The issuing entity under the programme is QIB Sukuk Ltd (QIBSL). The programme rating is based on the Long-term Issuer Default Rating ('A'/Stable) of Qatar Islamic Bank.
QIB is the third-largest bank in Qatar by assets and the leading Islamic bank, accounting 36% of total Islamic banking assets at end-H112.
The bank has a strong franchise in Qatar. The Qatar Investment Authority is QIB's largest shareholder (16.7%); the balance is listed on the Qatar exchange.
QIB operates under the supervision of a Shari'a board which comprises of eminent Shari'a scholars.
Browse
related articles
Fitch rates QIB's trust certificate issuance programme 'A(EXP)'
- Qatar: Thursday, September 27 - 2012 at 16:15
- PRESS RELEASE
Related content
Fitch Ratings has assigned Qatar Islamic Bank's (QIB) $1.5bn trust certificate issuance programme an expected rating of 'A(EXP)'.
Article Options
Log in to request more information from Qatar Islamic Bank
Posted by Rana MesbahThursday, September 27 - 2012 at 16:15 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Notes and Media Contacts »
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
