Fitch rates QIB's trust certificate issuance programme 'A(EXP)'
- Qatar: Thursday, September 27 - 2012 at 16:15
- PRESS RELEASE
Fitch Ratings has assigned Qatar Islamic Bank's (QIB) $1.5bn trust certificate issuance programme an expected rating of 'A(EXP)'.
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.
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