Qatar International Islamic Bank

What Qatar International Islamic Bank does

Qatar International Islamic Bank (QIIB) is a publicly listed Qatar Stock Exchange (QIIK) Sharia-compliant bank founded in 1991 and headquartered in Doha, operating under Qatar Central Bank supervision with a dedicated Sharia Committee. It provides retail, corporate, treasury and investment banking services across Qatar through 17 branches (including 3 corporate and 1 digital branch), 75 ATMs and digital channels including QIIB Mobile, ibank, eCorporate, phone banking and a first-of-its-kind visual IVR.

Its core product set spans current and savings accounts, term deposits, Joud and Avios-linked savings accounts, Visa/Mastercard/Himyan debit and credit cards, mortgage, vehicle, green car and personal financing, plus full Islamic corporate financing instruments (Murabaha, Musawamah, Mudarabah, Istisna, Ijarah, Mazaya), working capital, trade, project and contracting finance, and WPS-compliant salary processing. Technology integrations include Apple Pay, Google Pay, Samsung Wallet, Garmin Pay, Fitbit Pay, Visa Click to Pay, Fawran instant local transfer, Western Union, QIIB Online Shop with 3,700+ merchants, and the QIIB Sukuk program.

QIIB earns revenue primarily through financing and Murabaha income on QR 44.1 billion of financing assets, customer deposits (QR 43.1 billion) and capital market funding (including a US$500 million Sukuk and a QR 500 million domestic Sukuk), supplemented by card fees (annual fees QR 250–750), WPS payroll processing fees (QR 50–1,100 monthly), trade finance fees, FX, and treasury/investment income. As of H1 2026 the bank reported QR 713 million net profit (+3.5% YoY), 19.7% cost-to-income ratio, 21.41% capital adequacy, and credit ratings of Moody's A2, Fitch A and Capital Intelligence A+.

Name

Qatar International Islamic Bank

Legal name

Qatar International Islamic Bank

Website

https://qiib.com.qa

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

251–500 employees

Short description

Qatar International Islamic Bank (QIIB) is a Doha-headquartered, publicly listed Sharia-compliant bank serving Qatari retail, corporate, government and SME clients with Islamic financing, cards, treasury and Sukuk products.

Ownership category

akta.pro rank

Product category

Islamic Retail Banking

NAICS

Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Private Banking & Wealth (FSABAGAD), Islamic Corporate Banking (FSABAGAC)

Keywords

• Islamic retail banking
• Sharia-compliant financing
• Corporate banking services
• Sukuk issuance
• Digital banking services

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain, Others

Revenue model

1. Financing / Murabaha Income: QIIB earns profit through Islamic financing products including Murabaha (cost-plus sale), Musawamah (bargaining), Ijarah (leasing), Istisna (manufacturing contract), and Mudarabah (profit-sharing). The bank extends financing for real estate, vehicles, personal needs, and corporate activities, earning profit margins over the financing period. In H1 2026, financing assets reached QR 44.1 billion, representing the largest asset category.
2. Customer Deposits & Funding: QIIB raises funding through customer deposits (current, savings, term deposits) and capital market instruments including Sukuk issuances. As of H1 2026, customer deposits stood at QR 43.1 billion. The bank diversifies its funding base through domestic Sukuk programs and international capital markets.
3. Fee-Based Income: The bank generates fee income from various services including card fees (annual credit card fees ranging QR 250–750), processing fees, trade finance fees, wire transfers, foreign exchange services, account management, and credit life/takaful insurance distribution.
4. Sukuk Issuance Programs: QIIB raises medium-to-long-term funding through Islamic Sukuk issuances. In November 2025, the bank issued a $500 million (QR 1.825 billion) 5-year Sukuk with a 4.548% yield, attracting over $2 billion in demand. The bank also issued a QR 500 million 3-year domestic Sukuk at 4.40% return in December 2025, listed as the first Islamic sukuk on the Qatar Stock Exchange.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

QIIB is a Qatar-based Islamic bank that provides Sharia-compliant retail and corporate banking products. Its core activities include current and savings accounts, term deposits, credit and debit cards, multiple modes of Islamic financing (Murabaha, Ijarah, Mudarabah, Musawamah, Istisna), mortgage, vehicle and personal finance, trade and project finance, treasury and sukuk issuance, and WPS salary processing for corporates. Customers are served through a branch network, digital channels (mobile, internet, eCorporate, Fawran instant payments) and dedicated premium/private banking units.

