Qatar Islamic Bank QPSC (QIBK)

Mubasher: The global credit rating agency Standard & Poor’s (S&P) has affirmed Qatar Islamic Bank’s (QIB) issuer credit rating at ‘A-/A-2’, with a Stable Outlook.  “The rating reflects our views of the bank’s robust corporate banking franchise and …

Mubasher: Qatar Islamic Bank (QIB) on Wednesday announced the completion of issuing a $750 million five-year sukuk. Sukuk was priced at par with a profit rate of 3.982% and the order book was closed at $3.1 billion, representing 4.1 times …

Mubasher: Qatar Islamic Bank (QIB) appointed six local and international banks as joint lead managers and joint bookrunners ahead of its potential US dollar-denominated sukuk issue, the Qatari lender said in a statement to the Qatar Stock Exchange …

Mubasher: Assets of Islamic banks operating in Qatar fell 1.84% year-on-year in January, according to the monthly monetary bulletin released by the Qatar Central Bank (QCB). Qatari Islamic banks’ assets amounted to QAR 347.49 billion ($95.48 …

Mubasher: Qatar Islamic Bank (QIB) on Thursday announced that its shareholders had approved a 50% cash dividend distribution at QAR 5 per share for the full fiscal year of 2018 during an assembly general meeting (AGM) held in the previous day. The …

Six Qatari banks have been ranked among the top 500 valuable lenders in terms of market capitalisation.

By: Eman Ghali  Mubasher: Six Qatari banks have been ranked among the top 500 valuable lenders in terms of market capitalisation, according to the Banker’s Brand Finance Global 500 2019 report. Qatar National Bank (QNB) retained its 61st ranking …

Mubasher: Qatar Islamic Bank (QIB) on Wednesday reported a 19.01% year-on-year increase in profits in the fourth quarter of 2018 and recommended the distribution of cash dividends at 50% of the share’s nominal value at QAR 5 per share. Net profits …

The rating reflects the bank’s robust corporate banking franchise

By: Eman Ghaly Mubasher: Profits of the banks listed on the Qatar Stock Exchange (QSE) increased 9% year-on-year during the third quarter of 2018, according to Mubasher’s statistics. Lenders’ profits amounted to QAR 6.14 billion ($1.70 billion) in …

Mubasher: Qatar Islamic Bank (QIB) on Wednesday reported a 13% year-on-year increase in profits for the third quarter of 2018. Net profits amounted to QAR 2 billion in Q3-18, compared to QAR 1.77 billion in Q3-17, according to a filing to the …

By: Eman Ghaly Mubasher: Assets of Islamic banks operating in Qatar rose 0.5% month-on-month to QAR 351.2 billion ($97 billion) in August, compared to QAR 349.3 billion ($96.8 billion) in July. By the end of August, assets of the Qatari Islamic …

By: Eman Ghaly Mubasher: The financial statements of the nine banks listed on the Qatar Stock Exchange (QSE) showed a 4.03% year-on-year increase in their profits for the second quarter of 2018. Net profits amounted to QAR 5.72 billion ($1.57 …

Mubasher: Qatar Islamic Bank (QIB) on Sunday revealed that Moody’s Investors Service had affirmed its deposit rating at “A1” with a “Stable” outlook. The rating reflects the bank's adequate capital buffers, good profitability, and limited market …

Mubasher: Qatar National Bank (QNB) Financial Services on Tuesday announced that Qatar Islamic Bank’s (QIB) profits went up against analysts’ expectations of 11% for the second quarter of 2018. QIB’s net profits grew 14.7% to QAR 704.75 million in …

Mubasher: Moody's Investors Service (Moody's) on Monday announced that it has confirmed the long-term deposit and issuer ratings of ten Qatari banks, in addition to the senior unsecured and subordinated debt ratings of their affiliated entities. …

Mubasher: Qatar Islamic Bank (QIB) on Sunday posted a 14.7% year-on-year increase in its net profits for the second quarter of 2018. The lender's net profits amounted to QAR 704.75 million in the period between April to June, compared to QAR …

Mubasher: Qatar Islamic Bank (QIB) on Sunday announced that Fitch Ratings has upgraded the bank's outlook to stable from negative. The agency has also affirmed the Qatari lender's Long-term Issuer Default Ratings (IDR) at 'AA-', according to a …

Mubasher: Qatar Islamic Bank (QIB) has inked an agreement with Qatar's largest fintech company QPAY International for launching the first Islamic point of sale (PoS) solution in the GCC nation. According to the deal, QPAY will offer a portfolio of …

Mubasher: Qatar Islamic Bank (QIB) announced that it has inaugurated a new branch in Tawar Mall, according to a bourse filing on Wednesday. QIB’s new unit will be open from Saturday to Thursday with working hours from 9 am until 2:30 pm, and from …

Mubasher: Qatar Islamic Bank (QIB) on Monday posted a 12.6% year-on-year rise in its profits for the first three months of 2018. Profits amounted to QAR 625.2 million in Q1-18, up from QAR 555.3 million in the same quarter a year earlier, …

Mubasher: Capital Intelligence (CI) has affirmed Qatar Islamic Bank’s (QIB) financial strength rating (FSR) at “A” with a stable outlook. The international credit rating agency also affirmed the Qatar-based bank's long- and short-term foreign …

Mubasher: Fitch Ratings has affirmed Qatar Islamic Bank’s (QIB) long-term issuer default rating (IDR) at 'A', with a Negative Outlook. The rating reflected the bank’s robust and well-established franchise in Qatar, as QIB acquired around 10% of …

Mubasher: Standard & Poor’s (S&P) has affirmed Qatar Islamic Bank’s (QIB) rating at 'A-', . Our strong capital and being the second largest bank in Qatar has led to the affirmation made by S&P, the bank said in a bourse statement. “The rating …

Mubasher: Qatar Islamic Bank (QIB) on Thursday announced that the ordinary general assembly and the extraordinary general assembly approved distributing a cash dividend of 50% of the nominal value of share capital, equalling QAR 0.5 per share for …