Qatar Islamic Bank’s Foreign Currency Ratings Affirmed with Stable Outlook by Capital Intelligence

Capital Intelligence (CI) has affirmed Qatar Islamic Bank’s (QIB) long-term foreign currency and short-term foreign currency ratings at ‘A+’ and ‘A1’ respectively, with a Stable Outlook.

According to CI, the affirmed ratings were supported by financial factors including robust asset quality, strong operating and net profitability, as well as solid capitalisation. In addition, QIB’s strong franchise and market position as the leading Islamic bank in Qatar (second largest bank in Qatar’s financial system) also contributed to the affirmed ratings.

CI expects QIB to be able to survive the impact of the COVID-19 pandemic, backed by QIB’s pre...