DOHA: Al Rayan Qatar ETF disclosed its condensed financial statement for the six-month period ended June 30, 2019. The statements posted by Qatar Stock Exchange (QSE) show that the net asset value as of June 30, 2019 amounted to over QR537m, representing QR23.867 per unit.

The stock of Al Rayan Qatar ETF was split on 7 July 2019 after trading hours (after the date of these financials), and the unit price was divided by 10.

"...

Doha: QIIB recorded a net profit of QR510.6m for the first half of 2019 (H1, 19), an increase of 5.5 percent compared to the same period in the previous year. The bank’s total assets jumped 13.9 percent to QR54.2bn. Total income rose by 10.3 percent to QR1.04bn.

QIIB announced the results following a meeting of the Bank’s Board of Directors. Commenting on the financial results, Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman"...

Doha: Islamic banks are playing a vital role in Qatar’s financial and banking sector, H E Sheikh Abdullah bin Saoud Al Thani, Governor, Qatar Central Bank (QCB), has said. In a statement issued on the occasion of the launch of an annual report on Qatar’s Islamic banks’ performance, the QCB Governor said the central bank had adopted a proactive approach to address local and regional challenges to absorb any possible shocks the country’s banking sector may experience in the aftermath of the unjust blockade.

Doha: The contribution of Qatar’s Islamic banks to finance the Consumer Sector was greater than that of other sectors. The contribution ratio in financing this sector stood at 45.4 percent of entire credit to this sector by the conventional banks, Bait Al-Mashura’s Islamic Finance Report on Qatar noted.

The credit facilities to the Industry sector increased in 2018 compared to previous years. The contribution of Islamic banking finance"...

DOHA: QIIB received the ‘2019 award of Best Islamic Bank in the State of Qatar for Products and Financing Solutions’ during the 2019 Banking Excellence and Achievement Awards Ceremony organised by the World Union of Arab Bankers (WUAB).

This year, the ceremony was held in the Lebanese Capital Beirut, attended by the Mohamed Hassan Al Jaber, the Ambassador of Qatar to the Lebanese Republic and Dr Abdulbasit Ahmad Al Shaibei, QIIB Chief"...

Qatar Islamic Insurance Group (QIIG) has announced the achievement of ISO/IEC 27001:2013 certification for Information Security Management. By achieving this internationally recognised certification, QIIG has demonstrated its commitment to adopting security best practices and continuous improvement.

This is a proactive response to the needs of our customers and partners in an ever-evolving business environment and forms part of our long-term strategy"...

Doha
Qatar International Islamic Bank (QIIB) has become the first Islamic bank in Qatar to launch contactless payment service on all its credit and debit cards in line with the latest banking technologies, the bank announced in a statement on Saturday.
Using the contactless service, QIIB card holders can easily use their cards without the need of inserting their card into multiple payment devices such as points of sale (POS), the statement said.
QIIB Chief of Business Development Omar Abdulaziz al Meer said,"...

Qatar Islamic Bank (QIB) announced the launch of a new digital onboarding process allowing prospective customers to start a relationship with the Bank by opening a Savings or Misk account through the QIB Mobile App.

This new development allows prospective QIB customers to open accounts in a fast, simple and convenient way from the comfort of their home, office or even when relaxing at a shopping mall or anywhere else.

Interested"...

Qatar Islamic Bank (QIB) has been named ‘Islamic Finance Innovator 2019’ by Global Finance, a leading financial publication based in New York. As part of the publication sixth annual award program ‘The Innovators 2019,’ QIB was recognized for its new digital product ‘Instant Finance’ which was launched last year.

QIB is the first bank in Qatar to offer a full digital experience to provide financing to its customers"...