Established in 1982, QIB was the first Islamic financial institution in Qatar. Today, the bank has 21 branches in Qatar and one in Sudan. In September 2024, the bank issued a $750 million five-year Sukuk at a 4.485% profit rate. It partnered with Visa in April 2025 to launch Visa+ for its customers, enabling customers to send money to Visa cardholders within the GCC. Qatar Holding, the investment arm of the Qatar Investment Authority, is QIB’s largest shareholder, with a 16.87% stake.