Established in 1982, QIB was the first Islamic financial institution in Qatar. The bank had a network of 23 branches in Qatar and one branch in Sudan, with investments in the U.K. and Lebanon as of December 2023. QIB’s net profit hit $1.2 billion in 2023, while its total assets stood at $52 billion. In November 2023, QIB issued a $500 million USD-denominated five-year sukuk. Qatar Holding, the investment arm of Qatar Investment Authority, is QIB’s largest shareholder, with a 16.87% stake.