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Qatar Islamic Bank (QIB) opened its 30th branch in the “Barwa-Al Wakra” village. The branch will provide integrated banking services to both personal and business customers in the vibrating and rapidly growing “Barwa-Al Wakra” village. The village is home to more than 900 housing units and 1200 stores, and attracts many visitors, making of it […]

Qatar Islamic Bank SAQ, the country’s biggest Islamic lender, sold a five percent stake to Qatar Investment Authority, the Persian Gulf country’s sovereign wealth, as part of a plan to boost bank capital. Qatar Investment Authority paid 956 million riyals ($263 million) for the stake, Qatar Islamic Bank said in a statement posted on the […]

Qatar Islamic Bank said yesterday Qatar Investment Authority, or QIA, bought 5% of the lender’s share capital. QIA spent 956mn Qatari riyals ($262.4mn) on the shares, Qatar Islamic Bank said in a statement on the Doha bourse website. In December this year, QIA will buy another 5% of the lender’s shares. The shares will be […]