Qatar’s QIIB Has No Requirement for Sukuk Funding in 2020

The Chief Executive Officer (CEO) of the Qatar International Islamic Bank (QIIB), Dr. Abdulbasit Ahmed al Shaibei, stated the bank is unlikely to make Sukuk issuances in 2020, given that it was in a “comfortable position” for 2020, with strong liquidity and a high capital adequacy ratio.

The CEO also highlighted that the bank would not consider going to market with a Sukuk issuance, even if the market was ‘very attractive’ with low returns.

He further stated that the on-going oil price war between Saudi Arabia and Russia was not expected to impact Qatar-based banks significantly as government-led infrastructure projects were the key drivers for the banking se...