Doha – Mubasher: Qatar International Islamic Bank (QIIB) announced the launch of a new bank with a capital of MAD 600 million ($57.8 million) in Morocco, according to a bourse filing. 

QIIB will be opened in partnership with local lender Credit Immobilier et Hotelier (CIH) and Caisse de Dépot et de Gestion (CDG).