 
Manasek Card
Sanabel
 
 
Mobile Banking
Online Banking
 
 
Qatar (23)
 
 
 
 
QIBK 
Ordinary 
QAR 
 
 Key Officers
HH Sheikh Jassim Bin Hamad Bin Jassim Bin Jabr Al Thani
Chairman
Salah Jaidah
Chief Executive Officer
 
 Contact Details
Address:
Qatar Islamic Bank Building
Grand Hamad Street
P.O. Box 559
Doha
Qatar
 
+974 440-9409
 
+974 441-2700
 
info@qib.com.qa
 
www.qib.com.qa
 
www.asianfinancebank.com
www.shardlondonbridge.com
www.europeanfh.com

 
  Latest Headline
FORECASTS: Qatar Market Cos' 4Q Net Profit - Global - Zawya Dow Jones Newswires
 
  Business Overview
The Qatar Islamic Bank (QIB) provides Shariah-compliant personal and corporate banking through a network of 18 branches across Qatar, as of 2007. Established as the first Islamic bank in Qatar in 1982, it developed into one of the top ten listed companies in the country with QAR15.48 billion (USD4.25 billion) in market capitalization by the end of 2006.

QIB's subsidiaries include Al Jazeera Islamic CompanyAl Jazeera Islamic CompanyLoading..., an Islamic financial services company and Al Aqar Real Estate Development and Investment. The Bank's investments include the Arab Finance HouseArab Finance HouseLoading..., which was established in Lebanon in 2003 with a capital of USD100 million. QIB and the Gulf Finance HouseGulf Finance HouseLoading... incorporated QINVEST in the Qatar Financial CentreQatar Financial CentreLoading... in 2006, with a capital of USD1 billion. QIB entered the Far East in April 2007, with the establishment of the Asian Finance Bank (AFB). QIB established the European Finance House (EFH) in London to become operational in 2007. EFH will draw investments from Europe, manage real estate assets, and provide Islamic investment services in Europe.

The bank's 2007 financing projects include co-financing an Airbus plane for Qatar AirwaysQatar AirwaysLoading..., co-financing of the QAR225 million (USD62 million), Al Waab cityAl Waab cityLoading... project, and the QAR228 million (USD63 million) financing of Al Faisal Tower. QIB is also in the process of establishing a mega commercial and investment bank in Sudan with a capital of USD1 billion, and a bank in Pakistan with paid-up capital of USD100 million.

QIB has plans to increase its branches in Qatar to 22 by the end of 2007.
 
 
 Major Shareholders
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  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Asian Finance Bank Malaysia 70.00%
European Finance House United Kingdom 66.00%
Al Aqar Real Estate Company Qatar 49.00%
Al Jazeera Islamic Company Qatar 30.00%
Arab Finance House (Holding) Lebanon 28.80%
QInvest Qatar 25.00%
Commercial Markets Company for Property Development Qatar -
Mackeen Real Estate Investment and Development Company Qatar -
Investments
 
Name  Country  Holding
Solidarity Bahrain 10.00%
Arab Finance House Lebanon -
Belkesco Bahrain -
Islamic Development Company - Sudan Sudan -
Tadhamon International Islamic Bank Yemen -
Funds
 
Name  Country  Holding
Al Sanabel Fund Qatar -
Bader Fund III United States -
Dhow MENASA Opportunities Fund Qatar -
Rayyan Fund II France -
Developments and Projects
 
Name  Country  Holding
Shard of Glass Tower United Kingdom 20.00%
Al Faisal Tower Qatar -
Al Rames Tower Qatar -
Al Sulaiti Tower Qatar -
Al Tadamon Al Islami Bank Tower Sudan -
Sheikh Abdullah Tower Qatar -
The Judicial Courts Tower Qatar -
Related Organizations
 
Name  Country  Holding
Accounting and Auditing Organization for Islamic Financial Institutions Bahrain -
 
 
  Representatives
Auditors
 
PricewaterhouseCoopers Qatar
 
Law Firms
 
Ali Abdulla Jaafar Law Office
 
 
 
 Summary Financials
This Requires Subscription
 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
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