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Qatar Islamic Bank (QIB), Qatar's leading Islamic bank, has announced the opening of its new headquarters in the United Kingdom for its subsidiary QIB-UK.
Based in the heart of London's affluent Mayfair district, the purchase of the new premises at 43 Grosvenor Street reflects the Bank's commitment to its UK business, dedicated to serving its high net worth clients from a centrally-located headquarters. Grosvenor Street is internationally recognised as one of London's most prestigious office locations, covering a broad range of leading international enterprises.
The new five storey office is specifically designed to emphasise the Bank's operating principles of providing high standards of service. QIB-UK's focus is on supporting the investment and trade flows between Qatar and the UK. Through its High Net Worth relationship management team, and with the support of product specialists in real estate finance, trade finance, and treasury, it strives to deliver service excellence and tailor-made solutions in a Shari'a-compliant manner to its customers.
Qatari interest in the UK have surged in recent years, with the number of Qataris visiting Britain increasing year on year for several reasons such as tourism, seeking higher education, or looking to diversify their investments. QIB-UK has worked closely with the QIB parent company to develop financing solutions that suit these new financial requirements.
QIB-UK is offering unique real estate investment opportunities for clients looking to purchase premium properties in London. QIB-UK has assembled a team of Real Estate specialists to ensure clients are well placed to get the best real estate opportunities in the market. The Bank's network gives access to exclusive residential and commercial real estate opportunities. QIB clients will enjoy privileged introductions to the best opportunities in the London real estate market. Whether clients are looking for commercial property investments, buy-to-let property or wanting to occupy one via an SPV structure, QIB-UK has developed solutions to meet their distinctive needs.
Mr. Bassel Gamal, Group CEO of QIB said: "London is one of the important cities in the global financial markets and QIB is proud to be strategically placed in one of the preferred tourism, cultural and economical destinations. This allows us to provide our clients with top class financial services and personalised banking solutions."
"We know that London is one of the favourite cities to many of our clients and therefore we strive to develop financial solutions that meet their financing and investment needs in UK. We have recently seen an increasing interest in London real estate market, and accordingly we are well suited to the requirements of Real Estate finance that can be structured to support the financing of a full range of residential investment, development and commercial real estate propositions." Mr. Gamal added.
Bert de Ruiter, CEO of QIB-UK, said he is delighted with the bank's the new premises, as it signalled the Bank's commitment to its clients. "The move perfectly fits in with our ambition to deliver top-end customer service and solutions," he said, "and with the purchase of these premises, we are also demonstrating our belief in the strength of the London property market. We position ourselves as a 'niche' private bank offering bespoke real estate finance solutions and personalized banking services, such as preferential deposits in multi-currency and tenors, to the HNWI customers from Qatar with an interest in the UK."
"QIB-UK's residential investment financing product has been designed to offer tailored financing solutions to astute clients who deserve distinguished customer care, competitive pricing and security of execution. In addition, the Bank offers a full suite of Shari'a compliant structured commercial real estate financing products including investment, residential development and mezzanine financing to clients." Bert Concluded.
QIB-UK, was fully authorised as an Islamic Bank by the UK Financial Services Authority in January 2008, and is fully owned by Qatar Islamic Bank.
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© Press Release 2015
