Wednesday 23 April 2014
 
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QIB

QIB in talks to buy stake in Turkey bank

Qatar Islamic Bank (QIB) has entered into exclusive discussions to acquire a stake in Turkey's Bank Asya, the Qatari lender said in a statement. "QIB is seeking to finalise the transaction within the next few months, subj

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Qinvest, QIB launch Islamic funds

Doha-based QInvest and Qatar Islamic Bank have jointly launched a range of multi-manager funds, as the investment firm forges closer ties with its largest shareholder. The three sharia-compliant funds are part of broader plans to

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Qatar Islamic Bank Q4 net more than triples

Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, more than tripled its fourth-quarter net profit, beating analysts' expectations, as it continued to benefit from high loan growth in the country.

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Top Qatar banks to raise foreign ownership limits

Commercial Bank of Qatar (CBQ) and Qatar Islamic Bank (QIB) have asked Qatar Exchange to increase the number of their shares available to foreign investors to 25 percent of their market capitalisation, the exchange said on Wednesday.

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Qatar Islamic rules out 2013 sukuk issues

Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, is not expecting to issue more Islamic bonds before 2014, its chief executive said on Wednesday. "I don't think it will be needed;

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QIB plans 5-year benchmark sukuk; pricing this week

Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender, is planning to issue a five-year benchmark-sized Islamic bond, or sukuk, this week, arranging banks said on Tuesday. Price guidance for the dollar-den

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Qatar Islamic Bank Q4 earnings slip 33pc

Qatar Islamic Bank (QIB), the country's second largest lender by market value, posted a 32.6 percent dip in fourth-quarter net profit on Wednesday, missing analysts' forecasts. QIB made a net profit of 265 million riyals ($72.8 million), a

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QIB unveils funds scheme for small firms

Qatar Islamic Bank (QIB), the largest Islamic bank in Qatar, has launched a new banking programme for micro-enterprises. The programme aims to provide innovative finance solutions that cater to the needs of smaller start-ups and to empower

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Qatar out of Bank Muamalat stake sale say sources

Attempts by Gulf shareholders to sell a majority stake sale in Indonesian Islamic lender PT Bank Muamalat have hit a snag after frontrunner Qatar Islamic Bank pulled out of the bidding process, sources said. Top shareholders of Indonesia's

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Doha Festival City work to start next month

Construction for the state-of-the-art Dh6 billion ($1.633 billion) Doha Festival City will begin next month following the appointment of the project’s managers, architects and engineers. The 433,847 sq m entertainment, retail, hospitality

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