Qatar Islamic Bank QPSC (QIBK`S)

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News

18 October 2016 03:10 PM QIB profits fall 11% in Q3

Doha – Mubasher: Qatar Islamic Bank (QIB) posted a 10.95% year-on-year decline in its profits during the third quarter of 2016, according to a bourse statement. Net profits reached QAR 511.74 million ($140.43 million) in Q3-16, compared to QAR …

Financial Results

25 September 2016 09:54 AM QIB, Doha Insurance to reveal quarterly results mid-October

Doha – Mubasher: Doha Insurance and Qatar Islamic Bank (QIB) said Sunday that their board of directors will announce the financial statements for the third quarter of 2016 on 17 October and 18 October respectively. Doha Insurance suffered a QAR …

Event

1 September 2016 02:22 PM QIB issues QAR 2bn perpetual sukuk

Doha – Mubasher: Qatar Islamic Bank (QIB) said Thursday that it has issued QAR 2 Billion in Basel III compliant additional Tier 1 perpetual sukuk. According to a bourse filing, the transaction was completed on 1st September 2016. The bank said …

Sukuk and Islamic Finance

18 August 2016 02:41 PM QSE banks' profits hit $2.6bn in H1

By Waleed Abd  Alsalam Mubasher: The Qatari bourse-listed banks' profits for the first half of 2016 rose 6.7% year-over-year to QAR 9.8 billion ($2.6 billion) from QAR 9.2 million ($2.5 million). The lion share was registered by QNB as its profits …

Financial Results

16 August 2016 10:33 AM QInvest posts 10% fall in Q2 profit

Doha – Mubasher: QInvest, a Subsidiary to Qatar Islamic Bank (QIB), reported on Tuesday a net profit of QAR 15.3 million ($55.75 million) for the second quarter of the fiscal year 2016, 9.57% down from QAR 16.92 million ($61.66 million) for Q2-15. …

Financial Results

18 July 2016 03:52 PM QIB reports 13% rise in Q2 profit

Doha – Mubasher: Qatar Islamic Bank’s (QIB) profits rose in the first quarter of fiscal 2016 by 12.8% year-on-year, according to a bourse filing released on Monday. Net profit reached QAR 558 million ($153 million) in Q2-16, versus QAR 494.6 …

Financial Results

3 July 2016 11:04 AM QIB to disclose Q2 financials 18 July

Doha – Mubasher: Qatar Islamic Bank (QIB) said Sunday that its financial statements for the second quarter of the fiscal year 2016 will be announced on 18 July, according to a bourse filing. The bank’s profits rose in Q1-16 by 23% to QAR 492 …

Event

22 June 2016 10:16 AM QIB, Jaidah sign strategic partnership

Doha-Mubasher: Qatar Islamic Bank (QIB) entered a strategic partnership with Jaidah Equipment, according to a bourse statement. Under the agreement, QIB will be the preferred financing partner for the Qatar-based equipment dealer. Jaidah’s …

Companies Investments

11 May 2016 02:05 PM QInvest’s earnings up 34% in Q1

Doha – Mubasher: QInvest, a Subsidiary to Qatar Islamic Bank (QIB), posted on Wednesday a rise of 34% year-on-year in its profit for the first quarter of fiscal 2016. Net profit reached QAR 37 million ($10 million) in Q1-16, according to a …

Financial Results

4 May 2016 03:54 PM S&P affirms QIB’s credit ratings

Doha-Mubasher: Standard & Poor's Financial Services (S&P) has affirmed Qatar Islamic Bank’s (QIB) long and short term counterparty credit ratings at “A-/A-2”, with a ‘Negative’ outlook, according to an issued statement. “The rating reflected an …

Ratings

13 April 2016 04:10 PM QIB’s profits up 23% in Q1

Doha – Mubasher: Qatar Islamic Bank’s (QIB) profits rose 23% year-on-year in the first quarter of the fiscal year 2016, according to the company’s financial statements released on Wednesday. Net profit reached QAR 492 million ($135.23 million) in …

Financial Results

13 April 2016 09:21 AM CI affirms QIB’s ‘A’ rating, upgrades outlook to ‘Stable’

Doha – Mubasher: Capital Intelligence (CI), the international credit rating agency, affirmed the financial strength rating of Qatar Islamic Bank (QIB) at ‘A’ and upgraded the outlook to ‘Stable’. CI also maintained long- and short-Term foreign …

Ratings

8 April 2016 02:44 PM QIB's U.K. unit fined $1.9m for capital rule breaches

Doha – Mubasher: Bank of England imposed a fine worth £1.385 million ($1.9 million) on a U.K. unit of Qatar Islamic Bank for violating capital requirements, according to a statement posted on the bank’s website on Friday. The BOE’s Prudential …

