QIB (UK)
QIB (UK) is a Shari'a-compliant private bank and wholly-owned subsidiary of Qatar Islamic Bank, headquartered in Mayfair, London, serving high-net-worth individuals (minimum £1m relationship balance) and GCC clients with private banking, Shari'a-compliant property finance, and treasury services.
- Company typePrivate
- Founded2008
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What QIB (UK) does
QIB (UK) Plc is a Shari'a-compliant private bank and wholly-owned subsidiary of Qatar Islamic Bank (QIB Group), authorised by the Prudential Regulation Authority and regulated by the FCA and PRA (Financial Services Register No. 466577). Established to serve high-net-worth Qatari and GCC clients in the United Kingdom, the bank operates from a single headquarters at 43 Grosvenor Street in Mayfair, London, with approximately 40 staff. Its product set comprises three pillars: Private Banking (current accounts, instant-access and notice savings in GBP/USD/EUR, Wakala deposits, foreign exchange, and Murabaha property finance for residential and buy-to-let), Structured Real Estate (Shari'a-compliant financing for commercial, residential, logistics, hotel, and student accommodation assets), and Treasury (fixed-term deposits, notice accounts, and SpotFX for private, corporate, and institutional clients).
The bank generates revenue through a combination of subscription-style recurring balances on savings and deposit products, transaction-based fees on property finance and payments (£15 domestic, £30 international, 2.99% FX debit card fee), and spread income from Murabaha and FX activity, with a stated minimum relationship balance of £1,000,000 that anchors the customer base in the HNW segment. Distribution is relationship-led, with each Private Banking client assigned a dedicated Relationship Manager, complemented by self-service digital channels consisting of a QIB (UK) mobile banking app (iOS/Android with biometric login) and an Internet Banking portal with Confirmation of Payee. Payments processing relies on third-party providers including PSI-Pay (Mastercard issuance), FIS Payments UK, and Idemia, while core banking technology is supplied by Infrasoft.
QIB (UK) reported £1.94m profit in H1 2019 and a 41% profit increase in 2022, and has extended its market presence through a strategic partnership with Savills (announced November 2025) covering prime London residential research. The bank's competitive position is supported by the parent group's QAR 221.1 billion in total assets (December 2025) and a portfolio of industry awards spanning The Banker, Global Finance, Euromoney, and The Asian Banker, providing brand and capital backing for what remains a boutique UK private banking operation.
QIB (UK) firmographics
Firmographics- Name
- QIB (UK)
- Legal name
- QIB (UK) Plc
- Website
- https://qib-uk.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- QIB (UK) is a Shari'a-compliant private bank and wholly-owned subsidiary of Qatar Islamic Bank, headquartered in Mayfair, London, serving high-net-worth individuals (minimum £1m relationship balance) and GCC clients with private banking, Shari'a-compliant property finance, and treasury services.
- Ownership category
- akta.pro rank
QIB (UK) industry classification
Industry- Product category
- Islamic Private Banking
- NAICS
- Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Islamic Private Banking & Wealth (FSABAGAD)
- akta.pro secondary industries
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK)
Keywords
Where QIB (UK) is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
QIB (UK) business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Compliance / Shari'a oversight (Others), Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Private Banking Services: Fees from current accounts, savings accounts, and relationship banking services for high-net-worth clients. Minimum relationship balance of £1,000,000 required.
- Property Financing (Murabaha): Shari'a-compliant cost-plus financing for residential and commercial property purchases and refinancing in the UK. Supports both investment and development properties.
- Treasury and Deposit Services: Returns from fixed term deposits, notice accounts, and Wakala deposits. Foreign exchange services and liquidity management solutions for private, corporate, and institutional clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Current Account - No profit payable |
| Subscription | Monthly | Instant Savings Account - 1.75% GBP/USD |
| Subscription | Monthly | 31 Day Notice Account - 3.75% GBP |
| Subscription | Monthly | 93 Day Notice Account - 3.75% GBP |
| Subscription | Monthly | 120 Day Notice Account - 3.10% GBP |
| Subscription | Annual | Time Deposit Accounts - 3.50% to 3.65% GBP |
| Transaction based/ take rate | Pay-as-you-go | Domestic Payment - £15.00 |
| Transaction based/ take rate | Pay-as-you-go | International Payment - £30.00 |
| Transaction based/ take rate | Pay-as-you-go | Foreign Currency Debit Card Payment - 2.99% |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
QIB (UK) product offering
Product offeringCore offering
QIB (UK) is a London-based, Shari'a-compliant private bank offering Private Banking, Treasury Services, and Structured Real Estate Financing to high-net-worth individual clients and selected institutional counterparties. All products are structured to comply with Islamic law and are delivered with dedicated Relationship Manager support alongside digital mobile and internet banking channels.
