What Qatar Islamic Bank does

Qatar Islamic Bank (QIB) is Qatar's oldest and largest Islamic bank, established in 1982 as the country's first Sharia-compliant financial institution. Operating as a Public Shareholding Company listed on the Qatar Stock Exchange (QSE: QIBK), QIB held 36% of listed Islamic bank market share and 10% of the total domestic banking sector as of 2025. The bank serves a full spectrum of customer segments — mass retail, ladies banking, affluent (Tamayuz), high-net-worth (Private), SMEs (Aamaly), and corporate/institutional clients — across Qatar with additional operations in Sudan.

QIB's core platform combines a nationwide branch and ATM/CDM network (20+ locations including specialized centers for Private, Tamayuz, Ladies, SME, and WPS services) with a multi-app digital ecosystem comprising the QIB Mobile App, QIB Lite App (for workers), QIB Junior App (ages 8–17), QIB Corporate App, and Internet Banking, all backed by the Zaki AI virtual assistant and 99.7% straight-through payment processing. The product set spans current and prize-linked savings accounts (Misk, with a QR 26M annual prize pool), Sharia-compliant personal/car/home financing, credit/debit/prepaid cards, trade finance, treasury, WPS payroll, takaful insurance, brokerage, and wealth management — all governed by an internal Shari'a Supervisory Board.

The revenue model is anchored in net interest (profit-share) income from Murabaha, Mudaraba, Musharaka, and Wakala financing structures extended to retail, corporate, and SME customers, supplemented by fee and commission income, card-related interchange and co-brand revenue (Qatar Airways, Ooredoo), treasury and investment income, and sukuk issuance on international markets (London Stock Exchange). Distribution runs through a hybrid model: dedicated relationship managers and specialized centers for high-value segments, complemented by self-serve digital channels that drive 83%+ customer digital adoption and underpin a sector-leading 16% cost-to-income ratio.

Name

Qatar Islamic Bank

Legal name

Qatar Islamic Bank (Q.P.S.C.)

Website

https://qib.com.qa

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Qatar Islamic Bank is Qatar's oldest and largest Islamic bank, offering Sharia-compliant retail, corporate, SME, affluent, and private banking services through a hybrid nationwide branch and multi-app digital platform.

Ownership category

akta.pro rank

Product category

Islamic Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic Retail Banking (FSABAGAA)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Private Banking & Wealth (FSABAGAD), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ), Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Retail banking
• Corporate banking
• Wealth management

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices25 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income from Financing Activities: QIB's primary revenue driver is net interest income (profit share) generated from Sharia-compliant financing activities including Murabaha, Mudaraba, Musharaka, and Wakala structures extended to retail, corporate, and SME customers. These include personal finance, home finance, car finance, and corporate financing.
2. Fee and Commission Income: Fees generated from banking services including account maintenance, wire transfers, trade finance services, ATM and card transaction fees, and wealth management advisory fees. Over 83% of QIB's customers bank digitally, driving cost-efficient fee generation.
3. Card Income: Revenue from credit cards, debit cards, prepaid cards, and co-branded card programs (Qatar Airways, Ooredoo). Income derived from interchange fees, annual card fees, and promotional campaign collaborations with partners.
4. Investment Banking and Sukuk Issuance: QIB raises funding through sukuk (Islamic bond) issuances on capital markets. The bank issued a $750 million Regulation S 5-year senior unsecured sukuk in February 2026 (profit rate 4.402%) and a $750 million sukuk in September 2024 (profit rate 4.485%), structured under Wakala/Murabaha principles, listed on the London Stock Exchange.
5. Treasury and Investment Income: Income from the bank's treasury operations including foreign exchange, investment securities, and liquidity management activities.

Pricing tiers

Go-to-market motion2 records

Distribution channels10 records

Marketing channels8 records

Core offering

QIB is Qatar's first and largest Islamic bank, offering a full suite of Sharia-compliant retail, corporate, SME, and private banking products under Murabaha, Mudaraba, Musharaka, Wakala, and Ijarah structures. It provides deposit accounts (current, savings, Misk prize-linked, fixed deposits), personal/home/car financing, credit and debit cards, takaful insurance, trade finance, treasury, WPS payroll, and wealth management services. Products are delivered through a nationwide branch network and multi-channel digital banking platform (QIB Mobile App, Lite App, Junior App, Corporate App, Internet Banking).

