Rank: 12
Qatar Islamic Bank
Date of Establishment: 1982
Country: Qatar
Group CEO: Bassel Gamal
Sales: $2.2 billion
Profits: $831 million
Assets: $47.9 billion
Market Value: $11.2 billion
QIB is the largest Islamic bank in Qatar, with a market of share of over 40% in the country’s Islamic banking sector. In 2021, it launched a new PoS device for cashless payments on delivery.Qatar Investment Authority owns 17.1% of the bank. In October 2020, QIB closed a $750 million fiveyear Sukuk with a profit rate of 1.9% per year, under its $4 billion Trust Certificate Issuance Program, which listed on Euronext Dublin.