Product overview
QIB (UK) is a Sharia-compliant private bank headquartered in Mayfair, London, offering a unified platform of Islamic banking products and services. The core offerings consist of Private Banking (current accounts, savings, property financing), Treasury Services (deposits, FX), and Structured Real Estate financing. Digital banking is delivered through the QIB (UK) Mobile App and Internet Banking platforms, which provide 24/7 account access, payments, and biometric security. All products adhere to Islamic finance principles under Shari'a Supervisory Board oversight.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Banking
- Treasury Services
- Structured Real Estate Financing
- Shari'a-Compliant Banking Products (under Shari'a Supervisory Board oversight)
Quantifiable outcome
- Minimum £1,000,000 relationship balance requirement ensures focus on HNWI segment
- +1 more outcomes
Companies that use QIB (UK)
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
QIB (UK) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature3 records
QIB (UK) partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SavillscoreQIB UK partnered with Savills, the renowned international real estate consultancy, to provide research and market insights on London's prime residential market. The partnership aims to inform potential investors from Qatar and the GCC region about the latest opportunities in the London property market, with a focus on prime properties. Savills provides market research data including prime sales indices, price trends, and market analysis to support QIB UK's real estate financing services.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
QIB (UK) competitors and assessment
Company assessmentDirect peers
- Al Rayan Bank: UK-incorporated Shari'a-compliant bank offering retail and business current accounts, savings, and property finance to UK Muslim and non-Muslim customers. Direct competitor to QIB UK in the UK Islamic private banking and property financing market.
- Gatehouse Bank: UK Shari'a-compliant challenger bank focused on savings, property finance, and wealth management for UK and international clients. Closely comparable to QIB UK's property-finance-led model and HNW positioning.
- Bank of London and the Middle East (BLME): UK-based Islamic bank serving UK, GCC, and European clients with savings, property finance, and trade finance. Competes head-to-head with QIB UK for Shari'a-compliant deposits and UK real estate financing.
Broad incumbents
- Coutts: UK private banking incumbent with a strong HNW franchise, Mayfair heritage, and broad wealth management offering. Comparable as a direct private-banking competitor to QIB UK in London, though not Shari'a-specialist.
- Standard Chartered Private Bank: International private bank with deep GCC and UK franchises offering deposits, FX, and real estate-linked solutions. Comparable broad incumbent for QIB UK's GCC-to-UK wealth corridor.
- HSBC Private Bank: Global private bank with extensive GCC-linked HNW coverage, UK property finance capabilities, and Islamic finance products. Competes with QIB UK for the same international HNW and property investor wallet.
Regional players
- Abu Dhabi Islamic Bank (ADIB): Major UAE-headquartered Islamic bank offering private banking, property finance, and treasury services, including a UK representative presence. Comparable to QIB UK in product mix and GCC client targeting.
- Gulf International Bank (UK): Bahrain-headquartered wholesale bank with London presence offering Islamic and conventional treasury, deposits, and real estate finance to GCC-linked clients. Comparable regional competitor for QIB UK's institutional and HNW book.
- National Bank of Kuwait (International): Kuwait-headquartered bank with London operations serving GCC HNW and institutional clients with deposits, FX, and property finance. Comparable Gulf-bank peer for QIB UK's GCC client franchise.
Others
- Mayfair Capital / Saudi National Bank (UK Representative): Saudi-headquartered bank group with growing UK presence serving Gulf-origin HNW and institutional clients. Relevant ecosystem comparable as a GCC-bank peer to QIB UK's Gulf-client franchise in London.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
QIB (UK) social profiles
Digital presenceQIB (UK) compliance and trust
Trust signalCompliance4 records
QIB (UK) financial estimates
Financial estimateRevenue estimate
Valuation estimate
QIB (UK) leadership team
Management profileNumber of profiles
QIB (UK) funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
QIB (UK) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about QIB (UK)
What does QIB (UK) do?
QIB (UK) is a London-based, Shari'a-compliant private bank offering Private Banking, Treasury Services, and Structured Real Estate Financing to high-net-worth individual clients and selected institutional counterparties. All products are structured to comply with Islamic law and are delivered with dedicated Relationship Manager support alongside digital mobile and internet banking channels.
Is QIB (UK) a public or private company?
QIB (UK) is a private company. It is classified as corporate owned and is currently operating.
When was QIB (UK) founded?
QIB (UK) was founded in 2008. It employs 1,001 to 5,000 people.
Where is QIB (UK) based?
QIB (UK) is headquartered in London, United Kingdom, in the Europe region.
How does QIB (UK) make money?
Three revenue lines are on record. Private Banking Services are the primary driver. The others are property Financing (Murabaha) and treasury and Deposit Services.
Who are QIB (UK)'s main competitors?
Direct peers on record are Al Rayan Bank, Gatehouse Bank and Bank of London and the Middle East (BLME). Broad incumbents are Coutts, Standard Chartered Private Bank and HSBC Private Bank. Regional players are Abu Dhabi Islamic Bank (ADIB), Gulf International Bank (UK) and National Bank of Kuwait (International). Mayfair Capital / Saudi National Bank (UK Representative) is listed as an others.
Does QIB (UK) have an API?
No public API is recorded for QIB (UK).
What industry is QIB (UK) in?
QIB (UK)'s product category is Islamic Private Banking. Its primary akta.pro industry code is FSABAGAD, Islamic Private Banking & Wealth, with a secondary code of FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam). Its NAICS code is 5221 and its SIC code is 6162.