Law

3 April 2016 09:47 AM QIB among Murabaha consortium to fund Bahraini firm

Doha-Mubasher: Qatar Islamic Bank (QIB) has collaborated in a murabaha financing facility to NOGA Holding, the investment and business development arm of Bahrain’s National Oil and Gas Authority, according to a statement. QIB has contributed $63 …

Companies Investments

30 March 2016 01:25 PM QIIB to announce Q1 results on 13 April

Doha – Mubasher: Qatar International Islamic Bank (QIIB) said Wednesday that its financial statements of the first quarter of 2016 will be announced on 13 April. The Qatar listed bank’s profits rose last year by 22% to QAR 1.95 billion ($535.59 …

Event

1 March 2016 02:38 PM QInvest records highest revenues ever, doubles cash dividends

Doha – Mubasher: QInvest, a subsidiary of Qatar Islamic Bank (QIB), announced on Tuesday that its revenues rose in 2015 by 32% in 2015 to QAR 393 million, the highest revenues ever recorded. The bank’s annual profit also leapt last year by 76% to …

Companies Investments

22 February 2016 04:45 PM QIB shareholders approve QAR 4.25/shr dividend payout

Doha - Qatar: The ordinary general meeting of Qatar Islamic bank (QIB) approved the board of directors’ proposal to distribute cash dividends at 42.5% the stock's par value or QAR 4.25 per share. The shareholders meeting also approved the board's …

Cash Dividends

21 February 2016 05:11 PM QSE temporarily halts trading on QIB for OGM

Doha – Mubasher: The Qatar Stock Exchange (QSE) announced on Sunday that it will halt trading on Qatar Islamic Bank’s (QIB) shares on Monday where the latter will hold its ordinary general meeting (OGM). The OGM will discuss a proposal by the …

Cash Dividends

17 February 2016 03:14 PM QInvest arranges $30m fund to Turkey’s Crescent Capital

Doha – Mubasher: QInvest, Qatar's leading investment bank, said Wednesday that it provided a 5 year $30 million murabaha mezzanine finance facility for Turkey’s Crescent Capital to fund its full acquisition of Akocak HPP, an operational 81 MW …

Banking and Finance

20 January 2016 10:25 AM NPK Capital recommends ‘Hold’ on QIB

Doha – Mubasher: NBK capital, the investment arm of National Bank of Kuwait, recommended “Hold” on Qatar Islamic Bank (QIB), setting the fair value at QAR 107.30. The financial services firm said that QIB’s operating revenues jumped 26% …

Stock Evaluations

19 January 2016 06:56 PM QIB reports 22% rise in 2015’s profit

By: Eslam Salem Doha – Mubasher: Qatar Islamic Bank (QIB) posted on Tuesday a net profit of QAR 1.95 billion in 2015, compared to QAR 1.6 billion in 2014, with a growth of 22% year-on-year. Earnings per share jumped to QAR 8.27 last year from QAR …

Financial Results

11 January 2016 05:53 AM QDB and QIB ink SME financing deal

Doha – Mubasher: Qatar Development Bank (QDB) and Qatar Islamic Bank (QIB) signed on Monday an Al Dhameen Programme Portfolio Agreement, allowing more expansion in financing Small and Medium Enterprises (SME) in Qatar. The portfolio, sponsored by …

Companies Investments

22 December 2015 11:40 AM QIB issues certificates of deposit in QAR and USD

Doha – Mubasher: Qatar Islamic Bank (QIB) announced on Tuesday that it issued its first-of-its-kind certificates of deposit for customers, individuals and businesses, in Qatari riyal (QAR) and U.S. dollar (USD), with different maturity dates of …

Companies Investments

21 October 2015 09:21 AM Qatar Islamic says $750m sukuk issue oversubscribed

Doha-Mubasher: Qatar Islamic Bank priced a highly successful USD 750 million 5-year RegS only Sukuk offering, it said on Wednesday. The bank floated the sukuk at par with a profit rate of 2.754%, accounting for a spread of 135bps over 5-year …

Sukuk and Islamic Finance

14 October 2015 08:58 AM Qatar’s QIB gears up for USD sukuk issue

Doha-Mubasher: Qatar Islamic Bank (QIB) called a range of banks to sit with investors in Asia, the Middle East and Europe for discussing possible U.S. dollar-denominated offering of fixed-income instruments. QIB, Gulf state's largest Islamic …

Sukuk and Islamic Finance