Qatar Islamic Bank (QIB)

Qatar Islamic Bank (QIB) was established in 1982 as the first Islamic financial institution in Qatar. Its products and operations are supervised by a Shari’a board, which ensures the Bank adheres to Islamic finance principles. It is the country's largest Shari’a-compliant lender. QIB is now the largest Islamic Bank in Qatar, with a 35% share of the Islamic sector and a 9% share of the banking market overall. It has over 170,000 retail clients and more than 3,000 corporate clients. It conducts its domestic business through 32 branches spread throughout the country in addition to private centres for ladies and dedicated lounges for affluent customers, augmented by more than 175 multi-function ATM installations. The Qatar Investment Authority (QIA) is the single largest shareholder of QIB.