Product overview

Qatar International Islamic Bank (QIIB) offers a comprehensive Islamic banking platform for both retail (personal) and corporate customers. The product portfolio consists of: (1) Personal Banking - current accounts, savings accounts (including Joud prize-linked and Avios travel-rewards accounts), term deposits, credit/debit cards (Visa, Mastercard, Himyan national card, prepaid cards), mortgage/vehicle/personal financing, mobile/internet/phone banking, Fawran instant transfers, and premium Wajaha/Deyafa/Fakhama packages; (2) Corporate Banking - SME, Large Corporate, and Government segments with accounts, cards, Islamic financing products (Murabahah, Musawamah, Mudarabah, Istisna, Ijarah, Mazaya), trade/project/working capital finance, eCorporate internet banking, WPS payroll, and POS services; (3) Treasury & Investment - Sukuk program, capital participation, private equity; (4) Digital Tools - IBAN converter, finance calculator, exchange rates, investment calculator. All products comply with Sharia principles under supervision of the Sharia Committee. The bank operates 17 branches, 75 ATMs, and extensive digital channels serving individual and business customers across Qatar.

Differentiator

Problem solved

Functional benefit

Brands

• QIIB: Primary brand/trading name of Qatar International Islamic Bank used across all products, services, and digital channels including QIIB Mobile Banking, QIIB Internet Banking, and QIIB Online Shop.
• Joud Savings Account
• Avios Savings Account
• Fawran (فوراً)
• QIIB Wajaha (وجاهة)
• QIIB Deyafa (ضيافة)
• QIIB Wajaha Premium (فخامة)
• Visual Phone Banking (IVR)

Products and services

• Personal Current Account
• Personal Savings Account
• Joud Prize-Linked Savings Account
• Avios Savings Account
• Term Deposit
• Mortgage Finance
• Vehicle Finance
• Personal Finance
• QIIB Credit Cards (Visa and Mastercard)
• QIIB Installment Credit Card
• Himyan National Debit Card
• Domestic Worker Card
• Salary Card
• Business Credit Cards
• Corporate Current Account
• Corporate Term Deposit
• Murabaha Financing
• Ijarah Financing
• Mudarabah Financing
• Musawamah Financing
• Istisna Financing
• Mazaya SME Financing
• Working Capital Finance
• Real Estate Finance
• Contracting Finance
• Project Finance
• Trade Finance
• Letter of Guarantee
• WPS Salary Processing
• QIIB Mobile Banking
• QIIB Internet Banking
• Fawran Instant Transfer
• eCorporate Channel
• QIIB Online Shop
• Wajaha Premium Banking
• Deyafa Premium Banking
• Fakhama Private Banking
• QIIB Sukuk Programme
• Treasury and Investment Services
• POS Terminals
• Safe Deposit Boxes

