The Department of Zakat Fund at the Ministry of Awqaf and Islamic Affairs has started receiving the budgets of companies operating in Qatar for the past fiscal year, with the aim of calculating the Zakat base for these companies and determining the Zakat shares for the shareholding companies.
The head of the Zakat Services Division of the Zakat Fund Mohamed Jaber Al Baridi, said that the service of calculating the Zakat required by companies is executed by specialized employees in this field.
He pointed out that"...

Doha: Qatar International Islamic Bank (QIIB) welcomed a group of students from the Omani University of Buraimi, as part of an educational and familiarisation tour to a number of universities and institutions in the State of Qatar.

QIIB Chief Executive Officer, Dr Abdulbasit Ahmed Al Shaibei personally met the Omani delegation along with members of the Bank’s top management.

The"...

Doha: Through its innovative saving account, Misk, Qatar Islamic Bank (QIB) has awarded more than 100 winners with cash prizes in its third edition so far. The Misk account is part of the Bank’s ongoing efforts to promote positive financial habits and encourage individuals to save money.

All the draws are held in the presence of official representatives from the Ministry of Commerce & Industry and QIB representatives. The names of the"...

Doha: Qatar’s total Islamic finance assets constitute 33 percent of the nation’s total financial system assets and this has been driven by a CAGR growth of 8 percent since 2015 to $129bn in the first half of 2019, said Yousuf Mohamed Al Jaida, CEO of the Qatar Financial Centre in his address at the International Conference of Islamic Finance, yesterday.

The International Conference of Islamic Finance under the title of “Circular"...

Doha: QIIB recorded a net profit of QR927m for the fully-year 2019, reflecting a solid growth of 5.1 percent, compared to 2018. The bank’s earnings per share stood at QR0.58.

QIIB Chairman and Managing Director, Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, commented: “The 2019 results underscore QIIB’s ability to move forward, benefiting from the strength of the Qatari economy, which is performing exceptionally well across"...

Qatar International Islamic Bank (QIIB) reported a net profit of QR927 million in 2019 with a growth rate of 5.1 percent compared to 2018, and earnings per share of QR0.58, the bank announced in a statement on Tuesday.
The board of directors of QIIB has recommended to the annual general assembly of shareholders to distribute cash dividends equivalent to 42.5 percent of the capital (QR0.425 per share) subject to Qatar Central Bank’s approval.
The bank’s total assets at the end of 2019 amounted to QR56.8"...

DOHA: Qatar Islamic Bank (QIB) is pleased to announce their participation as the gold sponsor for the upcoming Compliance and Combating Financial Crime Conference 2020. This year’s conference, due to take place from 29-30 January 2020 at Sharq Village & Spa Hotel, is organised by Qatar Central Bank, Union of the Arab Banks (UAB), and the World Union of Arab Bankers (WUAB).

This conference is one of many forums that WUAB organizes as part"...

Doha: Qatar Islamic Bank (QIB) has announced that it will participate in Qatar’s first Franchise Conference and Expo 2020 as a support sponsor. Organized by Ibhar for Exhibitions, in cooperation with their strategic partner International World Franchise Associates (London), the exhibition will be held at Sheraton Doha Hotel on the 27th of January 2020.

The exhibition aims to support Qatar’s local firms to attract international brands"...

DOHA: Qatar Islamic Bank (QIB) has been recognised as the “Best Islamic Bank in Qatar” by Islamic Finance News (IFN) readers, the world’s leading Islamic finance publication. The award is a testament to QIB’s successful business strategy and strong financial performance.

QIB was recognized for its outstanding financial performance in 2019, delivering a year-end net profit of QR3.05bn, the strength of its customer service,"...