27. Qatar International Islamic Bank (QIIB)

Country: Qatar
CEO: Abdulbasit Al Shaibei
Market value: $4.6 billion

QIIB is a privately owned Islamic bank operating in Qatar through a network of 17 branches, one digital branch, and over 84 ATMs. The bank’s assets grew by 9.3% in 2023 to hit $16.9 billion, while its net profit recorded $320 million. In January 2024, QIIB issued a $500 million five-year sustainable sukuk “Oryx” as part of its $2 billion sukuk program. The Qatar Investment Authority is the largest shareholder in QIIB, with a 16.62% stake as of March 2024.