Qatar International Islamic Bank’s Recommended USD 1 Billion Tier 2 Sukuk Approved by Shareholders

Qatar International Islamic Bank (QIIB) has received approval from its shareholders for the issuance of USD 1 billion Tier 2 Sukuk as well as the extension of the (2021 general assembly) approval for the bank’s USD 2 Billion Sukuk Programme, recommended by the bank’s board of directors at the QIIB annual ordinary general assembly meeting held on the 7th of March 2022.

Why it Matters?

QIIB maintained its financial indicators’ stability and profitability through the impacts of the pandemic, as per its 2021 financial results, leveraging digital solutions to enhance operational efficiency including adjusting expenses and improving transactions. While the bank’s policy remained focused on the local market, in line with the Qatar Nati...