Quantifiable outcome

• Net profit grew 3.5% to QR 713 million in H1 2026
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature10 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• SkipCashcoreStrategic or Co-development Partner · 23 July 2026QIIB made a strategic investment in SkipCash, one of Qatar's leading digital payments companies. This marks a significant milestone in QIIB's digital payments strategy and the broader Qatar fintech ecosystem. SkipCash operates as a digital payment solutions provider, and QIIB's investment supports SkipCash's growth trajectory and vision for building the next generation of digital payment infrastructure in Qatar and the region.
• VisacoreStrategic or Co-development Partner · 20 July 2026QIIB and Visa Consulting & Analytics (VCA) announced a strategic collaboration to support QIIB's payments growth agenda and enhance customer engagement across its diverse card portfolio. The partnership aims to advance payment innovation in Qatar, drive digital payment adoption, and elevate the customer experience. QIIB issues Visa credit and debit cards across multiple tiers including Visa Infinite, Visa Signature, and Visa Platinum.
• Moody's RatingssupportingOthers · 19 June 2026Moody's Ratings affirmed QIIB's long-term local and foreign currency deposit and issuer ratings at A2 with a stable outlook. The affirmation reflects the bank's strong capital and liquidity positions and Qatar's robust macroeconomic fundamentals. Moody's maintained stable outlooks across eight Qatari banks including QIIB.
• Sustainable FitchsupportingOthers · 13 June 2026Sustainable Fitch, a leading global sustainability ratings agency, confirmed QIIB's strong commitment to sustainability standards with QR 2.85 billion in eligible sustainable finance. QIIB received a sustainability disclosure review report from Sustainable Fitch, confirming alignment with Qatar National Vision 2030 and the Third Financial Sector Strategy approved by Qatar Central Bank.
• Fitch RatingssupportingOthers · 1 January 2026Fitch Ratings affirmed QIIB's long-term issuer rating at A with stable outlook and short-term issuer rating at F1. The confirmation reflects QIIB's strong financial resilience and operational efficiency. QIIB maintains a capital adequacy ratio of 21.41% and cost-to-income ratio of 19.7%.
• Qatar Airways Privilege ClubcoreStrategic or Co-development Partner · 1 January 2025QIIB partnered with Qatar Airways Privilege Club to offer the Avios savings account — Qatar's first savings account that converts savings to Avios points. Account holders earn 10% of their average daily balance in Avios annually (e.g., QR 100,000 balance = 10,000 Avios). The partnership also enables the Himyan card to earn Avios (1 per QR 8 spent) and offers Avios as a loyalty rewards redemption option for QIIB Points.
• Qatar Central BankcoreGTM or Marketing Partner · 1 January 2025QIIB participates in Qatar Central Bank initiatives including the Himyan national debit card program. QCB partnered with Qatar Airways Privilege Club to enable Himyan cardholders to collect Avios through transactions (online and point-of-sale payments), enhancing the Himyan product and promoting digital payments in Qatar in line with Qatar National Vision 2030.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Qatar Islamic Bank (QIB): QIB is the largest Islamic bank in Qatar and QIIB's most direct competitor, offering the same full suite of retail, corporate, and treasury Sharia-compliant products to the same Qatari customer base under similar regulatory oversight.
• Masraf Al Rayan: Masraf Al Rayan is a major Qatari Islamic bank formed via the merger of Al Rayan Bank and Masraf Al Rayan, directly competing with QIIB across retail, corporate, and Sharia-compliant financing in Qatar.
• Kuwait International Bank (KIB): KIB is a Kuwaiti Islamic bank offering comparable retail, corporate, and treasury products under Sharia supervision, making it a direct regional analog to QIIB's operating model.
• Bank Nizwa: Bank Nizwa is Oman's first and leading Islamic bank, offering retail, corporate, and treasury Sharia-compliant products — directly comparable in scale and business model to QIIB.

Regional players

• Al Rayan Bank (UK): Previously owned by QIIB (divested in 2011), Al Rayan Bank operates as a UK-based Islamic bank offering Sharia-compliant retail and business banking — same origin and brand DNA as QIIB but serving a different geography.

Broad incumbents

• Dubai Islamic Bank: DIB is the largest Islamic bank in the UAE and a much larger, more diversified incumbent in GCC Islamic banking, with overlapping Sukuk issuance, corporate banking, and retail Sharia-compliant products.
• Abu Dhabi Islamic Bank (ADIB): ADIB is a major UAE-listed Islamic bank offering retail, corporate, and treasury Sharia-compliant products, providing a regional benchmark for QIIB's product breadth and Sukuk issuance programs.
• Al Rajhi Bank: Al Rajhi Bank is the largest Islamic bank globally and a major Saudi-based peer, sharing the same Islamic finance architecture and offering comparable retail and corporate banking to QIIB.
• Emirates Islamic Bank: Emirates Islamic is a UAE-based Islamic bank (part of Emirates NBD Group) offering similar retail and corporate Sharia-compliant products with comparable digital banking capabilities.
• Kuwait Finance House (KFH): KFH is one of the largest Islamic banks globally and operates a similar full-service Islamic banking model across retail, corporate, and treasury, with comparable Sukuk issuance programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/qiibofficial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

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

M&A1 record

Investments3 records

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

Frequently asked questions about Qatar International Islamic Bank