QIB the best real state Islamic financing in Qatar

The prize was handed to Mr. Salah Al Jaidah, the bank's Chief Executive Officer during the prize awarding ceremony in Dubai, in the presence of other QIB Senior Executives, namely: Mr. Abdullatif Al Meer, General Manager of Business Group and Mr. J.M. Riegel, General Manager of the Investment and Development Group.

In a statement made on this occasion, Mr. Al Jaidah confirmed that the awarding of this prize to QIB concretizes the advanced position Qatar Islamic Bank has in leading Islamic financing in Qatar. He drew the attention to the great success realized by the bank over 25 years in developing Islamic financing tools and undertaking macro projects in the state of Qatar and in particular in the Real-Estate sector, where, he said, QIB may indeed be considered as the pioneer of financing through the Islamic tools of 'Istissna', 'Musharaka' and 'Ijara'.

QIB's Chief Executive Officer declared further that the prize shall constitute an additional driving force to the Bank to keep seeking for further successes at all levels of its banking, financing and investment activities. To this end, he mentioned that QIB is adopting an aggressive strategy that would sustain and consolidate its leading position in Islamic banking at both domestic and regional levels.

He confirmed in parallel, that the bank is proposing itself to a remarkable role in that field in the international scene through a group of financing houses and Islamic financial companies it has established, namely 'The Asian Finance House', 'The Arab Finance House' in Lebanon, 'The European Finance House' in U.K. and QINVEST in Qatar, in addition to a group of Property Investment Portfolios in Europe and the United States.

Mr. Al Jaidah stated further that QIB is endeavoring to innovate and develop its investment and funding tools under a plan aiming at devising products able to satisfy the demand on medium and long-term Islamic financing. He said such products would comprise involvement in Islamic Bonds ('Sukuk') such as the 'Musharaka'and the 'Ijara'(leasing) Sukuk and other products that suit financing for the various individual and corporate economic sectors.