25. Qatar Islamic Bank (QIB)
Sector: Banks & financial services
Market Value: $16.4 billion
QIB has 22 branches in Qatar and one branch in Sudan. The Qatar Investment Authority owns 17.2% of QIB. In 2022, Qatari authorities allowed QIB to raise its foreign ownership limit to 100% with immediate effect. The bank’s network includes QInvest, which is working with the Qatar Insurance Company to establish a Qatar-based company in the Islamic asset management field in 2022.