THE MIDDLE EAST'S

TOP 30 BANKS 2022

12. Qatar Islamic Bank (QIB)

Country : Qatar
Group CEO: Bassel Gamal
Market value: $14.4 billion
Revenues: $2.3 billion
Profits : $976 million
Assets: $53.3 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.