Product overview

Qatar Islamic Bank (QIB) operates as a comprehensive Islamic banking platform offering a multi-channel digital banking ecosystem alongside traditional branch services. The core digital infrastructure centers on the QIB Mobile App, QIB Lite App, Internet Banking, and Corporate Internet Banking platforms, which serve as the primary interface for all customer interactions. The product portfolio encompasses retail banking (accounts, financing, cards), corporate banking (trade finance, treasury, WPS), wealth management (Private Banking, Tamayuz priority banking), and specialized segments (Ladies Banking, SME services via Aamaly). Key digital products include the Misk Savings Account with prize-based rewards, QIB Junior App for children's banking, and various co-branded credit cards with partners like Qatar Airways. The bank has developed proprietary capabilities including the Zaki Virtual Assistant for AI-powered customer support and has achieved 99.7% Straight Through Processing rates demonstrating operational automation excellence.

Differentiator

Problem solved

Functional benefit

Brands

• Misk Account: A unique savings account with prize draw opportunities, offering the largest prize pool in Qatar with QAR 26,000,000 to be awarded to 1,124 winners annually.
• Absher Rewards Program
• QIB Lite App

Products and services

• Personal Finance Sharia-compliant personal financing solution for individuals, available through the QIB Mobile App, with competitive profit rates under Islamic finance structures.
• Car Finance Shariah-compliant vehicle financing solution for purchasing new or used vehicles for individuals and businesses.
• Home Finance Islamic mortgage and home financing solution for property purchase and construction under Sharia-compliant structures.
• Credit Cards Range of Islamic-compliant credit cards including Gold, Platinum, Signature, Infinite, and Ladies variants with 5% minimum payment option and reward programs.
• Misk Savings Account Prize-linked savings account offering weekly, monthly, and grand prizes totaling QR 26 million annually across 1,124 winners, with no minimum monthly fee and a free debit card.
• Qatar Airways Co-Branded Visa Cards Co-branded credit cards with Qatar Airways Privilege Club offering Avios points accumulation redeemable for flights and hotel stays, in Visa Signature and Platinum variants.
• Takaful Islamic Insurance Shariah-compliant insurance products including Auto Takaful, Family Shield, Travel Takaful, Life Continuity Takaful, Walady Education Plan, Afaq Savings Plan, and Group Credit Life Takaful.
• Private Banking Wealth management services for high-net-worth individuals through dedicated private banking centers, including relationship management, investment portfolios, sukuk and equities, tailor-made cards, financing solutions, and wealth advisory.
• Tamayuz Priority Banking Priority banking offering for affluent customers with exclusive benefits, premium channels, customized products, preferential financing, and dedicated service through Tamayuz centers.
• Ladies Banking Dedicated banking services for women offering tailored products, exclusive cards, customized deposit and financing products, takaful plans, and privacy-focused service in ladies-only branches staffed by female personnel.
• Aamaly SME Banking SME banking proposition offering business accounts, foreign exchange, fleet financing, Al Dhameen collateral-free guarantee financing, trade finance, and corporate cards for small and medium enterprises.
• Trade Finance and Services Import/export financing, letters of credit, letters of guarantee, and trade-related services for corporate customers operating internationally.
• Treasury Services Foreign exchange, money market, and treasury solutions for corporate banking customers to manage liquidity, currency exposure, and investment positions.
• Wages Protection System (WPS) Digital platform enabling employers to manage worker onboarding, salary payments, and compliance with Qatar's WPS requirements through digital account opening and verification.
• Brokerage Service Investment and securities brokerage service enabling customers to trade stocks and investments through digital banking channels.
• QIB SoftPOS Mobile point-of-sale solution allowing merchants to accept card payments through smartphones without dedicated POS hardware.
• Instant Credit Card Issuance Digital credit card application and issuance through the QIB Mobile App enabling immediate access to credit facilities without a branch visit.
• QIB Sukuk Program Senior unsecured sukuk issuances structured under Wakala/Murabaha principles, listed on the London Stock Exchange's International Securities Market, accessible to global institutional investors.

Quantifiable outcome

• 36% market share of listed Islamic banks in Qatar and 10% of total domestic banking sector
• +5 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature10 records

Partnerships

Seven partnerships are on record, tiered core, minor and flagship.

