Qatar Islamic Bank - Company Profile
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Qatar Islamic Bank (QIB) is a provider of corporate, retail, and investment banking solutions. The bank offers banking products and services based on Islamic Sharia principles. QIB conducts its business through Islamic modes of financing such as Sukuk, Murabaha, Mudaraba, Musharaka, Musawama, Istisna’a, and Ijarah. The bank provides a range of banking products and services, which comprise deposit services, personal and commercial loans, credit and debit cards, corporate services, private banking, phone banking, financial planning, wealth management and internet banking services. The bank has a presence in Qatar, the UK, and the Cayman Islands, Lebanon. QIB is headquartered in Doha, Qatar.
Headquarters
Qatar
Address
Grand Hamad Ave, P.O. Box 559, Doha
Website
www.qib.com.qa
Telephone
974 44409409
No of Employees
998
Industry
Financial Services
Ticker Symbol & Exchange
QIBK (DOH)
Revenue (2022)
$3.2B
23.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
7.5%
(2022 vs 2021)
Market Cap*
$12.0B
Net Profit Margin (2022)
XYZ
-13.0%
(2022 vs 2021)
* As of and is in US$
Qatar Islamic Bank premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | Financial Planning |
| Savings | Treasury |
| Current Accounts | Wealth Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the bank in partnership with ProgressSoft Qatar introduced Fawran, an instant payment service. |
| 2024 | Others | In February, the company and Kuwait Finance House completed their due diligence on the United Bank. |
| 2024 | New Products/Services | In January, the company launched a Mobile App to view Debit Card information like the 16-digit card number, expiry date, and CVV. |
Competitor Comparison
| Key Parameters | Qatar Islamic Bank | The Commercial Bank PSQC | Masraf Al Rayan (Q.S.C.) | Doha Bank QSC | Qatar International Islamic Bank QPSC |
|---|---|---|---|---|---|
| Headquarters | Qatar | Qatar | Qatar | Qatar | Qatar |
| City | Doha | Doha | Doha | Doha | Doha |
| No. of Employees | 998 | 1,115 | - | 677 | 269 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gourang Hemani | Chief Financial Officer | Senior Management | - | - |
| Rakesh Sanghvi | Chief Risk Officer | Senior Management | - | - |
| Dorai Anand | General Manager - Personal Banking Group | Senior Management | - | - |
| Bassel Gamal | Chief Executive Officer - Group | Senior Management | 2013 | - |
| Khalefa Al Mesalam | Head - Human Capital Group | Senior Management | 2015 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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