Doha: To mark Qatar National Day, Qatar Islamic Bank (QIB) is rewarding customers with 18,000 Absher rewards points for opening a new deposit or a new MISK savings account.

Running until December 21, 2019 customers will be rewarded 18,000 Absher Rewards Points when they open a new Misk account with a minimum balance of QR10,000 or open a Fixed Deposit, a Certificate of Deposit or an Absolute Mudaraba for a minimum of QR100,000 for at least six months."...

Doha: The Board of Directors of Umnia Bank held a meeting in the Moroccan city of Casablanca. The meeting was chaired by Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman, in the presence of Lotfi al-Saqqat, Vice-Chairman of the Board, and board members.

The meeting discussed strategy to enhance the bank’s operations and expand its presence in the Moroccan market, the budget for 2020 and the business plan for the coming years. The"...

DOHA: As part of its strategy to continuously enhance its digital platforms, Qatar Islamic Bank (QIB) has recently updated its Corporate Internet Banking portal. The online portal was updated to address and specifically cater to the ever-changing banking needs for large, medium and small Corporate customers.

The updated portal allows QIB’s corporate customers to have full digital control over their accounts through several new functionality"...

DOHA: Qatar Islamic Bank (QIB) has been conferred the prestigious annual straight-through-processing (STP) Excellence Award presented by Citi Qatar for outstanding performance in STP and delivery of commercial and financial payments in USD. The Award was handed over at a meeting held at QIB Head Office, attended by senior officials from QIB and Citibank.

The award recognises QIB’s state-of-the-art in-house funds transfer architecture and reflects"...

DOHA: Qatar Islamic Bank (QIB) has been named the safest Islamic Bank in Qatar for the third consecutive year by Global Finance, a New-York based magazine. Adding to its list of awards and achievements, QIB was also recognised as the 4th safest Islamic Bank in the GCC, and the 36th safest Bank in emerging markets.

Global Finance evaluates the ratings and total assets of the key players in each region, providing an overview of which financial institutions"...

Qatar International Islamic Bank (QIIB) has been added to MSCI Qatar Index, the
Qatar Stock Exchange said on Saturday.
The results of the MSCI Semi-Annual Index Review published on November 7 will be effective as of November 26, after the bourse close for the day, it added.
It should be noted that the companies’ inclusion and reclassification in global indices are subject to various criteria, the most important of which are the size of the company’s invest-able capital and market capitalization,"...

Qatar’s Islamic banks have the highest liquid asset ratio among GCC countries in the period between 2016 and 2018. The liquid assets to total assets ratio, or liquid asset ratio, is one of the key indicators of a bank’s liquidity.

Despite the outflow of deposits following the blockade during 2017, the country’s Islamic banks have managed to improve their liquidity situation using government and public sector deposits and depending"...

Doha: After the successful launch of opening a Misk and Saving account through the Mobile App, Qatar Islamic Bank (QIB) is the first Bank in Qatar to release Current Account Digital Onboarding. It allows prospective customers the opportunity to open a new current account and transfer their salary to QIB easily through its award-winning Mobile App.

This new development allows prospective customers to open a current account from anywhere, at any time,"...

QIIB, one of Qatar’s leading Shariah-compliant banking and financial services providers has successfully concluded issuing of additional Tier l Perpetual Sukuk of $300m, with the order book exceeding $2.6bn (9 times oversubscribed), indicating investors’ increasing confidence in the lender.

Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman and Managing Director of QIIB, expressed his satisfaction with the Bank’s success"...

Qatar International Islamic Bank (QIIB) has received the ‘Strongest Islamic Retail Bank’ and the ‘Most Innovative Islamic Retail Bank’ awards in Qatar in 2019, which are prestigious awards granted annually by the Islamic Retail Banking Awards (IRBA) Committee in collaboration with the University of Cambridge to leading banks in the Islamic finance sectors.
QIIB said in a statement on Saturday that IRBA noted that the bank deserved to win the awards “for its leading role in the banking and"...