• OoredoocoreGTM or Marketing Partner · 29 March 2026QIB offers co-branded corporate credit cards in partnership with Ooredoo, tailored for SME customers. The partnership provides integrated financial and telecommunications solutions supporting SME growth and digital transformation in Qatar.
• PayLaterminorGTM or Marketing Partner · 29 January 2026QIB, together with Al Rayan Bank, provided a QAR 100 million credit facility to PayLater, Qatar's first licensed Buy Now Pay Later platform. Within PayLater's first year of operations, the BNPL platform facilitated over QAR 300 million in installment transactions and built a customer base of more than 80,000 users.
• Qatar Career Development Center / Ministry of Education / Qatar Ministry of LabourminorStrategic or Co-development Partner · 17 January 2026QIB participated in the 'My Career, My Future' career guidance program organized by Qatar Career Development Center in cooperation with the Ministry of Education and private sector. Nine companies including QIB served as training hosts, covering the financial services sector.
• CiticoreTechnology or Integration · 27 December 2025Citi awarded QIB the STP Excellence Award for achieving a 99.7% Straight Through Processing rate in commercial payments in 2025. This reflects advanced automation and operational excellence in payment processing between the two institutions.
• Qatar Ministry of Communications and Information Technology (MCIT)minorStrategic or Co-development Partner · 22 November 2025QIB participated in the BIG Quantum Hackathon Qatar 2025, organized by Qatar's Ministry of Communications and Information Technology. QIB's Data Science & AI team mentored students on quantum machine learning applications for retail credit risk scoring, advancing quantum technologies in finance.
• MastercardcoreTechnology or Integration · 27 October 2025QIB partnered with Mastercard to launch the Click to Pay service for its Mastercard cardholders, enabling simplified online transactions with biometric authentication. Users register once and complete transactions using a unique identifier, enhancing security and convenience in e-commerce payments.
• Qatar AirwaysflagshipGTM or Marketing Partner · 4 June 2025QIB and Qatar Airways Privilege Club collaborate on co-branded credit cards (Qatar Airways Visa Signature and Platinum), offering bonus Avios points for card applications and spending. The partnership extends QIB's reach to Qatar Airways' global frequent flyer base. A 2026 campaign offers up to 30,000 bonus Avios for new cardholders.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Al Rayan Bank: Al Rayan Bank is Qatar's second-largest Islamic bank and the most direct competitor to QIB, offering a similar full suite of Sharia-compliant retail, corporate, and private banking services in the same Qatari market. Co-provided the QAR 100 million credit facility to PayLater with QIB.
• Qatar International Islamic Bank (QIIB): QIIB is another listed Qatari Islamic bank offering Sharia-compliant retail and corporate banking products. Comparable in business model, regulatory environment, and customer segments to QIB, directly competing for the same pool of Qatari retail and corporate clients.
• Masraf Al Rayan: Masraf Al Rayan is a major Qatari Islamic bank resulting from the merger of Al Rayan and Khaliji Bank, offering similar Sharia-compliant retail, corporate, and investment banking services. Directly competes with QIB in the Qatari Islamic banking market.
• Kuwait Finance House (KFH): KFH is one of the world's largest Islamic banks, offering a comprehensive suite of Sharia-compliant retail, corporate, and investment banking services across the GCC. Comparable in scale, product breadth, and Islamic finance governance to QIB, and competes in cross-border GCC Islamic finance markets.
• Dubai Islamic Bank: Dubai Islamic Bank is the largest Islamic bank in the UAE by assets, offering comparable Sharia-compliant retail, corporate, SME, and treasury services. Directly competes with QIB in regional Islamic finance, sukuk issuances, and GCC-wide corporate banking.
• Abu Dhabi Islamic Bank (ADIB): ADIB is a leading UAE-based Islamic bank providing retail, corporate, and private banking services under Sharia principles. Highly comparable in product mix, regulatory framework, and target customer segments to QIB.
• Bank AlJazira: Bank AlJazira is a Saudi-listed Islamic bank (converted to full Sharia-compliant operations) offering retail, SME, and corporate banking. Comparable in business model and Sharia governance to QIB, though operating primarily in the Saudi market.

Broad incumbents

• Al Rajhi Bank: Al Rajhi Bank is the largest Islamic bank in the world by assets and a regional benchmark for Sharia-compliant retail and corporate banking. Comparable in Islamic finance capabilities but operates at significantly greater scale across Saudi Arabia and select international markets.
• Qatar National Bank (QNB): QNB is the largest bank in the Middle East and Africa by assets, operating across Qatar and internationally. While conventional rather than Islamic, it competes directly with QIB for Qatari corporate, retail, and government banking relationships, and represents the dominant share of Qatar's total banking sector of which QIB holds 10%.
• Commercial Bank of Qatar: Commercial Bank is one of Qatar's largest conventional banks offering retail, corporate, and private banking. Competes with QIB for Qatari banking customers and represents the broader conventional banking alternative in the same domestic market.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/qibgroup
• YouTubeyoutube.com/user/QIBQatar
• Facebookfacebook.com/QIBQatar
• LinkedInlinkedin.com/company/qatar-islamic-bank
• Instagraminstagram.com/qibqatar

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qatar Islamic Bank