Qatar International Islamic Bank plans to issue a benchmark-sized, five-year dollar sukuk, arranging banks said on Wednesday.
Benchmark-sized is normally understood to mean at least $500 million. Early price talk for the sukuk was
Fitch Ratings has assigned Qatar International Islamic Bank (QIIB) a long-term foreign currency Issuer Default Rating (IDR) of 'A-' with a stable outlook.
The agency also gave the bank a short-term IDR of 'F2', Individual Rating of 'C/D',
Qatar International Islamic Bank (QIIB) has agreed to acquire full control of the Islamic Bank of Britain (IBB) as part of QIIB's plans to develop an international banking business compliant with Sharia laws.
The deal values the Britis
Qatar International Islamic Bank (QIIB) may issue an Islamic bond in 2011 after receiving shareholder approval for sukuk issuance last week, the bank's deputy chief executive said on Monday.
'The issue is probably going to happen i
Qatar International Islamic Bank (QIIB) has committed £20 million ($31 million) capital injection to Islamic Bank of Britain (IBB), taking QIIB’s stake in the bank to over 80 per cent.
The additional capital will allow IBB to leverage its
Qatar International Islamic Bank said on Wednesday the Gulf state's sovereign wealth fund would begin buying shares in the lender this week and would take 10 per cent of its share capital by the end of 2009.
In October, the Qatar Investmen