QIB Hosts Malaysia Investment Consortium led by Malaysian Crown Prince

The group is in Qatar as part of a MIFC- and Central Bank of Malaysia-sponsored GCC events promoting the enhancement of financial and investment opportunities between Qatar and Malaysia. QIB hosted the event in partnership with its Malaysia-based affiliate bank, Asian Finance Bank.

The Malaysian delegation was led by His Royal Highness Raja Dr. Nazrin Shah Ibni Sultan Azlan Muhibbuddin Shah, Crown Prince of Perak Darul Ridzuan and Financial Advisor to MIFC, and Dato' Mohammad Razif Bin Adb Kadir, Deputy Governor, Central Bank of Malaysia. Qatar's representatives were His Excellency Mr. Youssef Kamal, Minister of Economy & Finance, and Sheikh Jassim bin Hamad bin Jassim bin Jabr Al Thani. Dignitaries, representatives of MIFC, officials from Asian Finance Bank and distinguished industry executives from Qatar and Malaysia also attended the dinner.

The event is in Qatar to raise awareness of and enhance the potential of mutually-beneficial Qatar-Malaysia financial and investment opportunities. The collaboration between the two countries has allowed for dynamic investment growth across business sectors and paved the way for an enormous scope of mutually-beneficial potential investments in the oil and gas, trade finance, telecommunications and infrastructure development sectors. QIB has taken a leadership role in the development of the region and of Malaysia's Islamic finance sector through its affiliate, Asian Finance Bank. Its global network promotes business and markets throughout the region by way of its Kuala Lumpur Asian Finance Bank headquarters and a representative office in Indonesia.

Asian Finance Bank seeks to provide investors with funding, as well as corporate advisory and networking services. The institution focuses on corporate funding and advisory for its clients.
QIB is a 70% shareholder of Asian Finance Bank which acts as QIB's initial footprint in the Asian market. AFB was established in 2007 and offers a complete suite of Sharia'-compliant consumer, commercial, corporate, treasury and investment products. Asian Finance Bank performs as a link between Malaysia, Southeast and West Asia and the GCC. As the premier Islamic banking institution in the GCC region, QIB's consolidation of strategy in Qatar and its expansion into Asia, as well as Europe, will place the Bank at the vanguard of global Islamic banking and finance.

Mr. Salah Jaidah, QIB CEO, said,

"The rising profile of Islamic finance in Malaysia has provided a unique opportunity to leverage QIB and Asian Finance Bank visibility. The industry's success and competitiveness has provided new, emerging regional markets for QIB's Sharia'-compliant platforms and provides a competitive advantage by providing a link to channel not only funds, but business and investment opportunities between Qatar and Malaysia. The robust expansion and development of the Islamic finance industry speaks of the volume of trade and business transactions between the two countries."

"AFB leverages its regional presence to build and strengthen ties and create opportunities between the Gulf and Asia," said Mr. Datuk Mohamed Azahari Kamil, CEO of Asian Finance Bank.
Mr. Mohammed Afandi Abu Bakar, Interim Charge D'Affaires, Embassy of Malaysia - Qatar, spoke at the dinner event, saying, "For more than 30 years, Malaysia and the State of Qatar have engaged in a warm diplomatic relationship that has resulted in bilateral cooperation across many sectors. The MIFC community's presence here in Qatar in relation to this event shows Malaysia's strong commitment to and interest in fostering Islamic financial cooperation between both countries."