Moody’s Affirms A2 Rating of Qatar International Islamic Bank; Stable Outlook

Moody’s Investors Service (Moody’s) has affirmed Qatar International Islamic Bank’s (QIIB) rating at A2, with a Stable Outlook, highlighting the strength of the bank’s financial position amidst several market factors and challenges, according to media reports.

Regarding QIIB’s credit strengths, Moody’s emphasised the bank’s robust asset quality, capitalisation and profitability, as well as its resilient funding profile, underpinned by a retail-focused franchise and high probability of support from the Government of Qatar if needed.

According to Dr Abdulbasit Ahmed Al-Shaibei, Chief Executive Officer of QIIB, the strength of Qatar’s economy, which provides support and protection to the country’s banking sector, was...