QIIB to Discuss New Partnerships with International Financial

The Qatar International Islamic Bank (QIIB) is to discuss ways and means of forging new partnerships with various international financial and banking institutions, on the sidelines of the participation of QIIB’s delegation in the annual meetings of the International Monetary Fund (IMF) and the World Bank.

According to a press release issued today by the QIIB, the delegation, headed by HE Chairman, QIIB Board of Directors Sheikh Dr Khalid bin Thani bin Abdullah Al-Thani, is scheduled to hold meetings with officials and financial experts from around the world.

The delegation will also hold bilateral discussions in which it will highlight the strength and robustness of the Qatari banking sector, its enriching opportunities and ability to achieve further growth in view of its strengths, especially in terms of the high solvency and huge reserves of the State of Qatar.

The QIIB’s participation in the annual meetings of the IMF and the World Bank coincides with its announcement to establish a US $ 2 billion sukuk issuance program and the FCA’s approval in the UK to list the program on the London Stock Exchange.

The sukuk program has been classified at a provisional level (A2) by Moody’s and at the expected level (A) by Fitch Ratings.

Established in 1991, QIIB is a privately owned Islamic bank in the State of Qatar offering personal and corporate Islamic banking solutions. (QNA)

Source: FANA