04 April 2012
With reference to the story published in some of the media channels with regards to the Memorandum of Understanding (MoU) signed in Khartoum to establish a new Islamic Bank in Doha citing mistakenly QIB as a signatory, we would like to confirm that QIB was not part of this initiative.

We take this opportunity to welcome this initiative, and we are delighted that the State of Qatar is a founding member and a host for this new bank. This will have very positive repercussions on the Islamic finance industry regionally and globally, and will position Qatar as an Islamic banking hub.

-Ends-

For Media Enquiries please contact:
Mohamed Samy, Account Manager
Action Qatar
Tel: 00974 44361499
Email: samy.m@actionprgroup.com

© Press Release 2012