• HSBC

QIB donates 9,000 first aid kits to pilgrims

Qatar Islamic Bank (QIB) donated 9,000 first aid kits to Qatar's Red Crescent at a ceremony held at QIB headquarters.

The first aid kits are intended for those making the pilgrimage (Haaj) and are a result of QIB's aggressively generous Corporate Social Responsibility program (CSR).

As an important facet of QIB's CSR initiatives, the patronage of Red Crescent has been an annual occurrence for four years marked by progressive yearly donations as QIB's standing and development in the local, regional and international markets has grown.

QIB CEO, Mr. Salah Jaidah, said of QIB's commitment to social causes:
"QIB chooses to play a very enthusiastic supporting role in the communities in which we live and do business. We believe it is our responsibility to contribute to educational, community, cultural and health causes, as these activities and programs benefit society as a whole and at the same time are part of the foundation upon which our Islamic institution is built."


QIB considers itself a partner to society and, therefore, enhances its CSR program each year, as it seeks to adhere to the fundamental responsibilities it embraces as an Islamic establishment. Each year, QIB takes an active role in assisting those requiring financial assistance and disburses alms through its Zakat Committee.

Mr. Amer Al Jabry, QIB Executive Manager, Retail Banking, said of QIB's donation, "QIB is proud to partner with Qatar Red Crescent as both entities are dedicated to developing and encouraging humanitarian and charitable activities. This culture of giving is essential to QIB's commitment to social responsibility. Red Crescent is especially dedicated to providing medical and health services to pilgrims and we believe this is a vital service to maintain the pilgrims comfort and safety while performing the pilgrimage duties."

Commenting on QIB's contribution, Mr. Mohamed Jaidah, the member of medical affairs committee in QRC, said: "One of Qatar Red Crescent's main objectives is to provide medical aid and health services for pilgrims. This donation on behalf of QIB will enable our organization to raise our level of service and to increase the level of safety for pilgrims attending Haaj. This QIB and Qatar Red Crescent partnership fosters cooperation within the community and raises the level of public awareness of the work Qatar Red Crescent performs regarding humanitarian efforts."

On behalf of QIB, Mr Amer Al jabry handed the donation cheque to Mr. Mohamed Jaidah, in the presence of Mr. Saeed Al Khayareen, QIB governmental financing manager and Dr. Khaled Agha, the head of medical services in QRC.
(R-L): Saeed Al Khayareen, Amer Al Jabry, Mohamed Jaidah, and Khaled Agha. 
(R-L): Saeed Al Khayareen, Amer Al Jabry, Mohamed Jaidah, and Khaled Agha.
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About Qatar Islamic Bank:

Qatar Islamic Bank (QIB) was founded 25 years ago and was the first Islamic and Sharia compliant bank in Qatar and is also one of the five largest Islamic banks in the world. Today the bank enjoys the premier position within the Islamic banking sector and holds 53.4% share in the Islamic banking sector and 10% of the total Qatar banking sector. QIB was upgraded from A- to A by both Fitch and Capital Intelligence in May 2008.

QIB was the pioneer in launching Sharia compliant Islamic Financial products, for retail, corporate and private banking and operates today in Qatar via 20 branches and 91 ATMs. QIB is also the pioneer in successful real estate investment funds in the UK, USA and France.

QIB's net profit in 2007 reached QR1.25bn which represented an outstanding 25% increase versus the previous year. With this result, QIB is now ranked 14th in the world for best return on asset among the 1000 biggest banks in the globe.

In Qatar QIB plays a key role in financing major infrastructure and real estate projects. For the first time ever in Qatar, a seven year Ijara sukuk was awarded for Qatar Airways to finance their purchase of an Airbus A 340-600 which shows QIB strong determination in Islamic product innovation. In 1989, the bank also established Al Jazeera Islamic Company, a sharia compliant financing company targeting mainly consumers and small and medium enterprises. The bank also established in 2000 Aqar real estate company and recently Qinvest an Islamic Investment bank licensed by the Qatar Financial centre (QFC) with $1bn declared capital and $500m paid up capital.

When operating in the international market, the bank thinks globally but acts locally. This means that each market QIB enters, it opens a fully fledged Islamic institution that addresses the principles of QIB as well as addressing the requirements and needs of the local market. In 2004, QIB established in Lebanon the Arab Finance House and today this institution operates with a network of six branches in Lebanon. In March 2007 QIB inaugurated the Asian Finance Bank in Kuala Lumpur, Malaysia. In London the bank opened in January 2008 the European Finance House.

QIB Chairman is Sheikh Jassim Bin Hamad Bin Jassim Bin Jabr Al Thani.
QIB Vice Chairman is Mr. Mohamed Bin Abdulatif Al Mana.
QIB Managing Director is Mr. Abdullatif Bin Abdulla Al Mahmoud.
QIB Chief Executive Officer is Mr. Salah Jaidah

Press contact:

Alicia Holland
Sr. Account Manager
Action Qatar PR Group
A division of Action Global Communications
Handassa St., B Ring Rd.
Bldg. 142, First Floor
P.O. Box 2900, Doha, Qatar
T: 974.4361499
F: 974.4370167

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